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2. Current public perception of diamonds is the direct result of a masterfully executed marketing campaign by De Beers that began in 1938, not inherent scarcity or value. If you've , you know all of the gory details. Isn't it amazing (and scary) how brainwashed people are about the "value" of diamonds, even though they're not actually worth that much?


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3. A diamond is an illiquid asset, not an "investment". Don't believe me? Try to sell a second-hand diamond ring on eBay or at a pawn shop. Do you really think you'll get anything close to what you paid for it? Do you really think the price of any diamond you purchase today is going to go up significantly over time? A diamond ring isn't even a good "insurance policy" to fall back on during hard times - it's an illiquid asset that you'll have a hard time selling for a price anywhere close to what you paid for it.

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