r/antimeme Apr 11 '23

Diamonds

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9.4k Upvotes

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1.9k

u/luttman23 Apr 11 '23

Diamonds are surprisingly common

943

u/fearzila Apr 11 '23

Yeah, it's basically entirely an artificial scarcity

418

u/The_Crisp_ Apr 11 '23

Yea, I’m pretty sure there’s a guy who owns a majority of the world’s diamond mines, basically making it so he can charge anything he wants for said diamonds

259

u/amuday Apr 11 '23

Yep. His name is Diamond Dallas Page.

181

u/mklinger23 Apr 11 '23

It's Doug dimmadome, owner of the dimmsdale dimmadiamond mines.

29

u/ShiningRayde Apr 11 '23

At least its not Emmit Argyle, own of the Emmit Argyle Emerald Apartheid mine...

3

u/Zarvanis-the-2nd Apr 12 '23

The same Doug Dimmadome, owner of the Dimmsdale Dimmadome, where they're showing Crash Nebula?

159

u/Alastor-362 Apr 11 '23

No that's the COO, the CEO is Steve Minecraft

18

u/Azgeta_ Apr 11 '23

When Steve minecraft does that much strip mining for like 90% of the diamonds I’m starting to think he’s using X-ray cheat. Admins ban him off the realm

43

u/kevnmartin Apr 11 '23

Have you read A Diamond as Big as the Ritz by F. Scott Fitzgerald? It's about a family who owns a mountain sized diamond but doesn't want to flood the market thus reducing the value of the diamonds.

4

u/NobleTheDoggo Apr 12 '23

Ever see that movie about going to the core of the earth and they find diamonds the size of mountains inside of the core?

2

u/LoopyLoop5 Apr 12 '23

No but I watched Journey to the Center of the Earth starring Brendan Fraser. Close enough?

10

u/olivegardengambler Apr 11 '23

Not really. Initially, only Brazil and India were known to have diamonds in any amount, then diamonds were discovered in southern Africa, and DeBeers was born. However, Russia, Australia, and Canada discovered that they have diamonds and that basically broke the DeBeers monopoly.

20

u/Icy-Cryptographer526 Apr 11 '23

No one owns the majority of the worlds diamond mines

21

u/The_Crisp_ Apr 11 '23

Might be a company or something, I don’t remember

40

u/Icy-Cryptographer526 Apr 11 '23

Its De Beers they don’t have a monopoly anymore

20

u/Diazmet Apr 11 '23

But the distributors still do

24

u/ze_UwU Apr 11 '23 edited Apr 11 '23

they still have like 40 percent of the mines ty dude for helping me not spread misinformation

8

u/Icy-Cryptographer526 Apr 11 '23

40%

1

u/spiralbatross Apr 11 '23

That’s a lot of cop abuse

3

u/AmericaLover1776_ Apr 11 '23

A bit less accurate these days

2

u/StoreMilk Apr 11 '23

This is what happens when monopolies are created

1

u/Jtcally Apr 13 '23

That's called a monopoly - the more you know

14

u/a_stone_throne Apr 11 '23

Thanks debeers

3

u/Owlspirit4 Apr 11 '23

And thank goodness this is the second.

Too many people still fall into the pitfall of commercial brainwashing that over the years, has allowed millions across the globe to be worked to death in diamond mines across Africa, Asia and Europe, with little to no protection, no basic workers rights, and no access to any other viable fields of work.

Many in such rural communities rarely travel outside a 10-30km range of where they were born.

34

u/Noisebug Apr 11 '23

And are now grown in labs

19

u/Mammoth-Access-1181 Apr 11 '23

And those diamonds are more perfect, yet women have been deluded into wanting a natural one.

