Investing in diamonds

[LP]

Re: Investing in diamonds

@blackforest_360

Buying diamonds is not really an investment (at all) because it’s a controlled substance, not a rare one. It’s a company called De Beers who has a monopoly in the diamond supply and they regulate their prices-- they make diamonds scarce to raise the prices. A diamond itself does not hold a whole lot of intrinsic value , the idea of it being rare, beautiful, and pricey does.

A closer look: The History Of De Beers And Diamonds - Business Insider

Informative :k:
The monopoly eventually ended.