Re: rings
Can someone please put a logical meaning on the sentence below from the article linked above - "the quality of the diamonds, measured in dollar value, had declined by nearly 100 percent."
Are they trying to say that all the diamonds were essentially sold at near-zero prices ? If anything declines by nearly 100% then it approaches zero, last time I checked.
Original quote in context -
In their subsequent investigation of the American diamond market, the staff of N. W. Ayer found that since the end of World War I, in 1919, the total amount of diamonds sold in America, measured in carats, had declined by 50 percent; at the same time, the quality of the diamonds, measured in dollar value, had declined by nearly 100 percent.