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The Diamond Trade - Rough Cuts (Myth20c - Ep164)

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First published at 17:00 UTC on April 1st, 2020.

#diamond
#africa
#debeers

Myth of the 20th Century

myth20c

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‘Diamonds are Forever’, as the saying goes, imparts a sense of strength, legacy, and significance. From a geological point of view, diamonds, formed over millions of years, are indeed ancient and enduring. From a cultural standpoint, however, the concept of a mass market for diamonds in the form of wedding rings and like is a relatively new concept. Tonight we explore how this phenomenon came to be, the mining and distribution of diamonds, and the major players behind this multi-billion dollar a year industry.

-- Brought to you by --

Nick Mason, Adam Smith, Hank Oslo and Hans Lander

New: Hard Copies of Exit Strategy now Available! http://www.lulu.com/shop/adam-smith/exit-strategy/paperback/product-24191334.html

- https://myth20c.wordpress.com/2020/04/01/the-diamond-trade-rough-cuts-myth20c-ep164/
~~-- Donations: https://www.patreon.com/MYTH20 --~~
BTC: 16UQ6ukmTjz4Z7Ce4n23bN6tKGnU7XkPeQ
- https://myth20c.wordpress.com/books/
- http://theamericansun.com
- http://twitter.com/myth20c
- [email protected]
- http://gab.ai/myth20c

-- References --

- The Market for Lemons: Quality Uncertainty and the Market Mechanism, Akerlof (1970)
- Diamonds are Forever, Hamilton (1971)
- Freakonomics, Levitt (2005)
- Blood Diamond, Zwick (2006)
- Rhodesia - Last Days of Empire, Myth of the 20th Century (2017) - https://myth20c.wordpress.com/2017/02/07/rhodesia-last-days-of-empire/

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