this post was submitted on 29 Sep 2023
1574 points (98.9% liked)

Memes

45673 readers
1247 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
1574
Honestly, fuck the diamond industry (lemmy.zip)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
133 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [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.