The TRUTH About How De Beers Manipulated Price of Diamonds
ฝัง
- เผยแพร่เมื่อ 19 มิ.ย. 2024
- Patrick Bet-David explains what is potentially the biggest scam and most successful marketing campaign of all time. The De Beers diamond story.
Purchase one (1) new Future Looks Bright T-Shirt & one (1) Future Looks Bright Hat and you could win a signed baseball from Trevor Bauer or a signed boxing glove from Ryan Garcia: bit.ly/3SOzA66
Connect one-on-one with the right expert to get the answers you need with Minnect: bit.ly/3MC9IXE
Purchase Patrick's new book "Choose Your Enemies Wisely": bit.ly/41bTtGD
Register to win a Valuetainment Boss Set (valued at over $350): bit.ly/41PrSLW
Get best-in-class business advice with Bet-David Consulting: bit.ly/40oUafz
Visit VT.com for the latest news and insights from the world of politics, business and entertainment: bit.ly/472R3Mz
Visit Valuetainment University for the best courses online for entrepreneurs: bit.ly/47gKVA0
Text “PODCAST” to 310-340-1132 to get the latest updates in real-time!
SUBSCRIBE TO:
@VALUETAINMENT
@vtsoscast
@ValuetainmentComedy
@bizdocpodcast
@theunusualsuspectspodcast
Want to be clear on your next 5 business moves? bit.ly/3Qzrj3m
Join the channel to get exclusive access to perks: bit.ly/3Q9rSQL
Download the podcasts on all your favorite platforms bit.ly/3sFAW4N
Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. - บันเทิง
![ทัศนศึกษาโรงงานผลิตโค้ก [THAI/ENG SUB]](http://i.ytimg.com/vi/M9y-TJBNem0/mqdefault.jpg)
My Wife and i just got married her ring was a beautiful 3 diamond ring 1 bigger 2 smaller lab grown for less than $2000. Im blessed to say my Wife was raised well by a hard working father who took care of 4 girls and a stay at home Mom. She is not materialistic , frugal, budgets her money well and would rather save that money and travel and spend it on memories. When you find a woman like that cherish her each and every day ❤ I’m lucky fortunate and blessed.
It should have cost about $200.
@@networth00 at least I didn’t pay over 5k haha I’d rather invest that money towards our future 😎
I bought my wife a cubic zirconium ring for $100, put the money we saved on a house, that went up $10,000 the first year we were married. Now we are millionaires. Good luck to you and may you have happiness together.
@@jackgoldman1 that’s awesome man a couple that can be on the same page financially is an almost unstoppable couple. Usually one or the other have money issues. When both value saving investing that couple more than likely will achieve great wealth.
We are retired, well off, and happy with four houses and a million dollars in savings. It can be done. Thankfully my wife was a health care professional, a certified nurse midwife. I was a home builder. We are retiree now. Protect yourself. @@gzfashions
I've known this for years. They release only so many diamonds per year from the stockpile of diamonds. (It's a supply and demand tactic) if they were to release all the diamonds they had the price of diamonds would plummet. Because the supply would exceed the demand and the price would drop.
They play everybody for fools.
Give me cash for groceries screw the diamonds.
Same happens with oil, it's all planned out, they keep tankers off shore for weeks, while the media lies to us that oil is scarce. It's all tactics and lies to increase the price per barrel, and lets not forget, it's all about the elites making money in the stock market.
yeah i thought this was old news I heard about this over 15 years ago. I guise its good to remind everyone from time to time. the only diamonds i by are on concrete cutting blades lol
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
@strategisteleanor
THAT IS HER USER NAME
4:28 Is the stock market actually getting better or is this the regular end of year market manipulation to entice new investors, I'm currently sitting on an inheritance of 300k and i'm wondering do I invest in stocks or Gold?
Even while $300k mightt seem like much, one bad decision might seriously deplete it. As such, exercise extreme caution in where and how you invest. It is advisable to diversify while retaining 70-80% in secure investments. Along with your budget, you should think about financial advising.
