Episode 983 • • 2:14:44 - 2:18:56
983: 3 Belts No Road
De Beers Diamond Market and Economic Indicators
The "Raj Pink" diamond fails to sell at a Sotheby's auction in Geneva, signaling a potential downturn in the luxury gem market. Dvorak reflects on his "biggest mistake" of not investing in De Beers during college. The hosts discuss how high-quality synthetic diamonds and the rise of Bitcoin as a "store of value" are disrupting the traditional use of diamonds for wealth preservation and money laundering.