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The hosts brought up the title while exploring why diamonds retain their high value, noting that it offers an in‑depth look at the industry's unusual history and relational exchange dynamics. They reached out to the professor author for insight and highlighted that they highly recommended the book for its detailed analysis of the diamond market.
Episode: Why are we still buying diamonds?
It was described as detailing the diamond industry and how unusual it is; the podcast hosts called the author to discuss the value of diamonds and the history of this valuation.
Noah found this book called Stateless Commerce about the diamond industry and mainly about how strange it is.
So we called the professor who wrote it, Barack Richmond.
His book which we highly recommend is called Stateless Commerce the Diamond Network and the Persistence of Relational Exchange.