Its unclear which stocks and sectors will lead the market in the next uptrend. Stay away from rebalancing if you do not have guidance from an Advsr and investment strategist. My finances have been in order since I got an Advsr like Monica Mary Strigle working with/for me.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Diamonds are just a shiny rock with a marketing scheme attached to them. Lab-made all the way!
They are also sourced for peanuts under unacceptable labor conditions
They don't just do it with diamonds, they also do it with food. Putting farmers on contracts and refusing to allow them to sell excess of their contract. Billions of gallons of milk, and tons of food trashed, so they can keep the price up.
Two guys above tricked by an ai bot
ya instead of paying 5K you pay 3K for even cheaper sourcing. LMFAO
are you talking about etherum or diamonds?
I told my husband don’t buy me a diamond ring. I need a horse trailer.
You are a good wife and you got a good husband.
>a horse trailer
made of diamonds?😉
Smart lady😅
Are you married to a cowboy 😅
😂😂😂
I chose a cheaper ring because we still had to buy a washer, dryer and refrigerator
It's the Asking, the marriages & the Symbol of the Ring that means the most & I'm betting she really likes having the appliances too!
@@wendymcclanahan8719women's opinions hahaha
If your woman demands a diamond, find a different one.
The biggest scam of all time is Adam convincing Pbd that he belongs on his podcasts..
FACTS. 😂
Adam brags about his friend with a private jet
Adam always brings a different viewpoint and plays devils advocate alot. Podcast like PBD’s are always better off when they have a person challenging the majority viewpoint.
@@tushsued908it should be an intelligent debate not a midwits perspective.
@@gene8675 Close to impossible to find a center left Joe support that fits that caliber.. at least Adam sometimes admits when he is incorrect unlike others for mr joe
I got my wife a gold wedding band and we have been married 44 years you don’t need 15k just a hundred bucks
My 2 colleagues bout $30K wedding rings each. I bought my wife $600 ring.... Their marriages lasted less than 2 years, meanwhile me and my wife have been married for 9 years now
@@petersmangalisongoma2013 $30K red flagged from the start, they got diamond-gold diggers!
very true . . . . . when I worked for Diamonds international they explained the industry too me . . . . . . . its a giant monoply
The old stories of India said they used to have diamonds on sale in the same way people had fruit carts on the side of the road. That's why the biggest diamond in the world was found by the British as a paperweight in some Indian politicians desks.
These beers bro, they really tricked us, gold is more rare than diamonds yet cheaper
gold has even underperformed leggo bricks as an investment
@@grimaffiliations3671what about that fake paper you are holding 32 trillion of them have already been printed and more are being printed every day.
What we see with beers is a classic example of why monopolies are bad. If the supply & production of a commodity is entirely under one provider then said provider can charge as much as they wish, I mean what are u gonna do? Go to elsewhere 😂😂😂. This is why u see memes like the 10,000 usd on things like oil facets, when suppliers are limited so are ur options so u end being extorted by a cabal of providers.
@@grimaffiliations3671says you. The ones who had ounces upon ounces of gold since the 70s made way more money than diamond dealers
Beer googles man taken many a great man down
I'm so happy I never put pressure on my husband to buy crap that doesn't matter. I have a ruby ring, which ended up being cheaper than the majority of diamond rings. I don't have a second ring. It's just one beautiful ring. We don't like to go with the crowd. I love my ring.
Rubies are much rarer. Even more when it is untreated.
Who cares about the Crowd and what they think!
@kingston163 exactly my point 😊
As a South African this is old news to me. The Oppenheimers, the largest individual shareholders in De Beers (part of Anglo American) for 70+ years has parleyed their marketing into a mulity billion dollar fortune which makes them the wealthiest family in South Africa. They and the Rupert family kind of trade places on that one every couple of years.
And they have connections with Rothschilds.
I’m currently shopping for diamond rings. My better half and I are going lab grown all the way. The old guard is dying. It’s stupid to pay more for worse quality.
