From BarChart:
BREAKING 🚨: Diamonds
— Barchart (@Barchart) September 2, 2025
Diamonds may be a girl's best friend but they're your portfolio's worst nightmare. Prices have fallen to their lowest level this century! pic.twitter.com/42dmfeGAn4
Common sense tells us that the only way to increase the value of
diamonds is to make them scarce, that is to reduce production.
Previously:
- "Have You Ever Tried to Sell a Diamond?"
- Is the Diamond Cartel Finished?
- End of the Oppenheimer Era at DeBeers: Nicky Oppenheimer on What the Family Will Do With the $5.1 Billion
- Commodities: Russia's Diamond Hoard Has the Potential to Crush the Diamond Market (or not)
- The Next Bauble: Diamond Record Set at Christies Geneva
- Paper Diamonds: How Do You Standardize Rocks So They'll Fit Inside An ETF Wrapper?
- You Thought the Rio Tinto Red Diamonds Were Baubles, You Dismissed the 118 Carat 'Perfect' Being Auctioned Tomorrow as Crass, Perhaps Monsieur et Madame Would be Interested In......The Pink Star
- Diamonds: Have You Been Depressed Since DeBeers Was Delisted? Hangdog Since Harry Winston Split? Cheer Up Bunky, There's Always Alrosa
- "Dirty Diamonds: How Post-Soviet Kleptocrats Looted Russia's Deep Diamond Deposits"
As things turned out, what with the collapse of prices with the demise of the international diamond cartel, they'd have been better off looting the Hermitage.
