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How China Crashed Diamond Prices by 95% (And It's Not Coming Back) (www.youtube.com)
submitted 3 days ago by Yuritopiaposadism@hexbear.net to c/sino@hexbear.net
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For 100 years, one company controlled the diamond supply on earth. Then factories in a Chinese province most Americans have never heard of changed everything.

This video traces how Chinese industrial diamond factories dismantled a century-old monopoly, crashed wholesale prices by 95%, and destabilized the economies of entire nations.

Covered in this video: China's Cold War era synthetic diamond program, CVD vs HPHT reactor technology, the Henan province supply chain, De Beers financial collapse, Botswana's economic crisis, the American engagement ring market shift, lab grown resale values, and what this means for anyone buying or holding a diamond in 2026.

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[-] CarmineCatboy2@hexbear.net 36 points 3 days ago

now do it with pc parts

if you dare

[-] QuillcrestFalconer@hexbear.net 27 points 3 days ago

It's already starting to happen with RAM, western ram suppliers are buying Chinese ram chips because the ones from western producers are becoming so expensive. Will take longer for cpu/gpus but I believe it will happen aswell

[-] Lowleekun@hexbear.net 6 points 2 days ago

Guys, guys, stop it. I already yearn to be Chinese. They could really share some of their basedness with the rest of us. Jk, I am quite contend with China absolutely smashing western dominance.

[-] infuziSporg@hexbear.net 9 points 2 days ago

Diamonds for everyone!

Diamond-tipped drills, diamond-tipped saws, diamond polishing, diamond everything!

Bourgeoisie in diamond-ripped tatters as they look for an alternative gemstone as affluence signal

[-] Spacehooks@reddthat.com 4 points 2 days ago

I can finally have my Minecraft gear irl

[-] BigWeed@hexbear.net 16 points 3 days ago

I did a bunch of research in this a while ago for a jewelry making hobby and ended up buying two diamonds from china, a 2ct and 1ct, at $100/ct. They are quite nice and well cut.

[-] LeeeroooyJeeenkiiins@hexbear.net 13 points 3 days ago

and still probably cost more than it should

[-] mlatu@moist.catsweat.com 14 points 3 days ago

it's hillarious when you consider GE was the company that gave the chinese the know how for this...

[-] HexReplyBot@hexbear.net 1 points 3 days ago

I found a YouTube link in your post. Here are links to the same video on alternative frontends that protect your privacy:

this post was submitted on 01 Jun 2026
73 points (100.0% liked)

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