Why not go vintage? There are Many beautiful rings out there. Get a deal😉
@@QueenofArgyle2525 I had not thought of that. I guess I had just assumed that those prices would reflect the inflated legacy diamond market.
Smart move. I found a heck of a deal. My fiancé is still excited about the ring to this day. Go lab!
gemstone rings - sapphires, rubies and spinels are a very good alternative too. Every gemstone is unique - unlike diamonds and they are all hard enough for everyday wear as wedding/engagement ring.
Diamonds are made of carbon there's as much carbon on earth than water. Patrick with 5 million subscribers is pissing off all the diamond dealers of the world with this 10 minute video. Patrick is 100% correct diamonds have been a fraud. Go buy a diamond today for 50k then try to sell it tomorrow you're lucky if you get 5k for it. Gold is by far a better investment
Good talk Pat. I once worked at in DeBeers diamond mine in Ontario Canada. Couldn't help learning the history of this company considering some negative business practices that they we're being accused of in Africa. What I found out was pretty much what you shared in this video. Hell of a marketing plan. I spoke with the on site geologists and crew, and they said the found close to 7x the amount of veins than originally scouted. On top of that, so many other precious metals and gems untapped. I couldn't help but to recognize the glare in their eyes..lol..it was a great experience working there though. Keep up the good work.
Black opal is more rare. Id go black opal all day over crappy diamonds.
I love precious and semi precious stones but Black opal is butt ugly
If you think opal is ugly I don’t know what to tell you. They are by far the most gorgeous gem stones in the world. It’s like looking into a galaxy. It’s the only gemstone that I’m drawn to. I couldn’t care less about any other stone, but something about opal im just attracted to. Even cheap Ethiopian opal is beautiful. Black opal is something else though. They’re magical.
I've watched aussie opal hunters and they are a beautiful stone
black opal is rare, but not suitable for everyday wedding ring. too soft. I would not even use emerald as a wedding ring. Too soft - and salt water is bad for emerald, cause it will dry out the oil. So the woman cant even take it to the beach. I would not go under 8 of hardness scale for wedding ring. Emerald is 7-7,5. Rubies, sapphires - 9 and spinels - 8 all the way. If you dont know about spinel, check it out = very underrated gemstone. But the last couple of years, its value is increasing drastically.
Boulder (blue) opal isn't as rare but I think it's the most beautiful.
I went to a pawn shop. Bought a ring i liked at a fraction of the price. Still more than rocks are worth, but i got a beefy gold setting. I knew the marketing and fancy schemes on stones. Prefer rubies or emeralds myself, but I still think diamonds are pretty. If you go in with cash, and willing to walk away without a price you like, you can get a decent price. Any more, the value is in the gold more than diamond. My son works at a cash for gold store. They can't tell real from fake stones, so they won't give you any value for them. Its all gold weight. He said they have a drawer of stones.
Great video, Pat, and your’e going to need additional private security after releasing this one no joke
Saw a you tube video on this about 12 years ago. Glad to see someone covering this.
Women who require expensive crap are shameful. I have a simple ring, I fully regret the diamond in it though bc they're always falling out and we got the "protection plan" that while it does cover the lost diamonds, I have to take it into Zales every 6 months for check ups and that alone is enough for me to want to sell this thing. I don't appreciate having to be chained down by the insurance. They're just waiting on me to forget to take it in so it voids the insurance.
What if you take the old one out and sell it or keep it somewhere safe, and put in a Moissonite instead?
You need a better setting made of platinum. Some settings are junk.
Is there any up side to “losing’ it?
problem is even if you tell a woman this,they will still want that diamond. cause the scam worked,its about social status for them. they want their friends n family to know "he likes meee this muchhh".
find better woman
That’s why I just bought my wife, a Cartier bracelet, without Diamonds 😝. Going to let her watch this video, so she knows that I’m smart and didn’t fall for Marketing… 🤔😭😭😭
Still not a ton of gold in the cartier jewelry. Go for solid gold pieces, worth more and prettier.
