De Beers Has Run Out of Monopoly Power: Angara Founder

[@aroundandround]

Glad the diamond mining industry is on decline.

[@RupertJosh]

Karma!!

[@Khatamoga]

De Beers may it close, it has caused a lot of pain in Africa.

[@Mady-lo6qb]

I'm quite sure it will cause more pain as all those people will be out of a job.

[@Khatamoga]

@Mady-lo6qb we will create new ones , dependency is weak trait that needs to leave Africa

[@davidwong7283]

2020 , i scolded an indian employee manager @ a debeers booth at the singapore gem expo , told them once they started lightbox, they legitimized Lab . and now the latest news is that within 1 year lightbox will stop . These fellas believed people today are still as gullible as those in the past where u can shove the narrative down people's throats .

[@joevoidable7549]

@@Mady-lo6qb clearly tells me you are an a**hole. if you knew the back story you would not be saying this.

[@TheBooban]

"The vendor will disclose if it's a Russian diamond." - Ha. Ha. Hahahahahha!

[@ericp1139]

Homie wanted to change the subject real quick.

[@PascalH9191]

Diamonds have never been rare!

[@serebii666]

In the sense that the carbon that makes them up no, they weren't. But as stones of any significant carat size as well as their accessibility and labour to facet them, diamonds were indeed rare historically.

[@okwatever3582]

Indeed, De beers is just monopolizing the supply of diamond and limiting the annual supply to the biggest buyers. Now, they are not the only suppliers, they lost the control to the market dominance.

[@Jose04537]

Funny how jewelry sellers NOW are claiming flawed diamonds are special, when flawless was the standards just a few years ago.

[@jarredschwandner4115]

Wow that guy was incredibly insightful one of the best market/business interviews I've ever seen. Thanks

[@mkhanman12345]

Who are you

[@IO-zz2xy]

Someone I met quite a few years ago worked at De Beers in Johannesburg. He said there were diamond piles that if they were all mixed together into one heap, would be the size of a small car in their stock safes. The market was always kept short to keep prices artificially high. Good to see that the prices have plunged. A diamond worth $25 thousand now going for $2 500. Damn, Yip, does my heart good. Regards from South Africa

[@dexrich1824]

That's lab vs natural. Prices haven't declined but there are more private dealers who don't have as crazy of a mark up as there used to be.

[@Danimarcapital]

Can you make lab grown Rhino horns? That would really help us with wild life conservation!

[@rawrss]

Amen! And Ivory too, protect Rhinos and Elephants.

[@wenerjy]

You can actually, I think there are a few biotech startups working on it.

[@xcel5203]

What about brains ? That would be tops !

[@NovaJaye]

3D printing?

[@EvonneLindiwe]

Diamonds are so common.. the best marketers in history are De Beers

[@kafeleboothe]

I still don't understand why they havent started marketing them as "ethical diamonds" vs "mined diamonds"

[@xcel5203]

Diamonds are for fools really ! And terribly dirty too with their provenance .

[@PositionTheory]

Super interesting segment. This was a great interview from both sides.

[@MarkT1700]

Great. All gemstones should be lab grown. Mining gemstones should be illegal.

[@Jose04537]

And nothing of intrinsic value was lost.

[@jamesspent7101]

A lab grown diamond is a clone of a real diamond. The fact that i would buy one doesn't change the fact that it's not thee original diamond.

[@markkaasha2111]

It's still a diamond...difference is the similarity ie the process of formation is natural the other is artificial (industries replicate the same conditions as in natural process to produce the diamond)

[@zapfanzapfan]

Very interesting, I clearly have not followed the diamond trends for a long while.

[@DistrustHumanz]

2:01 'and thats where you have to trust the jeweler'... good luck with that.

[@tshepo7122]

The rich will always want natural diamonds due to the value as opposed to optics

[@b3746]

There is no value on diamonds. It's a hoax, figure out, they are no scarce, they can be man made unlike gold

[@doordaashclass2631]

The value is in decline as described in this video

[@Jose04537]

"It's not the same without the suffering of the slaves"

[@NovaJaye]

De Beers has a ship that works almost all year round dredging ocean floor for diamond.

