If you really want the silliness of the traditional* diamond engagement ring, just remember those three magic words: created white sapphire.
* Created by DeBeers marketers
Would You Pay $32,709 for a Lab-Grown Diamond?
31–35 of 35 posts
Re: Would You Pay $32,709 for a Lab-Grown Diamond?
#32Lab grown diamond... brand new Tesla... lab grown diamond... brand new Tesla... I'd go with the car, personally.
Well the Tesla will definitely get you a lot more utility. In fact any car is probably a better purchase than any diamond. Probably depreciates less quickly too...
I'm not sure that's true. Teslas still depreciate at a rapid clip. Many cars will depreciate at 40% once you drive 50k miles on them. Tesla may get a break on that because of their brand, but as long as Tesla keeps punching out cars, they will depreciate.
The issue with diamonds is that once they're cut and given to someone else as part of a ring, they immediately depreciate. Because, as the diamond marketing agencies point out: "Who wants a second hand engagement ring?"
That said, raw diamonds (cut or uncut) hold their value. While DeBeer's has a stockpile of diamonds, they only let a fraction of their holdings out into the market every year to keep the prices artificially high. Which get turned into rings, which then depreciate immediately.
Re: Would You Pay $32,709 for a Lab-Grown Diamond?
#33Earlier quoted context omitted.
You’re probably being downvoted because you chose to spend the price of a decent new car on a shiny rock.
Well obviously I'm biased here but seems like a crappy reason to downvote someone...the comment is substantive and on-topic. What's the point of engaging in discussion online if you don't talk to anyone different from yourself? Thank you for responding though.
For the record, I personally think that it’s absurd to spend $30,000 on a diamond ring, but I didn’t downvote your comment.
Re: Would You Pay $32,709 for a Lab-Grown Diamond?
#34Earlier quoted context omitted.
Well obviously I'm biased here but seems like a crappy reason to downvote someone...the comment is substantive and on-topic. What's the point of engaging in discussion online if you don't talk to anyone different from yourself? Thank you for responding though.
For the record, I personally think that it’s absurd to spend $30,000 on a diamond ring, but I didn’t downvote your comment.
Sure, I can respect that opinion. Spending $30,000 on a shiny rock is irrational, I fully admit it :)
Re: Would You Pay $32,709 for a Lab-Grown Diamond?
#35We should stop posting links to article posts that block and require payment. I have no idea why no one else has mentioned this.
> "I have no idea why no one else has mentioned this." It certainly has been mentioned before. It's a FAQ: > "Are paywalls ok?" > "It's ok to post stories from sites with paywalls that have workarounds." > "In comments, it's ok to ask how to read an article and to help other users do so. But please don't post complaints about paywalls. Those are off topic." https://news.ycombinator.com/newsfaq.html
Im away from a desktop, but on mobile WSJ has no workaround, as far as I know. I signed in with Google and still had to register a payed subscription.