The Diamond Cartel: History's Greatest Monopoly
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- Опубликовано: 15 сен 2024
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The truth about diamonds
You’re Ernest Oppenhiemer in the jewelry business, and you have a monopoly over all the diamond mines in South Africa, the biggest diamond producer
De Beers was on top of the world
Diamonds make for great jewelry that the world is willing to top dollar for, they have industrial uses that no other materials can really replace, and you control the main area in the world where 90% diamonds are coming from
Everyone thought that diamonds are pretty rare, making them very valuable much like how gold is valuable
It’s becoming more apparent that diamonds aren’t really as rare as we thought
The economics of diamonds are looking pretty bleak, but you’re a very clever businessman so you’re not willing to quit
Shift your business from digging as many diamonds out of the ground as possible, to doing everything in your power to control how many diamonds come out of the ground
Turn your modest diamond operation into the most successful monopoly cartel the world has ever seen in the blood diamond trade
A cartel is a group of companies coming together to fix the price of a product so that the all cartel members get their fair share of the profits
Like how major oil countries come together as the cartel OPEC, to fix the price of crude oil, except with a diamond cartel
Once these locals catch on to how profitable the diamond trade is, they’ll started trading diamonds and smuggling it - do whatever is necessary to crush them
Now that you have the start of the supply chain under your grip, it’s time for the merchants
Since you control 90% of the world’s diamond output, merchants who want to buy raw diamonds can really only go to you
You can’t legally operate in the US, so set up shop in London where you’ll distribute raw diamonds to merchants
It’s the 1930’s, you’re making more money than ever but the people in you’re biggest market, the US, don’t really care about diamonds and your sales were pretty small
But jewelery is just that, a “nice-to-have,” a luxury that only people with extra money can afford
You need diamonds to symbolize something so evergreen that no matter how the economy was doing, no matter how rich or poor a person was, people would always need diamonds
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Jeweller here, glad somebody has brought this up in a pop culture space. I'm bored of making your unimaginative engagement rings.
😂😂😂 thanks Edward
Edward Coyle watch out I hope you stay safe of the diamond cartel
Any idea where I can get carbonado (black; carbon-infused) diamonds? My dad's a jeweler and I want to make him something
Just wonder what do you think an imaginative ring is?
You mean you want less business? Because you are bored?
Diamonds can be made artificially now. And they changed their marketing strategy to suggest that “naturally formed diamonds” are more valuable. There’s a reason diamonds cost way more than you can sell them for.
Wait tho there is another video by soup emporium explaining this. One of the things that is keeping diamond price up is still is because of the billions of people in China and India that can now afford diamonds in the past decade. That’s the main reason prices aren’t dropping even with the synthetic trade and the monopoly breaking up.
But we still haven't solved the biggest mystery: How the hell does Jake make so much great content so fast?
Nicholas McCarthy quarantine
@@timothysichone4109 Truth. Though I admit I haven't been nearly as productive.
He has slaves to do it since he runs a criminal empire.
@@noodles5438 Jake makes videos based on his experience
@@noodles5438 makes more sense,, obviously
Diamonds are intrinsically worthless for jewelry purposes, it's sick how we've been twisted to have the idea that diamonds are accepted as crazy expensive.
Diamonds are expensive because of its perceived rarity but just like oil we know that price cartels keep the supply low to jack up the value
I highly disagree. Yes diamonds are way more expensive than they are actually worth but they do have jewelry purposes. First of all, they have very desirable optical qualities which causes them to reflect and scatter light in ways that you don't see in other gemstones. Also they are very scratch resistant which causes them to have a much longer lifespan.
Mr. Fantastic Scratch proof*, unless there's another diamond.
Mr. Fantastic It can be said the same with other gemstones, many gemstones can scatter light in which diamonds can’t. One of the main process that made it have desirable optical properties is mostly the cutting process, and bits of impurities (you can achieve similar optical properties by properly cutting glass with lead mixed in it, non experts won’t even realize it). One more, scratch resistant doesn’t necessarily mean it’ll last longer. Diamonds have a pretty high hardness and strength quality but a low toughness quality, meaning it’s easy to fracture (even a mere stong hold of a tweezer can break the culet/tip)
@@mr.fantastic4403 wow, so useful. Jewellery is worthless
The edge that OPEC has over diamond cartels:
Oil is actually useful.
true
Diamonds are definitely useful as an industrial material because they are so hard and durable, they're used for blades on saws to cut shit, grinding stuff etc.. But you can just synthesize those diamonds.
no its not oil as fuel was marketed by America beacuse they had just found oil fileds in america with a hope for monopoly they standardized oil fuel powered engines when there were steam water electricity powered options available
@Zoopesh Haerdie
But oil isn't only used as fuel for vehicles and aircraft.
