Blue Diamonds were mostly vendor gems on live until 1 month into Velious when BD jewelcraft recipes went live.
On P99, cultural armor initially didn't require the gems, so people made a crap load it for relatively little cost.
On P99, Blue diamond jewelry was always active and mass produced for 4 years until the items were nerfed and the recipes disabled. BUT people still knew it was coming back one day so the prices dipped only a little bit, but not really enough to make it worth the cultural armor needs and people were still hoarding them for Velious. Plus the fact people knew that the jewel requirement is dropped in Velious, so people are just holding off on making the armor.
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