Topic: Gold Confiscation

1 chapters across the catalog

82: High Value Target
• 2:25:52 - 2:32:13

82: High Value Target

The Diamond Industry and Consumer Deception

The history of the diamond engagement ring is traced back to the 1930s, following the confiscation of gold in the United States. The hosts explain how De Beers manufactured the "two months' salary" rule to sell diamonds, which are described as "useless stones" with artificial value. This is presented as an example of how corporate media and advertising manipulate social norms to drive consumption and control personal finances.