Oil is also used to manufacture different forms of plastic, to which the world is currently addicted to. Alas, as long as there is demand for plastic, oil is extremely useful.
Furthermore, oil is also used to synthesize paint, provide lubrication for mechanical purposes, synthesize tar in road construction, and much more.
@Zoopesh Haerdie I sure hope your phone doesn't use any plastic in it....and I hope you don't own a car, leaving aside the gasoline, the car oil, the plastics, your tires are also made out of oil.
"History's Greatest Monopoly"? How dare you disrespect the East India Company like that.
Actually the Federal reserve is the greatest monopoly
@@robsonf6683 I was about to be like "What do they have a monopoly over?" Oh yeah, money
@@percsie3072 I’ll look into it
@Kakashi Hatake BTW Big Pharma is an ailing industry. Researching as well as Mfg the new drugs have become financially unviable for all the big firms. The smaller CRAMS and CDMO players are making the big money.
@Haku Yuki Big pharma is only monopoly in USA
Diamond are so valuable cuz of the beautiful MARKETING,
Power of branding
It is what it is
Varad Joshi yes that is What the video is about, you are very observing lol
yas
Buy Gold, lol
Marketing of course but labour too. Don’t forget many new mines are in the middle of nowhere , just logistics on its own costs a fortune. Many many more other costs associated toi
all the other ("nwo') monopolies: it is what it is *in harmony*
When my wife and I were 19 many years ago, we got her a special made 5k$ engagement ring. I know it’s all a scam, but it’s something she still loves and wears to this day. It is a nice ring. Luckily though that’s the only one she ever wanted, and I didn’t have to buy a set or some shit. She has been happy with just that one that we bought when we were 19.
Shame too, cause diamonds are actually better used for other things like drill tips and shit. 🤷♂️
I think I’m going to ask a jeweler to make a custom ring. Something not diamond. Something made of other gems that make something interesting and personal for her and us.
What do you think about that? I think my girl might appreciate that. Since we’ve both known the bullshit of the diamond industry for many years.
Good for you man. Hope you’ve had a good marriage 👍
its bittersweet
Well it's not about the diamond ring ... It's about the person you have given it to ..
broderick kurtz oh def bud, I do support it. If you guys are talking engagement, take her out looking with you. She might even want one built special.
Another type of gem would be even better. Doesn’t have to be diamond. Can be anything she would want to wear.
My wife and I have been together 23 years. She is an amazing woman, and an amazing person. I hope you found your someone bud. Cause it does make life worth it when you have someone to really share it with
broderick kurtz emeralds are rarer than diamonds and actually valuable
I'm curious how many movies you've seen to have so many relevant clips. Great stuff as always man!
He is a man of culture.
😂 thanks guys
Mostly James Bond XD
Man, those *narcos* scenes fit seemlessly!
Same
during ww2 when we really needed diamonds as cutting tools for manufacturing, de beers declined to supply them because they wanted to keep prices artificially high. now diamonds can be synthesized.
Imagine mining for hours in minecraft and when you get out with your diamonds, some guys beat you almost to death and you end up in prision for beign part of a black market
😂
Or picking up those purple flowers for “potions” 💊
Netherite then! xD
"you're finally awake"
In a twisted way De Beers actually did make diamonds perfect for engagement and wedding rings. What better thing to give a lover than something that completely loses its value the moment they want to end the relationship.
Diamonds = Love
🤯My mind is literally blown right now. One of the greatest bits of propaganda in our recent history
Advertising= Power
true genius lol
Keep telling a lie enough times and people start believing it
It’s literally been like that since ever. The Egyptian pharoahs had them and so many other ancient couples
Cristiano Messi Lol no, don’t believe everything ads tell you, also the marketing campaign of diamonds=love was to convince people who were not filthy rich that they needed to have diamonds too.
"Diamonds are a rare and precious commodity!"
Lab-made Diamonds: *Allow us to introduce ourselves*
I wonder if this monopoly will try to kill off lab made diamonds
@@codyzumr4040 The corporate chokehold De Beers had over the industry has been relinquished to a large degree as Jake mentioned in the video, they have to market their own brand of diamond just like everyone else now and the prices will continue to fall. Diamonds are also pretty common throughout the universe, within the next hundred years or so they'll begin to mine diamonds on asteroids as well, that'll be a huge industry too.
