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[–] fl_cl2010 1 points 112 points (+113|-1) ago 

Do you want to get whacked? Because that's how you get a hit put on you!

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[–] Opieswife 0 points 23 points (+23|-0) ago 

Pretty much what I was thinking too.

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[–] jaceame 0 points 4 points (+4|-0) ago 

Makeup, jewelry, and olive oil, the three markets where you will be killed in a heartbeat if you try to alter the monopolies.

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[–] homosexuals_are_gay 2 points -1 points (+1|-2) ago 

Funny how untrue that is

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[–] Link1299 0 points 2 points (+2|-0) ago 

@w00zi is dead now

someone is probably 1000$ richer

[–] [deleted] 0 points 2 points (+2|-0) ago 

[Deleted]

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[–] jame_retief 0 points 0 points (+0|-0) ago 

No, they won't.

Because you don't have the kind of money that it would take to influence the diamond market.

DeBeers would ignore you until you went bankrupt.

[–] [deleted] 0 points 49 points (+49|-0) ago 

[Deleted]

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[–] firex726 0 points 22 points (+22|-0) ago 

Also local warlords which are paid by De Beers would make keeping employees very difficult, without resorting to the same tactics.

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[–] jame_retief 0 points 4 points (+4|-0) ago 

DeBeers doesn't have to. The warlords make their living by taking the diamonds from the miners. Congratulations on putting yourself into a slave collar and giving the warlord a free mining slave.

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[–] Dont_Panic 0 points 13 points (+13|-0) ago  (edited ago)

Indeed. This happens to be the industry I'm in and De Beers remains a fearsome cartel along with Graft Diamonds and Carlyle Group. They have in their employ some serious operators. De Beers established the Kimberly Process to get the NGO dummies off their backs about conflict stones. Kimberly Process means DE Beers decides who gets a license to dig, sell, or export, keeps detailed record of any stones you export if you do manage to get a license and can arbitrarily seize your parcel. Get around all that and your camp come under fire while your trucks and water pumps explode....

Nice seeing you outside of the battlefield m8. ;)

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[–] jame_retief 0 points 1 points (+1|-0) ago 

No one challenges DeBeers by mining diamonds. You would have to be insanely lucky to find enough diamond in one mine to make a difference in the market price of diamond.

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[–] lord_nougat 0 points 0 points (+0|-0) ago 

No no, panning is for gold!

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[–] fuckingkike 0 points 39 points (+39|-0) ago  (edited ago)

De Beers' has less than a 40% market share now. It already happened. You missed it.

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[–] Rommel79 0 points 14 points (+14|-0) ago 

40% is enough to change the market. Look at Saudi Arabia with oil.

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[–] fuckingkike 0 points 7 points (+7|-0) ago 

They were 90% for a while. And influence isn't the same as control, which is what they had on an unprecedented global scale.

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[–] Canaduck 1 points 32 points (+33|-1) ago 

Upwards of 75-80% of mined diamonds aren't suitable as gemstones and are used in other industries. The price is very cheap. Gemstone diamonds have Tiffany's to blame by setting a precedent for the price of a wedding band with a diamond at a percentage (usually 5-10%) of the significant other's salary. There are tons of more glamourous gemstones for fractions of the cost because they haven't been artificially inflated for a consumer base. Also, before the internet and the globalization of things, you wouldn't hear much about the production of diamonds and people could be more naïve.

tl;dr: diamonds are super common, and people who don't know that but also think they look pretty, will pay whatever whoever is selling says it costs.

[–] [deleted] 1 points 20 points (+21|-1) ago 

[Deleted]

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[–] voat-simulator 0 points 9 points (+9|-0) ago 

That's really cool. I find corrundum a lot more fascinating than diamond, anyway. I'd be tempted to go with emerald, but ruby and sapphire are a lot harder.

Relevant.

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[–] CatNamedJava 0 points 6 points (+6|-0) ago 

Thst is actually more traditional. Before a diamond is forever marketing campaign engagement rings were of any gemstone. Often chosen because of color or significance like birth stones

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[–] Oodle_doodle 0 points 3 points (+3|-0) ago 

My wedding band is made out of rubies. They are such beautiful stones, it's also my husband's birth stone so it has more meaning to us.

