(Closed) Please explain the DeBeers hatred.

posted 6 years ago in Rings
Post # 4
2869 posts
Sugar bee
  • Wedding: August 2013

The issue is that they have cornered the dimaond market.  Because they own most of the diamonds, they have a large influence.  They keep piles of diamonds locked away to decrease the supply against the flat demand, therefore artificially pushing the price up.  Basically, people hate them because if they just let the market go naturally, diamonds would be much cheaper.  ALSO some people don’t like that their marketing a couple decades ago got people thinking that only a diamond is acceptable for an e-ring

ETA: They’re not like, a store, they supply diamonds to jewelers

Post # 6
333 posts
Helper bee
  • Wedding: August 2013

i didn’t know about this until after SO and i went to DeBeers to try a couple on (not to buy from there of course, just for detail ideas for our custom made ring). and now i wish i could say their rings were not great… but even though they didn’t have a design i would have copied to a T, they did have some beautiful rings! damn it. 

Post # 7
814 posts
Busy bee
  • Wedding: February 2012

Well in fairness there’s not really anything such as an ‘ethical diamond’. They all have issues.

Post # 8
44 posts

I think this comes up because of the resent moissy topics where people say they push people to buy diamonds only and spent 2 months worth of income

Post # 9
1714 posts
Bumble bee
  • Wedding: March 2016

When was this information released though?

The topic ‘Please explain the DeBeers hatred.’ is closed to new replies.

Find Amazing Vendors