Quiet pressures reshaping the world of diamonds
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YouTubeCBS Sunday Morning
Quiet pressures reshaping the world of diamonds
Are diamonds really forever? For over five centuries, Antwerp's diamond district has been the cornerstone of the global diamond trade, through which 80% of the world's rough diamonds have passed. Now, that legacy is under strain in ways the city — and the industry itself — has never seen. Chris Livesay reports. "CBS News Sunday Morning ...
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Some people are hating on this guy… but I actually respect him way more!De Beers invented the “diamond is forever” myth to create fake scarcity and convince everyone you need to drop 2-6 months salary on a shiny rock that’s worth pennies the second you walk out the store.They’re massively marked up and the whole thing is emotional manipulation at its finest.That money could’ve been a down payment on a house, a killer vacation, startup capital for your new business, or just padding the future.Ins
0:20
Some people are hating on this guy… but I actually respect him way more!De Beers invented the “diamond is forever” myth to create fake scarcity and convince everyone you need to drop 2-6 months salary on a shiny rock that’s worth pennies the second you walk out the store.They’re massively marked up and the whole thing is emotional manipulation at its finest.That money could’ve been a down payment on a house, a killer vacation, startup capital for your new business, or just padding the future.Ins
x.comMatt Wallace
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