Live data from Hacker News

The diamond world takes radical steps to stop a pricing plunge

bloomberg.com

161–170 of 619 posts

Re: The diamond world takes radical steps to stop a pricing plunge

#161

Oh no, a cartel poised on a scam is losing money! Won't somebody please think of the hedge funds!

The whole diamond market absolutely is a scam, you'd think it would violate some anti-trust laws of some sort but apparently no, everything is "legal"... go figure.

Re: The diamond world takes radical steps to stop a pricing plunge

#162
post #99

Earlier quoted context omitted.

Do you, uh... want to explain? It's definitely a cringy, antiquated phrase, but it doesn't seem harmful. People with wives should tie their own happiness to their wife's, shouldn't they?

> People with wives should tie their own happiness to their wife's, shouldn't they? I think it's more that the expectation that husbands exist to serve their wives is harmful. Be honest, do you really think a phrase meaning "keeping your husband happy and satisfied would make your life better" is not harmful?

it's both actually.

it is each partners responsibility to make the other happy.

so thinking that it is not your responsibility to make your partner happy is the harmful part.

Re: The diamond world takes radical steps to stop a pricing plunge

#163

Earlier quoted context omitted.

Better advice: upgrade to a fiance that isn't distracted by pointless bling.

oh yes preference for a diamond ring is definitely a dealbreaker

It's not about a diamond ring but what is behind that preference. Could be different things but some of them are a huge red flags. It's a lot better to marry someone that do not have that preference.

Re: The diamond world takes radical steps to stop a pricing plunge

#165
post #99

Earlier quoted context omitted.

Do you, uh... want to explain? It's definitely a cringy, antiquated phrase, but it doesn't seem harmful. People with wives should tie their own happiness to their wife's, shouldn't they?

> People with wives should tie their own happiness to their wife's, shouldn't they? I think it's more that the expectation that husbands exist to serve their wives is harmful. Be honest, do you really think a phrase meaning "keeping your husband happy and satisfied would make your life better" is not harmful?

The happiest relationships result from both partners putting the other first. This forum is predominantly men. As a woman, I see variations on that "keep the hubby happy" phrase all over womens' spaces. So yeah. Some equality here is a little refreshing.

Re: The diamond world takes radical steps to stop a pricing plunge

#166

Earlier quoted context omitted.

Better advice: upgrade to a fiance that isn't distracted by pointless bling.

oh yes preference for a diamond ring is definitely a dealbreaker

god forbid you should ever decide you want a sports car as a husband

Re: The diamond world takes radical steps to stop a pricing plunge

#167
post #41

Diamonds 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.

If you think about it, a ring is just as unneeded as a diamond. The situation is that a diamond ring has become a social norm. I would bet that if you ask most women whether they want a diamond engagement ring or another type of rock, they will pick the diamond ring by an overwhelming majority. Imagine a woman telling others about their engagement and showing a rock other than a diamond. It would be a disappointment…

That's a framing issue.

"Should we spend $X of our now common budget on a ring, or spend $Y If she says "the ring" to that, consider a replacement.

Re: The diamond world takes radical steps to stop a pricing plunge

#168
post #70

Earlier quoted context omitted.

And make sure you appraise her of it - shenanigans like buying something else and passing it off as a diamond could result in her being absolutely embarrassed in front of her friends, which should not be a position you want to put her in.

From what I hear, moissanite (and man-made diamonds) are pretty much indistinguishable from natural diamonds. How would someone's friends figure out that it's not a natural diamond? I would think the only way the wife would know is if she asked about the diamond's papers, if she was going to get an insurance policy for it or something.

Synthetic diamonds are insitinguishable to the naked eye from natural diamonds (hint: they contain less impurities), but the moissante refracts the light in a different, more colourful, way that I personally don't like. Lab grown diamonds are the way to go if you or your partner don't like moissante, DeBeers or forced child labour. Specialized jewelers can tell if a diamond is lab grown or natural.

https://en.m.wikipedia.org/wiki/Synthetic_diamond

https://en.m.wikipedia.org/wiki/Child_labour_in_the_diamond_...

Re: The diamond world takes radical steps to stop a pricing plunge

#169
post #128

Earlier quoted context omitted.

It can feel like a bad luck kind of thing. Basically the only reason someone would have to sell their wedding rings are divorce or some other downturn. And don't want to invite bad luck by buying it. Similar to not buying clothing from someone deceased or a wedding dress from someone divorced. Can argue that this is not very rational. But much about the wedding process isn't :)

Just gotta market it right. Maybe section off by length of marriage and dissolved by death or divorce. A 60 year marriage, ended by death of one spouse shouldn't be unlucky. Especially if it was actually the death of both spouses in some tragically romantical way.

You bought me a train wreck diamond???

Don't underestimate the power of superstition.

Re: The diamond world takes radical steps to stop a pricing plunge

#170
post #41

Diamonds 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.

Sorry for your friend, but that is a discussion you have to have at least danced around a little. Like which cut and whether she really cares about it. I'd say he dodged a bullet if she dumped him outright over that. I could understand a polite "no I don't like that ring, try again", but treating that like a deal breaker, wow.

She eventually accepted once he got a proper ring.
Post reply on HN