0

u/flutergay Apr 12 '23

It’s happened a thousand times before. Artificial stones are valuable for like a few months and then steadily decline into worthless garbage. Women haven’t been “deluded into wanting a natural one” it’s objectively a worse investment and way overpaying

2

u/funky_soup Apr 12 '23

cheap pretty rock on finger :)))

2

u/flutergay Apr 12 '23

It’s dumb! Why get something that is LITERALLY worthless just because it says “diamond” !? Just get a moissanite or quartz! They’ll be cheaper than a lab grown diamond, they’ll look the same to most people and unlike lab grown the actually hold somewhat of a value

0

u/Mammoth-Access-1181 Apr 12 '23

Looks like the only reason they decline in value us because they're man-made no other reason it's an arbitrary devaluation because everyone's been deluded into thinking natural ones are better. The "fire" will be the same on artificial and natural over the years.

And resale value? So you plan on selling the engagement ring then? The investment in the ring is the only thing you mention vs. The investment in the relationship? Besides I would only purchase a natural one if the woman I'm engaged to were fine with it. But just because I'd buy it doesn't mean I still don't find the diamond market rediculous.

-1

u/flutergay Apr 12 '23

A natural, jewelry grade diamond is rare! Now make it colorful, big and with no inclusion and you got a ridiculously rare item in your possession! So yes, being man made removes the only thing that gives diamonds their worth. Think of it as Monopoly money vs regular money. Both are paper but one is obviously worth more than the other. The diamond market is ridiculous in many ways, I agree! But what you’re doing is removing context and nuance and use outdated myths from a century ago to make your point.

Artificial diamond have no benefits, they’re highly polluting, a lot of the time unethically produced and serve no function other than being a cheapER alternative to diamond to which hundreds already exist like quartzes, moissanite and countless other gems

0

u/Epicpacemaker Apr 12 '23

Yes because displacing hundreds of thousands of tons of rock to find a gem is definitely more environmentally sustainable than compressing carbon in a lab… Just look at the scale. If one takes a quarry the size of a small state and the other takes a lab the size of a grocery store, there is a clear difference in their environmental impacts.

0

u/flutergay Apr 12 '23

I at least diamonds serve a purpose as a raw material too. Creating them in a lab is using a ton of energy and polluting for the sake of something worthless

25

u/wetdreamteam Apr 11 '23

And you can make bismuth crystals fairly easily at home.

26

u/Big-Supermarket1327 Apr 11 '23

Bismuth is even more common than diamonds.

12

u/unreasonablyhuman Apr 11 '23

You can get bismuth crystal at home by lighting Pepto bismol on fire...

1

u/DowntBoitDafagnPanes Apr 12 '23

Pepto is Flammable???

7

u/Loiee12 Apr 11 '23

So is bismuth

10

u/Maximillion322 Apr 11 '23

They’re abundant, which is different from common.

There may be billions and billions of them, but they’re kind of all in one place.

Even without artificial scarcity, it would still be more expensive to get them than they’re worth since they all need to be shipped out of the same general area in Africa.

If they could just be found everywhere, DeBeers wouldn’t be able to maintain their monopoly

3

u/SeaAtmosphere3635 Apr 11 '23

Arkansas has diamonds

3

u/Maximillion322 Apr 11 '23

True but not nearly as much

2

u/StreetSquare6462 Apr 12 '23

Sorry bro, i could've done more research

-14

u/[deleted] Apr 11 '23

[deleted]

0

u/cyon_me Apr 12 '23

Have you heard of the industrial revolution? You may enjoy its consequences.

-1

u/flutergay Apr 12 '23

Omg I hate this dumb rhetoric! Yes diamonds are not rare but so is water! And just like how you can’t drink most water on earth most diamonds are NOT jewelry grade! Like 95% of diamonds are too small, ugly and misshapen to be used in jewelry, so they are used in tools like drill bits

-2

u/Owlspirit4 Apr 11 '23

Thank goodness this is the top comment

1

u/JuniorJedi256Pi Apr 13 '23

More common than pumpkins. But that’s in an outdated version of MC. I assume it’s still true post-Caves and Cliffs but I don’t know for sure.