@@kingali1606 would that even be legal? Mining asteroids?
@@codyzumr4040 nah, the subjetive matter deals with It no problem. There is allways the "bUt It'S NoT nAtUrAl" factor when giving these as "gift for demosntration of love" or the mindset that "iF iT iS mAnUfAcTuReD iT iSn'T pUrE", even while a diamont miner could only dream to ever find a diamond as pure as the average Man-made one.
Cubic Zirconium! You want a really rare a forever lasting engagement ring? Then get a anti plutonium ring. It's expensive truly rare and lasts much longer than diamonds.
well it kind of makes sense seeing how rappers be having a million diamonds in a watch and a trillion in a chain
yas
As a rapper, I find this offensive
@@kingali1606 That better be ironic bro!
the ironic thing is they still pay full price for it, although as long as the facade is kept up I guess it makes sense? lol
@@LancesArmorStriking Lol, i'm a rapper and I can say that the "flex" is totally overrated. So many rappers and athletes have gone broke over stupid items that are totally worthless
When are we getting "The Economics Of Human Trafficking"? Asking for a friend 👮
King Ali chinese organ harvesting
i too want my friend's organs... but its for a hunger problem
tonybalongna the boogeyman wants some of what you got
Human trafficking and organ harvesting would be awesome.
Too dark for Tran
I love how your videos are basically mini docs about topics similar to dirty money on netflix, but you put the twist on it and frame it from a perspective on how to do it.
THANKS MAN!!
Yes I learned this in Year 11-12 in High school from my economics class- had a lit teacher who not just taught us but made us questions many things. Thank-you Jake for this video
That’s a rare kind of teacher these days.
@@Imissthefuhrer fr
I just discovered this channel and I'm absolutley blown away. I have binged at least 10 vids and loved each and every one. Great job Jake. You've earned a new sub.
THANKS MAN!!
@@jaketran Can I give you a video suggestion? If you don't mind.
Plot Twist: Jake is actually the most top dog Criminal in the world and he's warning he's future enemies by making these videos to show the public what there doing
These videos are changing my views on society, slowly but surely
😈
Joker moment
😂👌🏾 soon all eyes will be wide open.
Peacezenlove on IG
try illuminati videos. u'll Change faster
It’s just confirming my views
Great video. Now I see why Steve Jobs was so persistent on not allowing anyone but authorized dealers sell Apple products. The last minute of the video explains his mindset.
The best part about this strategy is that even though it is relatively common knowledge that DeBeers has incredibly shady practices, the diamond ring is so engrained in our culture, that it practically sells itself now. A fool and his money are soon parted....
Yee...
ikr! crazy
Wow, I remember seeing your channel way back when you were not so big, really great to see how high-quality content you make nowadays. 100% deserved your amazing growth,keep it up!
THANKS DUDE!!
You've been maintaining the same high level of quality yet somehow I feel like you just keep getting better. Good stuff man!
THANKS MAN!! I had my doubts about this video but people are liking it
I'm really worried about Jake Tran's safety, I wouldn't be surprised to hear that he "disappeared"
We're taught this in school here in South Africa
Jake didn't kill himself by crushing himself .
So many suspects though
@@profpuffofficial2 lucky
they don't make people Disappeared. they make people "suicide" to shut them up
If I ever get proposed to with a diamond ring, I'm making them return it.
Don't worry, you won't
lmao!
Rather take a tansanite or something thats really rare
Wp Padparadscha Sri Lanka
You gonna make em loose money . Used diamonds sell for dirt .
You are a great content creator. I can't describe the quality of your work in words but it's great to have such informative videos presented in a very entertaining matter. It's clear that you enjoy what you do and I greatly commend you for finding your niche in this platform. I wish nothing but the best for you in the future and thanks again for your work.
Jake mate I am proud to have been among your first supporters, seeing your meteoric rise is amazing. It makes me feel like an early seed investor of sorts, and that gives me pride. You are a rockstar.
THANKS DHIA! you're an OG 😉
Haven't finished the vid. But The same thing happened when Spain first sailed west and found South America. They found more Gold and Silver in South America than they ever did in Europe. Since gold and silver was literal currency back then, when they brought it home, everyone's money essentially became worthless and eventually the inflation spread from Spain all across Europe due to the growing amount of trade, urbanization and population during the time. The price of goods increased 6x the amount in just 100 years, which is small compared to modern "controlled inflation" but it was devastatingly high back then. It's called the "Great Price Revolution" and "Spanish Price revolution" if your curious. Okay I finished the video and, the same thing didn't happen, the Spanish didn't hold the gold and create a genius marketing strategy around it, I don't think they could if they wanted since gold was the currency back then and diamonds were a commodity in this case
i'll check it out!
