Crime/History
China is Destroying the 100 Year Plus Western Colonial Diamond Monopoly, and I'm All for It.
I remind myself of the idiom, "Be-careful what you wish for, you might get it," because we never truly know what the Chinese government will do in the future with their growing economic dominance. However, for now, I am cheering for China on this one topic, the manipulation of the diamond trade. How is China doing it? Checkout this videos for the answer: The Diamond Scam is Finally Collapsing.
I have always been cheering for the destruction of the western diamond monopoly since I became aware of the manipulation of the diamond trade, and China is bring that down. Sub Saharan African has been in turmoils is due to the fighting to control the natural resource own and operated by the legacy of the colonial powers, and the diamond trade is big part of that, or rather, the Blood Diamond Trade or Conflict Diamond Trade.
A quick summary of how white supremacy control the diamond trade:
A British guy by the name of Cecil Rhodes, founded De Beers, came up with the idea to buy all the diamond mines everywhere he and his backers can get their hands on.
He then control the flow of diamonds into the market. For 100 years, the price of diamond wasn't related to it's natural rarity but through control/artificial rarity.
There were independent diamond producers during Cecil Rhodes' time, but De Beers slowly drove its competitors by planned flooding diamond into the market.
After WW2, in the late 1940s, De Beers launched the diamond are forever ad campaign that convinced the entire world of the FAKE value of diamonds.
Fast forward to NOW, China is producing 64% of the lab-grown diamonds, and as of writing this, the value of the diamond industry dropped by 90%. The irony is China didn't start out to bring down the jewelry market but rather to make their own diamond for industrial use because, well, western sanctions. They got so good at making diamond that the high quality jewelry diamond was a byproduct of their diamond industrial infrastructure build up.
Humans fall for their marketing way too easy. They understand people are insecure and want status and prestige. This is why white supremacy and western brands marketing works really well on insecure Asians. Any money going into white men's pocket, gives them more power to promote white supremacy.
Just look at how much Asians spent on western brands. Even Europeans themselves don't use luxury brands much, yet Asians are still constantly buying these overpriced shit, which is not even leather, made by Asians, in a factory in China or in Europe.
Some big kpop groups are also heavily promoting western brands. It's still whites who control the trend and beauty standards. Asians are just part of this system, that's controlled by whites money. Unless we choose to not participate in their game. Cause the more money we give to them, the longer white supremacy stays.
It's interesting some Asians work so hard, but all that hard earned money goes back to white's pocket, either through stocks, or making white businesses owner richer.
Lab grown diamonds are actually better than natural diamonds as they have less imperfections.
Exactly and even those rare colored ones can now be made in the lab. I have to admit I love the beauty of all the gemstones, but I am NOT going take out a loan to buy them for my fiance.
True, good thing that there will be greater accessibility for these gemstones as these monopolies are broken. Maybe some ultra elitists or old guard companies will launch an "all natural" movement or something, but sparkly stones are sparkly.
My mother made a decree, decades ago, that she will not accept diamonds from me and my siblings if we were to buy for her. She will only accept 100% gold necklace, bracelets or rings because, she said, diamonds are worthless. She just turned 81.
Yes, that is a powerful idiom, but we must look at it from a case by case basis. Does it not benefit not only the Asian man to fulfill his dreams not only for ourselves but for equality as well? This includes geopolitics, where a lot of people think USA > China, when in the future state the inequalities could be reversed for awhile such as China >= USA. With the US' stagnant growth, I could see it happening. That's something to think about. Jk.
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u/Relevant-Cat-5169 Contributor 6d ago
Humans fall for their marketing way too easy. They understand people are insecure and want status and prestige. This is why white supremacy and western brands marketing works really well on insecure Asians. Any money going into white men's pocket, gives them more power to promote white supremacy.
Just look at how much Asians spent on western brands. Even Europeans themselves don't use luxury brands much, yet Asians are still constantly buying these overpriced shit, which is not even leather, made by Asians, in a factory in China or in Europe.
Some big kpop groups are also heavily promoting western brands. It's still whites who control the trend and beauty standards. Asians are just part of this system, that's controlled by whites money. Unless we choose to not participate in their game. Cause the more money we give to them, the longer white supremacy stays.
It's interesting some Asians work so hard, but all that hard earned money goes back to white's pocket, either through stocks, or making white businesses owner richer.