That’s not smart 😂😂😂😂
Good luck! 😂
Cartier is very expensive for what you get. Should have gone to Costco.
High level trolling 😂😂
Rothschild was so shameful. No character!
ROTHSCHILD and morals do not belong in the same sentence.
WAS? Nothing has changed, just expanded with the family.
A cheat & a liar - not a nice man in any way - raised his kids the same way.
Dont look at that piece of shit and the napoleonic wars, a true blood profiteer so it stands blood diamonds would be in thier briefcase somewhere.
he did the same for fossil fuels
I've been saying this for years, I never got the big deal about diamonds initially I just thought they were nice jewelry but had no other use outside of cutting and how could it cost so much. Well I noticed what happened with "used" diamonds and when they were resold, I did some research and did this as a project for a class and some people were enlightened others weren't happy and wanted to continue living the lie. Glad you're covering this I refuse to waste money on them, I've always said if you're gonna buy 1 get a lab made it's in a controlled setting which can ensure all the features you want and you're not supporting those slave mines
I thought Jewellery is for legit accomplished leaders Entertainers ie boxers and athletes because to me they look stupid wearing excessive gold and diamonds Jewellery. True patriots wear elements such as - obsidian, jade, turquoise etc. Diamonds are for women as silver was for gladiators.
JUST LIKE OIL AND LAND
I was just about to mention - the Horrific Way & Dangers they forced African Slaves to "make their billions".
Tku for remembering them too!
(A) Earlier this morning I saw a video of Master P saying he was called fat, & he was shinning w/ real diamonds in a way difficult to recreate.
(B) It’s still a waste-w/ profits going to an industry directly tied to the predatory bnkr estbmt.
@@Facts-Over-Feelings*Frac Rsrv Bkng*
Thank you for letting people know the truth! It’s like buying a brand new vehicle, the moment you walk off the lot with it, it loses its value! Crazy ain’t it!!! What a scam!
I love the truth and facts that you speak. Keep it up bud.
Another explosive video!! 👏🏽👏🏽thank you!!
Also the first thing when anyone says when two people get engaged is, wow, look at that ring !!
Tells you how superficial society has become.
Thank you so much for the wisdom sir!👏
love these videos glad i found this channel a year ago
I read about this years ago, I love that you are doing this story.
I bought Moissanite earrings for my girlfriend with her full knowledge and she loves them. The color sparkles are crazy. Paying 5 times more for diamonds is nuts.
Y does her full knowledge matter? Rocks picked in the dirt by slaves isn't cool n it's so ingrained in ur brain to think so u need to defend giving what u obviously see as inferior.
They're marketing is good.
A lot of this information needs context.
1. Diamonds are just compressed carbon. So when they say there's trillions of tons of diamonds, yes, there's trillions of tons of compressed carbon to its most solid form, but it is rare for it to be naturally large enough to be a jewel. a less compressed form of carbon is coal, but you wouldn't say coal is abundant.
2. diamonds were associated with wealth through royalty for centuries before the campaign for romanticism in the 30s. As an example, a deck of cards for at least 300 years has 4 suits that represent royalty; clubs, and spades represent spears and swords of armies of a kingdom while hearts and diamonds represented wealth and love of the royalty. tarot cards would also show diamonds as meaning wealth.... but I'm unfamiliar with how far back they go.
3. Looking at crown jewels from history, you can see diamonds everywhere surrounding saphires and rubies, but starting in the 1890s, you see rubies surrounding large diamonds.... that's because Europeans started exploring the interior of Africa and discovered larger diamonds the size grapes as opposed to the ones the rest of the world traded in which were the size of sunflower seeds.
4. also if there's other elements within the diamond, it can hue the color of the diamond. iron, calcium gold, silver.... if there's a large enough concentration of these elements in the billion year pressuring process, you get blue diamonds, red diamonds, purple diamonds.
5. i worked with concrete, and were had diamonds blades to cut through extremely tough materials. it wasn't one large diamond, it was small diamonds powdering there tips of the blades. 20 years ago, before artificial diamonds were easier to make, these blades could cost hundreds of dollars. now, they're about fifty and almost universally manufactured diamonds.
