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eppur_se_muova

(43,036 posts)
22. Bingo ! When the mines in Kimberly were first being worked, even working-class couples were buying huge diamond
Mon Jul 13, 2026, 11:18 PM
17 hrs ago

wedding rings, because the stones were so abundant that prices kept falling. Smuggling of diamonds in pockets, mouths, and body cavities brought the prices even lower, since the smugglers were often poor laborers desperate for a quick sale. Rhodes and his allies, incorporated as DeBeers, bought every mining concession they could (each being only a few feet wide) until they controlled the majority of the market, then began to squeeze everyone else out, so that profit margins were pushed higher and higher.

Early stage of mining in Kimberly. Each claimant measured out a square or rectangular plot and began digging straight down, from one edge to the opposite. Faster diggers quickly made deeper holes -- and anything that tumbled down into them from one of the slower diggers became their property.


A later stage of mining in "The Big Hole". Each rope corresponds to a claim -- buckets were hauled up the ropes from the ever-lower dig sites to screening stations above ground.


Today, "The Big Hole" is abandoned and partially filled with water. It is believed to be the deepest hole ever dug by hand.

Described in considerable detail in Rhodes' bio: https://archive.org/details/foundercecilrhod0000rotb_p0z9/mode/2up

Recommendations

2 members have recommended this reply (displayed in chronological order):

Perhaps the closing of that mine will encourage the folks who make lab diamonds. CaliforniaPeggy Yesterday #1
There's no reason to buy a mined diamond anymore. yardwork Yesterday #2
Why does anyone want to buy jewelry? Is it to impress other people? And then there are people who spend money they 3Hotdogs Yesterday #3
Slight possibility that jewelry buyers GenThePerservering Yesterday #4
What's to like about 'em? 3Hotdogs Yesterday #6
In ancient times BumRushDaShow 23 hrs ago #9
They're shiny, and JoseBalow 23 hrs ago #10
What I like about them: they decorate my face and they are beautiful in their own right. ...n/t CaliforniaPeggy 21 hrs ago #14
It improves my appearance LeftInTX 12 hrs ago #34
I agree w/ your sentiment! It's like that 'look at me, look at all of my diamonds, look at my expensive car, look, SWBTATTReg 23 hrs ago #8
Goddess forfend that we should find a moment of joy and beauty niyad 15 hrs ago #24
This! electric_blue68 15 hrs ago #27
Because they're pretty, artistic, interestingly designed etc electric_blue68 22 hrs ago #12
As do I. And for years, I worked with, and represented, jewelry makers niyad 15 hrs ago #25
You've made your own? What have you done? electric_blue68 15 hrs ago #28
Just some simple pieces, several necklaces, pins, and bracelets. niyad 13 hrs ago #31
Cool! getting sleepy will add more tomorrow electric_blue68 13 hrs ago #32
Sweet dreams! niyad 13 hrs ago #33
Why? Because a piece is beautiful, or makes us happy, for starters. niyad 15 hrs ago #23
different strokes for different folks purr-rat beauty 8 hrs ago #36
Definitely the case Bluetus 22 hrs ago #13
I have a lab-grown diamond, too. It's beautiful. No need to every buy a new diamond. Liberty Belle 20 hrs ago #21
orher than use for grinding, why bother with diamonds WorseDayEver Yesterday #5
Diamonds are not and never were rare. They just did a super amazing job of marketing. Raftergirl 23 hrs ago #7
Actually, the control of the distribution is what drove rarity and price mdbl 21 hrs ago #15
But not because diamonds are actually rare. De Beers limited the mining solely to be able to sell diamonds as Raftergirl 21 hrs ago #17
Bingo ! When the mines in Kimberly were first being worked, even working-class couples were buying huge diamond eppur_se_muova 17 hrs ago #22
Wow TY electric_blue68 14 hrs ago #29
My husband and I don't have rings. Envirogal 22 hrs ago #11
Rings are symbols. But if you don't like them, then don't wear them. CaliforniaPeggy 21 hrs ago #16
It's beautiful and authentic artwork FakeNoose 21 hrs ago #18
Thanks so much, my dear FakeNoose! CaliforniaPeggy 21 hrs ago #19
Lovely!.... electric_blue68 14 hrs ago #30
Rings are not the only kinds of jewelry out there. niyad 15 hrs ago #26
"To save cash" as if it didn't have EXCESSIVE funds just sitting in numbers accounts... what a crock WorseDayEver 20 hrs ago #20
they are trying to gain control on prices. nt Javaman 9 hrs ago #35
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