Originally Posted by
Maelochs
Yeah ... diamonds are a complete scam. No scacity, even of gem-quality stones. They are seen as a luxury item, so people charge luxury prices.
If you want to get really annoyed, watch this 20+ year old episode of Frontline:
You'll never want to buy a diamond again.
You have to respect DeBeers for their evil marketing genius, though. They've duped people out of a several months' salary for 100 years over a chip of worthless glass-like material without the majority of people even understanding why diamonds cost so much, who DeBeers is and how they operate. It's absurd.