6. on the morbid side, you can pay to have a loved one made into a diamond. all life on this planet is carbon based and there was a service a few years ago that could compress the carbon of a dead relative or pet into a diamond you could add to a ring and keep with you. crazy world we're on isn't it?
So diamonds naturally of a specific size and quality are extremely rare. it's like basketball players. if you are broad enough with these definition there's millions of basketball players in the world. Go to any gym or playground and you'll see a couple. but there's only one MJ.
In regards to antimatter; atoms are positive polarized protons and negative polorized electrons. Antimatter is a new experimental element with a positive charged electron and a negatively charged proton. it's made an atom at a time, that's why a gram would be that much. one gram of it would wipe out the planet.
Thank you.
Given to uncompressed carbon ie women. Ooh! Global warming too many carbon units (people) must be reduced by 7.5 Billion down to 0.5 Billion re Georgia Guidestones objective #1.
I did a study on them years ago and the findings were astonishing. The synthetic diamonds was a shocker also.
We have known this for ages here in South Africa ....great PDB to get it out there !!
So much is coming out that I have known for a long time. I wish I’d had the foresight to start a podcast way back then 🤦🏼♀️
I accidently read about this years ago! It blew me away - but try telling some women about it.
Princess Diana's ring, must have burnt the de beers badly! Lol
@@wendymcclanahan8719😂"Try telling women" is right!!! They are not trying to hear it!!!😅 The fashion, movie and music industries have convinced women that "The Ring" is the ultimate trophy! That would explain the current Divorce rate, it's perfectly logical. 🤔
The divorce is cause of the serpent, dont be mistaken@@markcarrell8053
ONLY ONE FAULT - The quadrillion tons of diamonds; is the diamonds on the ground and not Mined - and the swimming pools of gold is the gold that is available on the market after mined. (there are also quadrillions tons on gold "unmined" as well) - everything else spot on !!
The unmined gold on the ground is around 1/10 of the unmined diamonds, yet it is not minable at that point. The minable gold is scarce, around 50 tons, and will be mined in the next 20 or so years. Gold is still much rarer.
@@namabaentaras3911 Silver is better than both.
Lol, that is not correct. There is only 63,000 tons of unmined gold. And 206,000 tons have been already mined
it is a blessing to listen to your podcasts due to valuable information that you guys are putting together for us. Keep doing it 💪🙏
I knew it long ago. Thanks for sharing. Everyone should know.
I knew about this before…like many things overvalued so they make more and more money…
Great info, brother. Now I know I'm not the only one who heard Kanye mention this exact thing!
Yessss!!! Thank you for posting this video, Pat!!
PBD, Valutainment love the information you give us it covers so many fields. God bless you and your family 🙏🙏🙏💯.
My husband gave me an 120 year old rose cut diamond engagement ring. It’s just shy under a carat and set in stunning floral platinum filigree but its quality and brilliance outshines any modern cut diamond I’ve ever seen. It’s even more meaningful that my husband took the time to learn my style and hunt it down for me…and that it has a story from the past. He would’ve never gone to a place like Jared or Kay Jewelers. If you’re going to purchase diamonds, buy sustainable and buy vintage.
I hear you, I found an antique ring set, white gold. 20 years ago under a grand. It looks great and she’s not a gold digger. All in all I’d say shop around
I don’t want to wear someone’s else’s stuff their energy sticks to it!
@@silverlining6259your personal preference. Though I can tell you after five years of wearing my antique set, I’ve never felt any previous wearer’s “energy”.
My jeweler convinced my son to go man made on the engagement ring for his new wife. Half the price and flawless.
and fake...can you fake a meteorite...off course you can...hop into space
@@anthonyafonso3599 not fake. A real diamond. Do your research before you comment
Use faceted man made glass even cheaper and sparkles as well.
of course jewelers make alot more money selling labs than naturals .
10:39 Great video. Ive known this for a long time but great you are singing it from the rooftop. We think alike!
