The Diamond World Takes Radical Steps to Stop a Pricing Plunge
The Diamond World Takes Radical Steps to Stop a Pricing Plunge
There is a discussion on Hacker News, but feel free to comment here as well.
This is the Millennials' fault. They are hardly buying any diamonds at all!
Lab grown diamonds are cheaper, completely ethically created, and can be made to a higher level of purity and quality than naturally occurring diamonds, since they are created under highly specific laboratory conditions.
Seriously: terrestrial diamond mining should be made illegal, now that we can make industrial and jewelry diamonds (as well as many other gemstones) at a higher average quality and far lower cost than those found in nature. But it won’t be, because a few people with far too much money invested in Diamond mining won’t let it happen, and they’re not afraid of orchestrating a coup or three if they think it’ll get them what they want.
real talk I'd rather lab-grows or straight-up fugazis. Fuck do I care if I'm wearing 'fake' diamond for? The real thing costs too much blood for me to feel comfortable wearing; that's settler shit.
My wife's engagement ring is Moissanite and she absolutely loves it - more brilliant than a "real" diamond, and a tiny fraction of the cost
Status symbols are dumb to start with, but spending 10's of thousands on a diamond ring that is functionally identical (or even inferior) to a lab diamond or Moissanite ring is completely idiotic
Today was the first time I'm hearing of Moissanite as a standalone thing(my search queries were just 'lab-grown diamond' and 'cultured diamond'), but definitely a good alternative, I'd say! The brilliance looks ridiculous in the shots I saw.
If the diamond industry collapses, who will give jobs to children and kill workers who rebel?
Funny you should ask. They’ve got a good model in a certain emerald mining scion turned chronic safety measure evader.
Diamonds are stupid
My wife
Still spent $7k on a diamond ring.