There really seems no end to the degree to which those with the most wealth and power have perpetuated one massive fraud after another to amass their wealth. Yes, here's yet another one. The truth of the matter is Diamonds are about as rare as rhinestones. Think about it . . . you can buy them all day long at Walmart and K-Mart! The handful of people that control the diamond trade have conned the entire world into believing a total massive fraud that diamonds are rare and as such are extremely expensive.
The following FRONTLINE documentary from 1994 documents the truth of it. Why is it that nothing is done about it? Here's absolute proof of massive, criminal fraud, and it's allowed to go on.