ELI5 – Are Diamonds rare?

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There seems to be tonnes of sentiment that they are rare, which can be seen in the value and the timescales to source a mining opportunity and operationalise it. We see this in the price.

However, there’s also significant sentiment that the rarity is a conspiracy, artificial rarity to inflate prices.

What is the truth on this subject?

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3 Answers

Anonymous 0 Comments

Diamonds are not rare, i believe the crazy price of them were mainly because of the “diamonds are a girls best friend” thing being spread in advertisements.

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