Thanks, the same, control the market and use marketing in combination applies to watches as well and as you should know...
It's funny because of the irony of it.
Such a pretty object. Such a slimey world.
The same can be said for oil, its not finite....,
came here to say "now do oil!" Same scam, same players
Wow that was a great information! Thank you for sharing it !
Thanks Patrick. As usual you are great again. Too late for me but good to know and sharing with my children
Best site to buy Moissanite jewellery?
You moissanite is becoming extremely popular for good reasons.
Yes! I am the first person to like this video and the first person to leave a comment. 😊
You commented a comment.
Way to go
Thank you PBD for giving some sound advice at the end. Love your show and I will share this diamond truth with others.
I salute you for doing this podcast. Seriously. Not because of the diamond scam but so much more that people need to be aware of .
“Build your relationship on substance, on investments.” 💯💯💯❤️❤️❤️🔥🔥🔥🙏🙏🙏
Most that are called 'investments' eg lottery tickets, etc are NOT investments for you but THEM!
This is very disheartening for people like us who are from Botswana 🇧🇼 the biggest rough diamond produce by value. Our country has been built from the revenues made from diamonds over the past 50+ years. It’s important that the world knows that natural diamonds are ethically sourced here and form the cornerstone of our economy and survival at large. The future is very bleak for the people of Botswana
farming and others don t worry
true so many think all diamonds are mined by slave children in africa and lab diamonds are more ethical .. how is it more ethical paying a slave in china than a well paid and trained botswanian or namibian.
I've heard bits and pieces of the fine points, only knew the overall story. Great breakdown, connected all the fragmented data I had before into one linear path.
True it is... God blèss you your family & your followers
So I guess the next thing I would want to know, is how did De Beers become so powerful that there is so little in competition?
That is self explanatory when you hear the name Rothchilds
He said it murder and kidnapping you know what these Devils do best
I do miss those beautiful De Beers commercials from the 90s, though
Isn’t it crazy-100 years earlier they were part of kicking-off a century+ of bnkr-made wars w/ a BoE-sponsored genozde of Boers
Isn’t it crazy-100 years earlier they were part of kicking-off a century+ of bnkr wars w/ a BoE-sponsored genzde of Brs.
This was mind-opening, this channel really earns its name of having both VALUE and ENTERTAINMENT🔥
i love u PAT, no one give the kind of value you do
Diamonds are one of the stupidest goddamn things on the planet
Those who have purchased them deserve them
Bitcoin is actual scarcity
You can actually buy hardware wallets now that have an NFC chip in them that allow you to store bitcoin digitally in a ring.
That’ll be the future. You could wear a ring that has $1 million worth of bitcoin on your finger.
Dumm
You can’t be serious?
Nobody knew about it. Now we know. Thanks
EXCELLENT video. Everyone in our consumer circus world should watch this.
I dabbled in out of my home jewelry business. I learned this long ago. They also set the ‘fashion’ therefore price of what gemstone will be “in” (higher priced) for the this season? I also learned that humans do not trust a normal price for jewelry, they prefer to pay the inflated jewelry store prices and brag about it. However Collecting excellent quality natural well cut diamonds can be a good investment if you do not pay over wholesale ! T can be done. Buy “used”, jewelry stores don’t pay squat for used jewelry and stones so YOU buy them!
Of course, it all leads back to the Rothschilds 😂
Who runs the world again?
Jesus King of kings ❤
@@wingheiwong7336 Jesus King of Da Juice
@@archiewilson4943 Desmosedici RR is da juice. Jesus is Lord!!! Love you brother 🇦🇺💯❤️😁
The ad agency for De Beers ran a brilliant television commercial campaign for about a decade that involved a black and white screen with silhouettes of the couple with the only image in color being the diamond ring. And of course, the iconic music where they used a symphony. I am a voice actor and lived in LA for 22 years. I actually booked the “new voice” of De Beers for their television commercial campaign in 1999 after several call-backs. It was the biggest commercial casting in LA at that time. I ended up doing 2 television commercials, but it was short lived, as the SAG commercial strike took place in 2000. The ad agency ended up replacing me with a non-union voice actor. I had no idea at that time how dirty the Diamond industry was.