[@RatTerminator]

So will prices come down?!

[@bhuvan1993]

Now i want lab grown Gold

[@Mady-lo6qb]

So far, you need a nuclear reactor or a particle accelerator to make a few fragments - so too pricey right now.

[@seeriktus]

Technically possible with proton/neutron bombardment but cost is way too unfeasibly expensive. It would be cheaper to haul an asteroid back to earth.

[@SamSam-qm1li]

Good, I'm glad diamonds are going down in price

[@youngandrestlessjean3634]

A Lab grown diamond is basically a complex 3d printed object. What makes a 💎 diamond worth money is its rarity, size, and how hard it was to retrieve it from the Earth. Private jewelers will want the buyer to invest in a real diamond piece. Lab grown is ethically sound but not worth the exorbitant prices at all.

[@HarukiYamamoto]

Lol

[@rho992]

Absolutely not... Lab grown diamond are indistinguishable from mined diamonds, because IT IS A DIAMOND not fake diamond.

[@spookyman18]

I want whatever you are smoking. Diamonds were never rare to start with. Now they are just very abundant with lab grown.

[@Parthoo]

Hahahaha good one.

[@365degree-unf]

De Beers, ALROSA and Lucara always controlled the supply chain and Rapaport the prices. DeBeers shot itself in the foot with their Lightbox collection with LGDs following Pandora's move in the US, however they recently shut down their LGDs operations completely after the prices of diamonds and LGDs plummeted 50% and 90% respectively the past years. They realized the provenance and novelty of a natural diamond simply never compared up to a rough LGD which could be grown in unlimited quantities in a lab for a handful of dollars/ct. Also it is no more called a LGD but a 'synthetic' and in the next years will likely be reduced to a price of sugar crystals; as it has ZERO resale value.. and traditionally China and India's jewelry market has and always will be - a gold driven market in terms of asset class because of it's high resale value, suggestive to say - consumer choices are investment driven and not emotion driven, unlike in the US. So the environmental and green factors reg LGDs get tossed out the window, when consumers realize it can't be resold. Not so known Fact: There is nothing rare about diamonds, they're abundant in nature - but it's always been mafia/cartel controlled in the name of big organizations that arm twist puppet/corrupt regimes for exclusive exploration & mining rights with little to no royalty being paid back to help/benefit the local economy, so one may instead chose to support artisanal miners through their purchases.. as the large corporations (corp cartel) control the supply chain from mines to market, although Surat and Antwerp had until now retained the cutting/polishing monopoly - But that too stands to change with DeBeers setting up it's own cutting/polishing units. Botswana, Namibia, Angola, Sierra Leone, DRC, Tanzania, Mauritania, Sudan just about every other African country sits on large deposits and are churning them out in large numbers now under the Kimberly process.. the prices of diamonds will plummet further, while synthetics will be reduced to the price of glass gemstone.

[@jamesbell739]

The value of diamonds is made up. They aren't nearly as rare as jewelers make us think. I'm happy to see the market collapse. Lab Grown is the way to go.

[@okwatever3582]

carbon: finally, some sense. I can be graphite; I can be diamond. just a matter of process that makes a difference.

[@DrMwenya]

They still getting them from all kinds of shady places via Antwerp .

[@HarukiYamamoto]

No. They are not the same. Lab grown is chemically and physically superior.

[@waisinglee1509]

I think I would rather take his word for it...

[@HarukiYamamoto]

@@waisinglee1509 lol. Good for you.

[@raybod1775]

Soon, if not already, lab grown will be able to add contaminants and it will be impossible to distinguish from mined diamonds,

[@HarukiYamamoto]

@@raybod1775 That should make Mr. @waisingle1509 very happy.

[@Mady-lo6qb]

@@waisinglee1509 What he means is that stones from mines may have cracks and impurities that result in weaknesses in the stones that have to be cut away. Lots of stones from the ground aren't good enough for jewelry and only good for industrial use like diamond drill bits. But in a lab, the conditions are controlled so you can get a pretty flawless product each and every time.

