Diamonds are considered one of the world’s most valuable gemstones. But what if their prices are high due to brilliant marketing and supply monopoly tactics, not because of their rarity? And if that’s the case, are diamonds just a run-of-the-mill gemstone?
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Oct 7
Panic in the Streets: The War of the Worlds Radio Broadcast
On Halloween Eve, 1938 Orson Welles' The War of the Worlds aired on CBS radio. It detailed an alien invasion so realistic that, according to legend, it caused widespread panic among listeners. People really believed aliens were invading Earth. The mass hysteria is an important pa ... Show More
47m 40s
Sep 30
Did a Psych Experiment Turn Ted Kaczynski into the Unabomber?
On April 3, 1996, Theodore “Ted” Kaczynski – better known as the Unabomber – was arrested, ending a 17-year-long bombing spree that left 3 dead and 23 injured. He promised to end his campaign of terror only after outlets published his 35,000-word manifesto; in his view, technolog ... Show More
42m 36s
Sep 2023
Why are we still buying diamonds?
They’re shiny rocks that we’ve somehow agreed embody romance and eternity. But diamonds, it turns out, are not as rare as we think. And these days, they can be made in a lab. So why do we continue to spend so much money on them? This week, the story of a century-long, internation ... Show More
54m 33s
Jul 2020
Diamond Wars | The Future of the Diamond Industry | 8
Today we conclude our Diamond Wars series. These precious stones are known to be undeniably beautiful, rare and a symbol of luxury. But diamonds have also been associated with war, human rights abuses and death. In response, consumers these days are demanding more transparency ab ... Show More
20m 49s
May 2020
Diamonds: Articles of Interest #11
<p>Diamonds represent value, in all its multiple meanings: values, as in ethics, and value as in actual price. But what are these rocks actually worth? The ethics and costs of diamond rings have shifted with society, from their artificial scarcity perpetuated by DeBeers to their ... Show More
31m 20s
Feb 2020
How Do Wine, Cars, and Clothes Defy Economics?
With most goods and services, as their price goes up, demand goes down -- but not so with luxury items from diamonds to college educations. Learn how Veblen goods work in this episode of BrainStuff. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnys ... Show More
6m 29s