Thank you for not stuffing any of your obnoxious ads in this one
Thanks for this video pat. Took a lot of pressure off of me 😂🥃🙏🏾
Thank you!!! Someone is speaking about it!!! Never got the value of diamonds (other than for drilling purposes)… also could you please do one on art (I can appreciate the beauty, but it’s sooo overly inflated)… doesn’t make sense
The father some of us never had, thats what I see in this videos. Immensely grateful for each and every video. Nothing to say but thank you for so much and sorry for so little!
When I was in Johannesburg in December 2023, I took a picture of DeBeers headquarters building. I bought a tanzanite ring in Cape Town. I wanted a pink diamond but I couldn’t afford that.
I had a good laugh at the gram value of antimater as well. 😂😂😂
thank god someone is putting this out there finally.
Thank you for the education.
We need more of these videos
Girls looking at their finger thinking: "crap I got owned."
Maybe 40 years ago there was a cover story feature article in The Atlantic market value of diamond was created by De Beers. There wasn't a lot of interest in diamonds before the appetite for them was stimulated... and there's certainly was not a custom acquiring diamond wedding rings.
This has got to be in some archives somewhere
"Cluster Rings" are still the most memorable and hold up for their value. The idea is that you pick the metal she/he prefers, pick the colors they'd like to see together, use the smaller rocks for higher definition, have jeweler go hamm creating an art piece with everything selected! There's designers that create amazing work for less than a standard carot ring and it's near specific to one's taste.
We studied this as a Harvard Business case more than 20 years ago. I learned so much from this case. Specifically around perceived value.
The illusion of fiat currencies!
Very educational - thx!!
Finally someone does this thank you for doing this that guy from NYC is gana hate this
Excellent segment PBD.. My wife and I paid similar prices for our rings and she doesn't want to waste 30k on jewellery, but just invest in our future like you and your wife did, feel like I'm on the right path, thanks for the great content
De Beers had the largest lab produced diamond plant in the world in Nuffield Springs South Africa in the 80's.
They had another plant in Shannon Ireland.
They merged the plants in South Africa then , sent the ultra high pressure presses back to Ireland a few years later.
These were presses that mimicked the natural diamond formation process.
Chemical vapour deposition (if I recall) was the competing technology.
It had a huge advantage in that it could produce wafers of diamonds that have many industrial uses.
Primarily in heat dissipation applications.
I'm relying on 40 year old memory here of something I had short-lived associated passing interest in.
You are correct, they have patented some of the machines that make lab grown diamonds and they also have a lab grown diamond division.
Wise word‼️💯
It was known in the 80s that De Beers are crushing perfect flawless diamonds for industrial use, and that if they flood the market with what they have in stock, glass would be worth more than diamonds.
I bought gold and moved to Peru and kept buying gold. I watched something about this year's ago with my husband and we were so happy we were smart not to buy into this marketing strategy. They also use ppl in the entertainment industry to borrow them and sell them on the red carpets and music videos. People have to wake up. Buy gold or silver
I would love his take on silver and the Hunt bros vs the US government
Finally, some are telling the truth about the scam of diamonds.
Years ago i had a friend that was a jeweler he told me diamonds had a 600 % markup. I never bought another one.
Ha. Good presentation. With the advent of technological devices. The market place of rare earth elements or synthetics might be interesting. If we are transitioning into a future were there is a higher demand for technological devices. It might be interesting to see in the future what supply and demand looks like for the rare earth elements and minerals that are required in the industrial tec market place ?? I don't know.
Always feel like I learn something watching your content
About time someone covered this! Thanks Patrick!
On point !
Selling
Overpriced glasses!!!
It is a CARTEL
Pat looks like he had so much fun doing this video! 😄👍🏼
D spill it brah yall got Rafi looking like ah Lamont, you big