[@mogulmayhem]

I'm a single dude and I just watched this entire segment.

[@serebii666]

And? Do you want a cookie?

[@mogulmayhem]

Bababooey

[@har8397]

We saw this in twilight zone: the rip van winkle caper

[@ramkumarKumar-di3hg]

My picks for the bull run: ADA, AVAX, SOL. Best presale? Revux, no doubt.

[@kristianmorris9738]

Same thing happened to pearls.

[@RatTerminator]

I always thought Diamonds were worth very little

[@manjubala1789]

I’m all about presales, and Revux tops my list. Early investment is key!

[@stevep9041]

They can’t replicate gold or silver. They can surpress it, they just can’t make it in a lab.

[@NovaJaye]

Just like cultured pearl does to natural pearl market.

[@tanvirtanvir9348]

Diamonds are forever😂😂😂😂

[@raybod1775]

Less expensive lab grown or lab grown with contaminants to be exactly like mined.

[@PascalH9191]

I knew about lab grown diamonds since the late 1990s

[@waisinglee1509]

You must have read the same National Geographic issues that I did. LOL!!!

[@PascalH9191]

@@waisinglee1509I think so, hell I was a 6 or 7 year old

[@waisinglee1509]

@@PascalH9191 Haha

[@zrumble]

This isn’t a decline of a mined diamond this is a ad for lab created.🤣😂🤣

[@manojdheemar]

Moving everything into BTC and Revux. This presale is too good to ignore!

[@lotus630]

I read "Do Beers run out?"

[@doonie5396]

Diamond Industry Under Pressure. Good pun...

[@AaronKaewprapai-qv7bc]

Free market won. Artificial market like US fair market failed.

[@kafeleboothe]

it's 2024, *gemstones of color

[@Mady-lo6qb]

😂

[@brevitygreaves2321]

There are no Russian natural diamonds in China. No market for them.

[@arunkottolli]

Mined diamonds will go the Dodo way!

[@MrMountain707]

Imagine being a slave mining diamonds, and finding out they aren't even special.

[@JohnLee-db9zt]

Diamond is the biggest scam ever.

[@souravff5884]

Wondering if Revux will pump before XRP. It’s got potential!

[@shriram4591]

Concentrating on BTC and Revux, with a little ETH on the side.

[@portalkey5283]

Not the jews though. Historical chokehold is still there.

[@larryconstantine1404]

😂😂

[@johnappleseed6926]

Fake diamonds

[@AkashSingh-pn3zl]

Seriously, get Revux now before it’s too late!

[@sayedhassan382]

I will give u 95 percent off on lab grown diamond n I willl always choose natural over the lab grown n only the natural stones holds the value …. It’s like would u eat natural chicken or lab grown chicken n also I will keep my shop with natural diamond no sir no lab grown needed

[@DistrustHumanz]

That's not the issue. The problem is that very few people can afford the very expensive equipment to detect the nitrogen to see if the diamond is natural or lab grown. They even addressed this at 2:01 with 'you just have to trust the jeweler'. The entire diamond industry is now based on trust instead of science. Good luck with that.

[@Mady-lo6qb]

The numbers of people willing to put out money for such a thing are dropping rapidly. And if the market for natural stones shrinks i.e demand drops, then re/sale prices will also fall. If out of a market of a million people only two are willing to put out extra to buy a natural diamond, how can you expect to get a high price? Either that, or you will have to wait a very very long time for those two people to come into your shop and start a bidding war.

[@Mady-lo6qb]

lab grown vs natural chicken is not a good comparison. Meat tissue is a complicated structure and the molecules that it is made from - the nutrients inside - are very complex and not easy to synthesize. Diamond is simply carbon in a simple standard structure.

[@vishwaspatani4700]

@@sayedhassan382 please give me lab growns at 95% back. I don’t care if it’s lab grown or a natural and Im not paying more for a natural diamond

[@AyanBauri-zv7yu]

Got the inside scoop on Revux - don’t miss out on this!