I agree. I can't understand why the price of diamonds has not dropped. Obviously, there are powers that do not want that to happen.
It used to be or still is DeBeers. They had absolute control over the supply and sales of diamonds.
I read a long time ago that diamonds are not really that rare. After all, they’re just compressed carbon, a very comman element.
If it weren’t for DeBeers, the price of diamonds would be $50. a carat.
I could be wrong, I’m no expert.