The TRUTH About How De Beers Manipulated Price of Diamonds
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 19 February 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Patrick Bet-David explains what is potentially the biggest scam and most successful marketing campaign of all time. The De Beers diamond story. Purchase one (1) new Future Looks Bright T-Shirt & one (1) Future Looks Bright Hat and you could win a signed baseball from Trevor Bauer or a signed boxing glove from Ryan Garcia: https://bit.ly/3SOzA66 Connect one-on-one with the right expert to get the answers you need with Minnect: https://bit.ly/3MC9IXE Purchase Patrick's new book "Choose Your Enemies Wisely": https://bit.ly/41bTtGD Register to win a Valuetainment Boss Set (valued at over $350): https://bit.ly/41PrSLW Get best-in-class business advice with Bet-David Consulting: https://bit.ly/40oUafz Visit VT.com for the latest news and insights from the world of politics, business and entertainment: https://bit.ly/472R3Mz Visit Valuetainment University for the best courses online for entrepreneurs: https://bit.ly/47gKVA0 Text “PODCAST” to 310-340-1132 to get the latest updates in real-time! SUBSCRIBE TO: @VALUETAINMENT @vtsoscast @ValuetainmentComedy @bizdocpodcast @theunusualsuspectspodcast Want to be clear on your next 5 business moves? https://bit.ly/3Qzrj3m Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
Transcript
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| 0:00.0 | Ladies you're not going to like today's podcast. |
| 0:01.8 | Gentlemen, for some of you who have bought diamonds, |
| 0:04.6 | you're going to be very upset. |
| 0:05.8 | Those of you that haven't yet proposed |
| 0:08.0 | and haven't bought diamonds, |
| 0:09.3 | you're going to love this episode. |
| 0:10.5 | Why? |
| 0:11.1 | Because you know when you and I think about diamonds were like oh my |
| 0:13.8 | God the rarity of diamonds that's why they're worth so much. Did you know |
| 0:18.0 | diamonds for the most common gems in the world in the community the most common gems in the world. Do you know there's roughly a |
| 0:25.0 | quadrillion tons of diamonds in the ground? You know what that is? That's a |
| 0:30.0 | thousand trillion tons, but Rothschild financed the establishment of the Beers, diamond mines in South Africa in |
| 0:40.4 | 1887 and with the help of some incredible marketing strategies they fooled you and I |
| 0:46.1 | to think diamonds are forever. Today we're going to break the whole thing down. |
| 0:50.6 | Okay so if you give value out of this video give it a thumbs up and subscribe to the channel. |
| 0:53.9 | Let's get right into it. |
| 0:54.9 | In 1992, the Beers controlled 90% of world's rough diamond production and distribution. |
| 1:01.9 | The Beers and its central selling organization |
| 1:03.8 | establish exclusive contract with suppliers and buyers making it |
| 1:06.8 | impossible to deal with diamonds outside of the Beers. Can you imagine if you |
| 1:10.4 | control 90% of any industry, |
| 1:12.5 | isn't there a word for that? |
... |
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