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On a universal scale, Pearls are waaay more rare than diamonds, amirite?

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Bf3247s avatar Money & Economics
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We were literally taught in economics that the De Beers company is controlling the market and has enough diamonds to pretty much make them worthless if the market got flooded,but by clever advertising and false scarcity they are keeping the price up

Diamonds aren't rare to begin with.. if there's a volcano, there's diamonds (may vary in stages/quality tho). DeBeers and the other Diamond dealers have long boarded them away to control the market and set the prices.

So, in fact, pearls are more rare than diamonds, but exponentially cheaper due to their market.

Diamonds should not be overly expensive at all. Most cost should come from how they cut it, not from how rare they are, because they're really not rare at all.

Shusszs avatar Shussz Yeah You Are +3Reply
@Shussz Diamonds should not be overly expensive at all. Most cost should come from how they cut it, not from how rare they...

Well they are not that expensive! You can buy a diamond tip drill bit or saw blade for cheap. Polish cleaners. You can buy diamond nail files and they are now being used in electronics such as TVs.

Now if you want a large flawless diamond that that been cut for brilliance in jewelry, that is a different story.

Shiny244s avatar Shiny244 Yeah You Are +4Reply
@Mytokhondria Look up "De Beers artificial scarcity"

Yep. Already heard about it. That and the fact that they're behind the push to make diamonds a necessity for being in love and getting married.

@Shussz Diamonds should not be overly expensive at all. Most cost should come from how they cut it, not from how rare they...

There are more likely more diamonds in a city then there are tables. I'd say about the same difficulty to make each as well.

@Shussz Diamonds should not be overly expensive at all. Most cost should come from how they cut it, not from how rare they...

The value of earth-made cut diamonds and other refined products is based on a lot of factors including the finite nature of the raw material, the cost of extraction, production/quality, the avenues used to get them to market (supply chain), and not least of all the demand for that product. Simply put, diamonds are expensive because a very small amount of people control the supply and rich people like them.

Everything living or made by living things is more rare than diamonds, at least as far as we know.

Vic8760s avatar Vic8760 Yeah You Are +3Reply
@Vic8760 Everything living or made by living things is more rare than diamonds, at least as far as we know.

The distinguishing of rarity wouldn't ever have meant anything without an observer capable of bringing it up to have emerged, the most important rarity from our perspective. Life itself is pretty rare, but sapient life must be on another level of rarity. Humanity is so rare that we've literally invented rarity, alongside with every other perception of quality.

browndog888s avatar browndog888 Yeah You Are +2Reply

If aliens are real and friendly and come to earth the biggest economic wins will be farmers of all types since none of our foods would be on other planets.

Waterproof basements are pretty much swimming pools, in reverse.

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