Don Tran, I come to you on the day of your daughter's wedding to say I love your channel and offer my support.
lmao thank you mafioso
Always blown away by the high-quality research, editing, and choice of language from Jake. Top-notch video as always
I was listening to Bill Burrs Podcast once
He said the most intelligent thing about the diamonds that clearly explains why people still continue to buy this overhyped lump of carbon
He points out how artificial diamond are cheaper and has higher clarity than natural ones but most women will force their boyfriend to buy natural ones because its never about the diamond itself
Women wanna judge someones worthiness and decide if he is gonna be a good provider or not through diamond
Even if it ain't overt ,its in their subconscious
They be like if this fool can spend half a years worth of salary on this thing just to be with me I am financially secured
Not saying I agree or disagree with this point of view but it does make a lot of sense if you think about it
yes it does!
Bill is right , always listen to BILL !
fantastic
GihKaL you’re a true simp dropping half a year’s pay on a ring
The thing about women and jewelry tho is it was a form of collateral especially when women weren't allowed to own property, so of they ever had a need for money they could sell the jewelry yhey were gifted, ofc there was always a thing of showing off your wealth by buying your wife expensive jewelry, it's not only a case of women being materialistic, it's good investment :)
Simple solution: buy a different gemstone that isn't a scam
Well, that's what Warren Buffet calls a moat
true
@@giacomomondonico8421 cold me: buy the stock. my conscience: dig shit on them
lmao! absolutely
What is a moat ?
HUSTLE HUB what’s a moat
Its so weird that for decades people have asscoiated diamonds with love but they all forget that diamonds are cover with blood.
the 14 dislikes are from 14 of the 200 sightholders.
😂😂😂
Now 242
I found your channel literal hours ago. I do not subscribe to very many channels, and the ones I do subscribe to, rarely get the level of excitement I'm experiencing watching your previous few videos. Your video essays are so well put together and written, I've felt engaged on each of the topics present. Congratulations Jake, I look forward to your next video.
Wow, thank you!!
Paid 7k for a used engagement ring and had the main diamond put on a band with both our Grandmother's gems. My wife has knocked the main diamond out 3 times over 3yrs...but we've only found it twice. Could've kept the Tesla stocks I sold to buy it and bought her a Tesla instead
As a guy whose economy lives off diamond sales, I thank you for your detrimental decision 😂
"Diamonds. She'll pretty much have to."
Family guy! Lol.
Nice
Can you do something about how france is still "colonizing" africa
good idea!
This comment right here.
The CAF and the gold mines of Burkina Faso where kids are sent down shafts... The French just can’t let go of their colonial fantasies.
If anything Africa is invading France
@@why.9554 oof
@@why.9554 everything comes full circle 🤷🏾♂️
This is good stuff Jake! Maan, can’t believe you had a 100k subs plus a year ago, now it’s reaching 1 mill real soon! Love the time, effort and energy you put in way before seeing the glory. That’s true commitment. Much love 🙏
Also take a look at Moissanite! It's equivalent to diamonds in strength and sparkliness, for a fraction of the price and a more ethical supply chain
Dude. Been binging your videos lately. Really good stuff. Keep it coming!
All right, this all makes sense, but why is diamonds still so expensive when the monopoly is gone, and the giant supply of diamonds continue?
OMG.. First time I watched this video there were only 140k subs. Now you got 1.82M subs. Congrats, man! Keep on keepin' on!
i like how he showed clips of uncut gems when in the movie its about an opal.
its a good movie lol
Hey Jake ! Just wanted to comment that I’ve been religiously watching your content everyday since I’ve discovered you last week. It started really randomly, I was doing my hair and I wanted something to play in the background, come to find out your content was really interesting so I watched the next and next and next. And honestly I can say no other RUclipsr since D’Angelo Wallace has been able to get me this hooked to their content so honestly good work ! Keep it up ! 💗
proud to say, there's not a single diamond in my family. going back at least 4 generations, my family doesn't support these criminals
Bro you are a total genius. I got married last year and bought a lab grown diamond. This video was very insightful and I greatly appreciate it. looking forward to more of your content in the future.
