Diamonds - The Biggest Scam

👉🏻Diamonds are completely worthless. We have always heard that ‘diamonds are a girl’s best friend’ but this is the biggest scam of the 21st century.
👉🏻Diamonds, along with many other materials, do not have an intrinsic value. The truth is, if you sell your extremely expensive diamond jewellery in the market, forget profits. you will hardly be able to recover any amount.
👉🏻The only reason why diamonds are so expensive is because of the perceived rarity of them.
👉🏻Naturally, diamonds are available in a manageable supply, but companies like De Beer don’t want you to know that, and they carefully restrict diamond supply on the market. High demand and restricted supply will automatically make diamonds expensive.
👉🏻If you want to spend your money on some luxury purchase, buying something that will appreciate in value is always a much better option, unlike diamonds.
👉🏻Nowadays diamonds can be made in the lab, and the synthetic diamonds are not only popular but just as good. No one can tell the difference between without using some specific machinery.
This only proves why diamonds are the biggest scam of our generation.
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