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Have You Ever Tried to Sell a Diamond? (1982)

theatlantic.com

101–110 of 239 posts

Re: Have You Ever Tried to Sell a Diamond? (1982)

#101

Wow, absolutely brilliant. I can't believe this article popped up on HN's front page tonight. I just got back from looking at engagement rings with my girlfriend. I've known about this monopoly for a while, and so has she. Heck, one of the first movies we watched together when we first started dating 7 years ago was Blood Diamond. Here's the conversation we had while in the jewellery store tonight. Me: "Sweety, I rea…

Stick with your guns. Why would you buy a diamond when you're so opposed to it for perfectly valid (although potentially subjective) reasons? Does the perception of other people that you are "too poor to afford a real ring" matter to you so much?

My wife was appalled when I told her I refused to buy her a diamond engagement ring. "Why wouldn't you want to give me a diamond ring? I couldn't marry someone who wouldn't give me a diamond ring."

We're married now and she doesn't even wear the sapphire ring that I bought for her because of chores, etc. Sure, she had to explain to almost everyone why it wasn't a diamond ring but that just means that she had one more topic to go through with her friends.

Re: Have You Ever Tried to Sell a Diamond? (1982)

#102
post #59

Earlier quoted context omitted.

Good luck. It's akin to convincing your SO that you don't want to celebrate Christmas because it's a product of retail marketing.

Oh, did I mention that our family hasn't bought one another gifts on Christmas ever sine I was about 12 years old? :) Maybe there is hope after all! (not)

Well. We can't all be generalists.

Re: Have You Ever Tried to Sell a Diamond? (1982)

#103
post #47

Wow, absolutely brilliant. I can't believe this article popped up on HN's front page tonight. I just got back from looking at engagement rings with my girlfriend. I've known about this monopoly for a while, and so has she. Heck, one of the first movies we watched together when we first started dating 7 years ago was Blood Diamond. Here's the conversation we had while in the jewellery store tonight. Me: "Sweety, I rea…

I actually had this argument as well recently. She however did agree with me and is now sporting a Sapphire engagement ring. It does have some diamonds on it but the main stone in Sapphire. She wanted it because she didn't want what everyone else had. Not sure how old you are, but I have also noticed this trend in Gen Y (friends like myself) starting to get colored gemstones. Of course this is totally anecdotal but m…

Sapphires are actually even more bizarre. They can be produced artifically, at perfect quality and any size, relatively cheaply. The only way to distinguish natural ones is by their impurities. The artificial ones are literally a superior product in every way, yet are considered "fake" and thus disgraceful to wear.

Re: Have You Ever Tried to Sell a Diamond? (1982)

#104
Great read. Amazing what wealthy interests can do to a market. I had to smile at the ending:

"By the mid-1980s, the avalanche of Australian diamonds will be pouring onto the market. Unless the resourceful managers of De Beers can find a way to gain control of the various sources of diamonds that will soon crowd the market, these sources may bring about the final collapse of world diamond prices. If they do, the diamond invention will disintegrate and be remembered only as a historical curiosity, as brilliant in its way as the glittering little stones it once made so valuable."

As the diamond market hasn't collapsed 30 years on, De Beers must still be doing something right.

Re: Have You Ever Tried to Sell a Diamond? (1982)

#105
post #95

Earlier quoted context omitted.

A belief in a higher power can easily be a rational decision.

Interesting: how can a belief ever be a rational decision? Isn't it irrational by definition?

Look up Pascal's wager. Te postulates are debatable, but it's certainly a rational argument.

Re: Have You Ever Tried to Sell a Diamond? (1982)

#106
post #74

Earlier quoted context omitted.

Thank you for the link! I've been trying to find a decent source for conflict-free diamonds, and this seems to fit the bill. I hope I can convince my girlfriend to go with an alternative, but this is likely a battle that I will lose. The issue centres around the social stigma of not having a diamond ring. Friends and family will ask what the stone is, and need to be educated. And no matter what you tell them, the per…

You could do the economist thing and try to phrase it in terms of opportunity cost. That is, by insisting on a diamond, she's giving up a moissanite stone that's 5 times the size; by insisting on an uncultured diamond she's giving up a diamond that's twice the size (and more pure to boot).

This is the intersection between Macro economic theories (op cost) and consumer behavior. And that too, one of the most emotionally charged decisions people make in their life times - marriage.

I would be extremely hesitant about using that particular gambit.