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[–] Kaukamieli 0 points 1 points (+1|-0) ago 

Get a lab grown one. It's the real deal, but way cheaper. Get a huge one. ;)

[–] [deleted] 17 points 3 points (+20|-17) ago  (edited ago)

[Deleted]

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[–] propaganja 2 points 35 points (+37|-2) ago 

Because that's literally every girl's response to that question, and to similar questions regarding designer handbags, shoes, clothes.

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[–] BrianFellow 7 points 14 points (+21|-7) ago 

You are supporting evil if you buy them, though, as they do have blood on them. So good on those people who criticize your choice.

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[–] ec69f4c200b442f59e9f 0 points 6 points (+6|-0) ago 

That's fine. Just get a cubic zirconia. They look exactly the same unless you put them under some kind of magnifying lens.

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[–] Canaduck 0 points 5 points (+5|-0) ago 

The only thing "illustrious" is the graphic nature of how the diamond ended up on your finger. A lot of gemstones can and will look identical to diamond because it does not matter what it's made out of, it is how it is cut. There are so many diamond alternatives grown in labs, almost identical hardness and sheen, and the only way you can tell it apart from a diamond is through x-ray crystallography.

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[–] KinkRaven 0 points 0 points (+0|-0) ago 

Gemstone diamonds have Tiffany's to blame by

nope that was a DeBeers ad campaign. check out Adam ruins everything on wedding rings, brilliant :)

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[–] Canaduck 0 points 1 points (+1|-0) ago 

If you actually read my comment, and understood what the ad campaign was for, you'd realize that :

  • De Beers was just advertising diamonds, not their brand (this came back to haunt them in more recent times).
  • Tiffany's buys their diamonds from De Beers
  • Tiffany's set the standard for the Carat, Sterling and Platinum
  • Tiffany's set the price because they were luxury goods and advertised American celebrities wearing their diamonds

tl;dr : De Beers wanted to reinvigorate the American public with diamonds since they were getting them for cheap from Africa, and Tiffany & Co, being the luxury goods store it is, was able to set the price of a wedding band. De Beers made the mistake of dissociating itself from the diamonds, and other luxury stores filled the gaping niche that De Beers naively left alone.

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[–] theSoupSmith 0 points 12 points (+12|-0) ago 

Another big reason is that they will blacklist any jewelers/cutters/resellers that sell diamonds from other sources. Also to keep the second hand market in control they force jewelers to buy a certain number of new diamonds from them each year or face getting cut off.

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[–] 1Sorry_SOB 1 points 5 points (+6|-1) ago 

".....The syndicate in London to which Rhodes contracted to sell De Beers' entire production of diamonds in 1893 was made up of ten firms. These were Wernher, Beit & Company, Barnato Brothers, Mosenthal Sons & Company, A. Dunkelsbuhler, Joseph Brothers, I. Cohen & Company, Martin Lilienfeld & Company, F. F. Gervers, S. Neumann, and Feldheimer & Company. All these firms were interconnected by marriage and family ties, and all were owned by Jewish merchants. The fact that Jewish companies completely dominated the distribution of diamonds at the end of the nineteenth century was not particularly surprising. For a thousand years, diamonds had been almost entirely a Jewish business."

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[–] boltsand 0 points 7 points (+7|-0) ago 

You added quotes, but no source. Can I get a link?

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[–] Trippler 0 points 0 points (+0|-0) ago 

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[–] FireFox 0 points 4 points (+4|-0) ago 

The basically control all the kimberlite mines in the world. You don't find diamonds without a kimberlite structure.

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[–] SealofApproval 0 points 0 points (+0|-0) ago 

I won't mention alluvial diamonds.

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[–] mukt 1 points 4 points (+5|-1) ago 

De Beers has a near monopoly over diamonds above certain size.

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[–] jame_retief 0 points 2 points (+2|-0) ago 

No, they don't. They only have access to what they can buy on the market or comes from mines with agreements to sell through them.

One of the largest diamonds in recent history, a 100ct oval D, IF, never came through DeBeers. It was estimated as being worth $100 million, I haven't heard if it was sold.

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