Diamond buyers can get refunds

[Krikit 1,165]

Ok, maybe a stupid question, but I don't know anything about diamonds. If it was a *monopoly* then doesn't that mean that all diamonds were De Beers?

I saw a documentary on this once. It's kind of like the diamond industry version of OPEC. The countries and companies in those organizations agree to limit the amount of gem-quality diamonds released to the market in order to maintain high economic return. Otherwise diamonds would be a dime a dozen.

[w¡n9Nµ7 §£@¥€r 123]

So it's more of a cartel than a monopoly?

[Krikit 1,165]

So it's more of a cartel than a monopoly?

Yes, a cartel.

[Alex+R 0]

Somehow I thought Canada was outside all that. I guess they have humane diamond mining practices there, but you're still giving money to DeBeers after all. This saddens me, but only for about five seconds.

[w¡n9Nµ7 §£@¥€r 123]

Somehow I thought Canada was outside all that. I guess they have humane diamond mining practices there, but you're still giving money to DeBeers after all. This saddens me, but only for about five seconds.

lmao.....

[Ban Hammer 13,656]

i wonder if blue nile acquires their diamonds from them.

[w¡n9Nµ7 §£@¥€r 123]

everybody who has questions about their diamonds, send them to me.. i know someone who can find out for us

[Krikit 1,165]

Somehow I thought Canada was outside all that. I guess they have humane diamond mining practices there, but you're still giving money to DeBeers after all. This saddens me, but only for about five seconds.

I'm not quite sure what you're referring to but each country has its own regulations regarding any industry within their borders. Organizations who do not follow said regulations are penalized and/or shut down. Canada is not known for inhumane practices.

[w¡n9Nµ7 §£@¥€r 123]

Canada is not known for inhumane practices.

Oh?

What do you call poutine?

[Krikit 1,165]

Canada is not known for inhumane practices.

Oh?

What do you call poutine?

Well, okay. You got me there.

[eau_xplain 2]

Thanks for posting this Steven. My husband will be very happy to read about this.

He is very much against buying diamonds because of the cartel. That's why I was so surprised and very honored that he set that aside to get me a nice diamond engagement ring.

Guess now I'll have to ask our jeweler if the diamond we got is from De Beers.

[Alex+R 0]

Somehow I thought Canada was outside all that. I guess they have humane diamond mining practices there, but you're still giving money to DeBeers after all. This saddens me, but only for about five seconds.

I'm not quite sure what you're referring to but each country has its own regulations regarding any industry within their borders. Organizations who do not follow said regulations are penalized and/or shut down. Canada is not known for inhumane practices.

I'm referring to, for example, most African diamond mining, which is famous for inhumane practices. Supporting a company that is humane in Canada, while mining my diamond, but then abuses Africans simultaneously, is not appealing to me.

(Neither is poutine.)

[almaty 19]

Thanks for posting this Steven. My husband will be very happy to read about this.

He is very much against buying diamonds because of the cartel. That's why I was so surprised and very honored that he set that aside to get me a nice diamond engagement ring.

Guess now I'll have to ask our jeweler if the diamond we got is from De Beers.

i am against buying gas cause of the cartel..time to sue OpEC

[w¡n9Nµ7 §£@¥€r 123]

I did some aftermarket modifications on my honda to look more like the car they had in the flintstones. It is foot-driven!

[almaty 19]

I did some aftermarket modifications on my honda to look more like the car they had in the flintstones. It is foot-driven!

you are indeed right thinking..i wonder if it that would work on my truck??