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Honestly, fuck the diamond industry (lemmy.zip)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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[–] feedum_sneedson 2 points 1 year ago (1 children)

I'm sure they can go down in price.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

You are right. I guess I meant to say that there is no incentive to lower the price, because storing them is dirt cheap. The people that are hoarding them are able to keep the price high, unlike most other goods that have some sort of a shelf life or a smaller period of time to make profit.