Once again great video Jake! So entertaining and informative! Subscriber for life! p.s. I’m writing my first memoir book and I’m gonna write about you (pseudonym will be used) and let my readers know how much of a creative genius you are. Thank you. - Hunter
Love the consistency
Every upload I've seen so far is interesting content and well narrated
I mostly listen in the background so I can't comment on how your editing is but keep it up
Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free
Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free
You don't make money on forex or crypto by holding your coins rather you trade to make gain.
Assets that can make you wealthy
Gold
Crypto
Stock
Real estate
@@dannysamuel4056 When you invest in crypto you are buying a day you don't need to work.
Wish I knew about crypto trading earlier.stock is good but crypto is better. Brace up and get yourself a bitcoin before it's too late.
I love your videos. I also love how you tell people "you can dislike and unsub whenever you want," as if it's a free service you, Jake Tran, are providing. Ruthless marketing. I'm not hating. Respect.
😈
Diamonds aren’t forever, diamond hands are
Very interesting and accurate. I'm from Kimberley South Africa where De Beers started and yeah it's very crazy my whole family worked for De Beers and I live in a house built by De Beers.
maybe theres a diamond stash somewhere there
THANKS MAN!!
@@notanonymous3976 xD
Diamonds are a very interesting thing.... It's just a rock from the earth lol. There's no real use for it, other than it being somewhat rare relatively speaking.
It's only real use is in machinery thanks to its hardness. But those can be made in a factory
well, it's still the hardest rock. it's great for saws and alike. also it's one of the best heat conductors. so it has uses, but today we can create artificial diamonds.
Даниил Рабинович diamonds aren’t a rock though, it’s a mineral.
Industrial uses
Electronics use small diamonds as well.
Love your content man, you are well spoken and very educated. I really appreciate that.
I’m surprised he didn’t talk about how people have wear houses full of diamonds
im 12 and commie
@@zinthos99 well good for you bro
This is one of the best new channels and combines two of youtubes largest topics: Politics/Economics and film!
THANKS DUDE!!
If anyone is interested in studying this more in depth, I recommend this book... Diamond: A History of a Cold Blooded Love Affair by Matthew Hart. Fascinating read. I couldn't put it down.
U instill wisdom my friend.
I appreciate you.
THANKS DUDE!!
Let's be honest we are all waiting for...
"Why Jake Tran is beating the RUclips algorithm...."
His growth in the past few months has been insane!! Great videos keep it up!!
😂 i know its been crazy
Because China helps him 👍
Holy shit man. This is QUALITY. You REALLY, seriously, taught me a lot about diamonds. I haven't learned any subject so easily like this before. Thank you man. I love learning and you made me engaged.
Finally, I always wanted to be Ernst! Keep up the good work M8.
THANKS MAN!!
First off, congrats on 100k.
Been learning & getting entertained a tonne by these.
Curious, what fonts are you using for the text overlays?
"Create an exclusive group of people that can order from you to increase the value" ~ this was golden (or should I say diamond #cringe).
Capitalizing on the strongest human emotions is a sure way to increase perceived value, loved how clear you made that in this one.
PS. This is a bit longer than my usual comment so hopefully you don't mind :3
How boomerssee diamonds: Love
How I see diamonds: *Minecraft*
My new favorite channel, gonna have to join the discord too. Great stuff man, also saw your old video where you wrote down your goals twice a day for over a year, great to see this channel has grown.
THANKS MAN!!
Jake Tran. There are diamond cartels and you've been lied to.
Diamond cartels: hold up?
Oil cartels: hold up?
Drug cartels: Sostener?
Oil industry telling you oil is not everlasting, is one of the greatest cons in history. They've been saying this since they discovered it.
I knew all this and still bought my wife a diamond ring. Why? Because of the judgement you will get from the Girlfriends and Family if you don't. Wish I would have had the courage to go against my programming lol.
😂😂😂 i feel you
neighbors and mother-in-law prejudice is the hardest thing in the world loll
same like vaccine
Just get a backbone
That's right, be a conformist for a fake manufactured "tradition."
I once had a conversation with a local jeweller who told me that back in the 70's when he was going to school to be a jeweller, he learned that General Electric had recently created and patented the first method of lab-growing diamonds. Shortly after the patent was filed, DeBeers bought it from GE and sat on it until it expired, which is why they're only recently becoming a thing. He sold both lab-grown and mined diamonds and routinely encouraged young couples to save money on diamonds by purchasing lab-grown ones. Since my fiancée wouldn't be persuaded to have an actually valuable gemstone in her ring, I bought a lab-grown diamond for a fraction of the cost of a mined one and we're still quite happy with it.
