Nonetheless, in the 1800s, a veritable diamond trove was unearthed in Kimberly, South Africa. This newfound mine had the potential to flood the market with diamonds and bring down the price for the pricey stone. To stop too many diamonds from hitting the market, De Beers shortly intervened, purchased up the mine and maintained tight management over the worldwide diamond provide. De Beers launched solely enough diamonds to satisfy annual demand. This gave the phantasm that diamonds were exceedingly unusual. In turn, the seemingly-restricted supply inflated the price of diamonds.
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