It's about time. Even more useless than gold. Hopefully it's next, though at least it's somewhat fungible and has a small industrial use.
The diamond world takes radical steps to stop a pricing plunge
51–60 of 619 posts
Re: The diamond world takes radical steps to stop a pricing plunge
#52Diamonds are worthless, but reject them at your own peril. When my friend proposed to his girlfriend of 3 years, because the ring didn’t have a diamond she said no.
Re: The diamond world takes radical steps to stop a pricing plunge
#53Re: The diamond world takes radical steps to stop a pricing plunge
#54Earlier quoted context omitted.
> Has anyone ever tried to sell an engagement or wedding ring with diamonds? You get cents on the dollar. Does that mean you can buy one second-hand at a low price, and avoid the inflated market entirely?
Yup got my wives ring from a pawnshop cheap
Re: The diamond world takes radical steps to stop a pricing plunge
#55I would like to take this moment to thank https://diamondssuck.com/ for preventing me from buying my wife a diamond, and getting her a much prettier moissanite instead. It's been on hn's front page several times.
Re: The diamond world takes radical steps to stop a pricing plunge
#56Earlier quoted context omitted.
Gold jewelry is very easily an investment. The artisan work on them only increases the cost by 10-15% on the underlying value of the gold (at least in India).
Gold, just gold, is an investment simply because people value it - it's a shiny noble metal that stays "pure", ergo percieved value. From a resource utility PoV it costs more to source than copper or aluminium which are nearly as conductive - so they win out for electronic and power transmision applications. There are applications where gold is the clear winner - "forever" circuits and switches that are worth the ext…
Re: The diamond world takes radical steps to stop a pricing plunge
#57I would like to take this moment to thank https://diamondssuck.com/ for preventing me from buying my wife a diamond, and getting her a much prettier moissanite instead. It's been on hn's front page several times.
I was in the market, but I came to find moissanite to be too sparkly. Still looking but thinking white sapphire is going to be the eventual purchase.
Re: The diamond world takes radical steps to stop a pricing plunge
#58I would like to take this moment to thank https://diamondssuck.com/ for preventing me from buying my wife a diamond, and getting her a much prettier moissanite instead. It's been on hn's front page several times.
Guys, buying diamonds, can complain all day about what a rip off it is (it is). But if you apprise your fiancé of the alternatives / opp costs (moissanite, man made, second hand, etc) and she still wants a new diamond, just get her a new diamond. It will make her happy for years. My wife had her heart set on a pink diamond, so that’s what I got her. I made it clear though that if I got this, she is not getting a new…
Re: The diamond world takes radical steps to stop a pricing plunge
#59I would like to take this moment to thank https://diamondssuck.com/ for preventing me from buying my wife a diamond, and getting her a much prettier moissanite instead. It's been on hn's front page several times.
I would like to have done this. Maybe we’ll get it reset with a proper, clean, nice man made one instead!
Why would you burn more resources to replace an existing diamond?
Re: The diamond world takes radical steps to stop a pricing plunge
#60Earlier quoted context omitted.
Get what?
He doesn't get that a cartel manufactured a social ritual of conspicuous consumption (and a fairy tale to go with it).
Our friends and family were obsessed and not six months later I got a text from a now engaged friend who wanted to know how we found them. He also opted for a green sapphire because it matched her eyes.
Non-diamond rings sell themselves, someone (and it can be you) just needs to break the seal.