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eppur_se_muova

(43,046 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
Monday

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 Monday #1
There's no reason to buy a mined diamond anymore. yardwork Monday #2
Why does anyone want to buy jewelry? Is it to impress other people? And then there are people who spend money they 3Hotdogs Monday #3
Slight possibility that jewelry buyers GenThePerservering Monday #4
What's to like about 'em? 3Hotdogs Monday #6
In ancient times BumRushDaShow Monday #9
They're shiny, and JoseBalow Monday #10
What I like about them: they decorate my face and they are beautiful in their own right. ...n/t CaliforniaPeggy Monday #14
It improves my appearance LeftInTX Yesterday #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 Monday #8
Goddess forfend that we should find a moment of joy and beauty niyad Yesterday #24
This! electric_blue68 Yesterday #27
Because they're pretty, artistic, interestingly designed etc electric_blue68 Monday #12
As do I. And for years, I worked with, and represented, jewelry makers niyad Yesterday #25
You've made your own? What have you done? electric_blue68 Yesterday #28
Just some simple pieces, several necklaces, pins, and bracelets. niyad Yesterday #31
Cool! getting sleepy will add more tomorrow electric_blue68 Yesterday #32
Sweet dreams! niyad Yesterday #33
Nice! Oooo, crystals! .... electric_blue68 7 hrs ago #37
Why? Because a piece is beautiful, or makes us happy, for starters. niyad Yesterday #23
different strokes for different folks purr-rat beauty Yesterday #36
Definitely the case Bluetus Monday #13
I have a lab-grown diamond, too. It's beautiful. No need to every buy a new diamond. Liberty Belle Monday #21
orher than use for grinding, why bother with diamonds WorseDayEver Monday #5
Diamonds are not and never were rare. They just did a super amazing job of marketing. Raftergirl Monday #7
Actually, the control of the distribution is what drove rarity and price mdbl Monday #15
But not because diamonds are actually rare. De Beers limited the mining solely to be able to sell diamonds as Raftergirl Monday #17
Bingo ! When the mines in Kimberly were first being worked, even working-class couples were buying huge diamond eppur_se_muova Monday #22
Wow TY electric_blue68 Yesterday #29
My husband and I don't have rings. Envirogal Monday #11
Rings are symbols. But if you don't like them, then don't wear them. CaliforniaPeggy Monday #16
It's beautiful and authentic artwork FakeNoose Monday #18
Thanks so much, my dear FakeNoose! CaliforniaPeggy Monday #19
Lovely!.... electric_blue68 Yesterday #30
Rings are not the only kinds of jewelry out there. niyad Yesterday #26
"To save cash" as if it didn't have EXCESSIVE funds just sitting in numbers accounts... what a crock WorseDayEver Monday #20
they are trying to gain control on prices. nt Javaman Yesterday #35
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