Exactly.
Diamonds are the worst investment ever. DeBeers warehouses truck loads of diamonds just to keep the price high.
De Beers Agrees To Guilty Plea To Re-enter the U.S. Market
"De Beers, the world's largest diamond producer, has agreed to plead guilty to criminal price fixing, a court official and a lawyer involved in the case said on Friday. "
The rise and fall of diamonds
By Edward Jay Epstein
An enjoyable history of diamonds and De Beers.
Ian Fleming was in it up to his neck!
The author posts his one-time bestseller online for free.
A bit old but not much, if anything has changed.
http://www.edwardjayepstein.com/diamond/prologue.htm