https://tankie.tube/videos/watch/382abbdb-ad21-40c4-a3ed-379dd2d378b9 For over a hundred years, DeBeers has dominated and controlled the global diamond trade. But today, Chinese factories are mass-producing lab-grown diamonds, which are chemically identical to natural stones, and prices are collapsing worldwide for both man-made and natural diamonds. DeBeers sources most of their rough diamonds from mines in Botswana, and the new government there is determined to move DeBeers' value chains to Botswana itself, thereby retaining billions of dollars in industry revenues in-country. Anglo-American is DeBeers' parent company, and they are trying to divest their holdings. But even after writing off $4.5 billion in book value in two years, no buyers can be found. Closing scene, Phoenix Island, Hainan Resources and links: World map of diamond exports https://howmuch.net/articles/world-map-of-diamond-imports Wall Street Journal, Are Diamonds Even a Luxury Anymore? De Beers Reckons With Price Plunge https://www.wsj.com/business/retail/de-beers-diamonds-price-lab-grown-468b33ab Mining.com Botswana, De Beers sign overdue diamond deal https://www.mining.com/botswana-de-beers-sign-overdue-diamond-deal/ Botswana’s Strategic Takeover of De Beers Diamond Empire https://discoveryalert.com.au/news/botswana-controlling-stake-de-beers-2025/ Bloomberg, The $80 Billion Diamond Market Crash Leaves De Beers Reeling https://www.bloomberg.com/news/features/2025-02-04/de-beers-turmoil-is-symptom-of-diamond-industry-crisis Law of One Price: Definition, Example, and Assumptions https://www.investopedia.com/terms/l/law-one-price.asp Thu, 09 Apr 2026 00:41:21 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/382abbdb-ad21-40c4-a3ed-379dd2d378b9 All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.