11 Reviews
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 guiario rated 7 months agoconsumer-info - The only real value is labor. The accumulation of capital corresponds to the accumulation of value taken from workers.
- rolfsky rated 11 months agoconsumer-info, monopoly, diamonds
- From the page: "The diamond invention is far more than a monopoly for fixing diamond prices; it is a mechanism for converting tiny crystals of carbon into universally recognized tokens of wealth, power, and romance. "
- Shoc rated 14 months agoconsumer-info
- from the page: "have you ever tried to sell a diamond?"
- mhinze rated 24 months agoconsumer-info, economics, diamonds
- I have tried to sell a diamond, and let me tell you it's not a pleasant thing.
- abbynormal92243 rated 26 months agoconsumer-info
- From the page: "The diamond invention is far more than a monopoly for fixing diamond prices; it is a mechanism for converting tiny crystals of carbon into universally recognized tokens of wealth, power, and romance. To achieve this goal, De Beers had to control demand as well as supply. Both women and men had to be made to perceive diamonds not as marketable precious stones but as an inseparable part of courtship and married life. To stabilize the market, De Beers had to endow these stones with a sentiment that would inhibit the public from ever reselling them. The illusion had to be created that diamonds were forever -- "forever" in the sense that they should never be resold."
- throthrem rated 28 months agoconsumer-info
- From the page: "The diamond invention (the creation of the idea that diamonds are rare and valuable, and are essential signs of esteem) is a relatively recent development in the history of the diamond trade."
- Fidi rated 29 months agoconsumer-info
- From the page: "Have You Ever Tried to Sell a Diamond?"
Outdated article but excellent history on the diamond cartel. Obligatory reading for every young person considering marriage.
- louieK rated 33 months agoconsumer-info
- Creating & promoting the idea that "Diamonds are Forever" and are a symbol of love. Fascinating story of how advertisers manipulate us to push products.
- Scattycatty rated 33 months agoconsumer-info
- marketing is the work of the devil, but I always knew that considering where I work...
- ghelms rated 26 months agoconsumer-info
- From the page: "the creation of the idea that diamonds are rare and valuable, and are essential signs of esteem is a relatively recent development in the history of the diamond trade."
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