Re: Have You Ever Tried to Sell a Diamond? (1982)

#107
post #91

Wow, absolutely brilliant. I can't believe this article popped up on HN's front page tonight. I just got back from looking at engagement rings with my girlfriend. I've known about this monopoly for a while, and so has she. Heck, one of the first movies we watched together when we first started dating 7 years ago was Blood Diamond. Here's the conversation we had while in the jewellery store tonight. Me: "Sweety, I rea…

She even told you her true requirement, which is to look good for her girlfriends. (Watch what happens when ladies announce an engagement or look for the ring shot on Facebook, then tell me I'm off base.) You did not sell her a product which would make her the envy of her girlfriends. "Cheaper than their rings" is the opposite of a victory condition. Don't sell cheap. Sell authentic, sell natural, sell one-of-a-kind,…

> Don't sell cheap. Sell authentic, sell natural, sell one-of-a-kind, sell meaning, sell status, sell a story, etc.

Basically: sell it better than De Beers has been doing for over half a century.

i.e. best of luck!

Re: Have You Ever Tried to Sell a Diamond? (1982)

#108
post #105
post #95

Earlier quoted context omitted.

Interesting: how can a belief ever be a rational decision? Isn't it irrational by definition?

Look up Pascal's wager. Te postulates are debatable, but it's certainly a rational argument.

He doesn't really show that it is possible to believe something intentionally, though.

Re: Have You Ever Tried to Sell a Diamond? (1982)

#109
This article is regularly submitted to HN, but it's good reading every time. Winning the war against the marketing of the diamond industry will be hard, but a start is to keep spreading articles like the following:

http://www.huffingtonpost.com/ira-weissman/7-reasons-why-you...

7 REASONS WHY DIAMONDS ARE A WASTE OF YOUR MONEY

I've been in the diamond business for over 10 years. I've traveled all over the world buying and selling diamonds. I've passed through most of the major airports across the United States with about a million dollars worth of diamonds in a leather wallet stuffed inside my pants. I've bought and sold diamonds in Dubai, Mumbai, Moscow, Hong Kong, Paris, Stockholm, Tel Aviv, Madrid and Barcelona. Even today I am involved on the fringe of the diamond business, running a diamond education site helping would-be buyers.

Considering my deep personal involvement in the diamond business, my opinion might surprise you -- diamonds are a terrible waste of your money.

Even if this article doesn't convince your female friends, it'll spread some awareness and cause more people to view diamond engagement rings with a bit of doubt.

When I shared it on Facebook, I got likes from only male friends and arguments from a female friend. This was slightly unusual because such topics normally get a few likes from female friends. I guess there's a serious uncertainty among my friends about throwing away the valuing of diamonds that's been strongly ensconced in the minds of wider society.

Fundamentally, a large part of the worth of diamonds comes from their cost and the sacrifice they represent. This in turn is a conspicuous signaller of value, when women show their diamonds to friends ("look how much he loves me"). So any alternative to diamond rings has to show a similar level of value/worth. We have to try to beat diamond marketers at their own game - with equally powerful anti-marketing.

I'd advocate an approach of laying the groundwork early by sharing such articles regularly, and when actually in a relationship, offering a display of value that she appreciates (e.g. memorable trip to Europe, endowment to a cause of her choice, a custom-designed gemstone) in tandem with asking her to consider other gemstones, perhaps one in her favorite color. If the ground's been softened by our combined anti-marketing campaign, she might be willing to select and customize a stone that she genuinely finds beautiful and accept your specially planned trip (maybe extend it to Asia too, to up the friends'-envy quotient).

Or at least I hope as much.

Re: Have You Ever Tried to Sell a Diamond? (1982)

#110
post #74

Earlier quoted context omitted.

Thank you for the link! I've been trying to find a decent source for conflict-free diamonds, and this seems to fit the bill. I hope I can convince my girlfriend to go with an alternative, but this is likely a battle that I will lose. The issue centres around the social stigma of not having a diamond ring. Friends and family will ask what the stone is, and need to be educated. And no matter what you tell them, the per…

You could do the economist thing and try to phrase it in terms of opportunity cost. That is, by insisting on a diamond, she's giving up a moissanite stone that's 5 times the size; by insisting on an uncultured diamond she's giving up a diamond that's twice the size (and more pure to boot).

Real people do not behave as the homo-economicus of economics papers would have you believe. Especially when it comes to life-altering choices and the signs and symbols associated with them.

Short version: do not do this, for it will rebound on you horribly.

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