They really kept it up tho, The oppenhiemers are still billionaires
I‘m so angry right now because so many people don‘t know this. Share this video to everyone.
this should be interesting. watching from country with the world's most valuable diamond mine, our economy was built on diamonds #Botswana
EDIT; watched. as someone who studied procurement and management, and as someone who has looked into the industry and being a citizen of my country id say this video is 98% accurate. the company really does have challenges, the supply chain is being disrupted and the lab grown diamonds are a challenge even though the company is starting to produce its own, basically the company is matching every form of disruption, they cant take them out and well see how things go in the next 30yrs. i actually hope to work for it. dont you just love marketing LOL
thanks for sharing your insight!
I recently discovered this chhanel and I am watching your videos back to back. Thanks for great content.
Rothchild. No more needs to be Said.
IMHO you are the most underrated youtuber. You deserve a million subscribers. Shine bright like a diamond
👏👏👏👏👏 Jake, u never disappoint. I can't wait for you to reach 1 million subscribers. Hope they don't kill u before that😅
In India gold falls in similar bucket as diamond. State may have a use of gold but families here are obsessed with gold. I hope if you do an episode on gold, you'll shed some light on private ownership of gold in India
I am fairly certain everyone knows how worthless diamonds actually are, just that is not the point of it, rather years of advertisement has made it sort of into a part of our culture.
Your channel is the secret diamond mine that I found in the vast diverse landscape that is RUclips.
Keep up the good work Jake much appreciated 👍.
So basically it’s just like Susan controlling RUclips 🙃
ayy
BIG SAD .
Damn, your edits and research is astounding! I'm always impressed by your video!
My Girl is getting a lump of coal on our engagement
Lump of coal, some steel plates, and high explosives.
I would listen your voice for a day Or week such a calming and soothing voice brother keep it up
Thank you so much 😀
thank god im seeing this when im young so future me will have an excuse not to buy a pointless ring for my future girlfreind,even know i dont even have freinds anymore though ;(
This is the second video u made that I watched for the first time today, I'm amazed at your content, congratulations you earned a new subscriber and viewer
THANKS DUDE!!
I've always wanted to invest in forex/stock trading, after a few trials I realized that trading without a good mentor and guidance is a waste of time and money.
Despite the rampant scams among account Managers, i highly recommend that as beginner, you should find a good expert trader to help and guide you through the beginners phase of forex trading so that you don't lose money and Mr Andy Calistoga is a trusted man i can recommend
Mr Andy is simply out of this world, this is the second withdrawal in less than two weeks. $16,300 already made, i am very happy i made that decision.
Honesty and trust means a lot to me that's why I still trade with Mr Andy. It's been 7months now and I haven't had reasons to doubt his competence. Traders/Account managers like him are hard to come by.
(Andycali924 @ yahoo çom)
You've achieved your goal 👏 The world is curious. Appreciate you bro 🙏
Fun fact you cant spell Jewelry without Jew
absolutely hilarious wow
Well, diamonds actually don’t exist wherever there’s carbon. Otherwise you might think you’d find tons in coal. They’re almost always found in association with kimberlite pipes. They have been also found sometimes around impact craters. You need carbon AND high pressures and temperatures.
I've been having this debate with my gf for years now and she still wants the biggest most expensive rock even after I showed her the truth. That's how you know it's really the best marketing campaign of all time...
crazy good marketing lol
Not the best person to be on your side for the rest of your life. I wouldn't never double down on this, because if she has a vulnerable mind which can be this much influenced by marketing, this may not be the only propaganda she is influenced by, and if you double down on one thing, she may not stop there... that's the power of marketing.
If she’s concerned about the ring being personal or something, why not get a second hand ring but get the diamond set into a new band by a jeweler?
I knew about the DeBeers and their monopoly but I still learned much more. I love this content!
thanks for watching!!
Their biggest downfall is that they spent diamonds on a hoe
Hey Jake. Great video as always.
Can you make something about rare earth elements and the Chinese monopoly of the market?
Thank you for these videos.
Great suggestion!
I wonder if 'blood diamonds' were just a tactic to keep third-party suppliers off the market.
Okay popular opinion but Jake is one of the best channels in the financial space right now, he's killing it
THANKS DUDE!! means a ton
these are quality videos , big quality videos , good job man
OH i finally figured out who you remind me of,
LEMMiNO, the same style, high-quality content, and a slow but precise upload schedule.
Keep up the good work!
LEMMiNO is a true master lol