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Diamonds Are Bullshit

blog.priceonomics.com

61–70 of 774 posts

Re: Diamonds Are Bullshit

#61
Please don't remind me about this. I'm pretty sure every guy knows all this already and unless you have a super hippy / progressive girlfriend (and even then..) you will ultimately find out that even the most rational women could give a crap about the economic / social realities of the diamond market and still "need" a diamond of X carat in order to impress their family and friends.

DeBeer's wins. Either you get over it, or you end up heartbroken or with a very grumpy fiance.

Re: Diamonds Are Bullshit

#62
post #52

Maybe I'm spoiled as a nerdy (and interested in nerdy) gay guy, but I pity those in this thread saying that their fiancee wouldn't listen to reason about this. It slays me that "tradition" is so important to people that they will waste such vast amounts of money and prop up such a gross, violent industry in the face of reason.

My sister is still mad as hell at her husband for not having spent enough for their wedding (he spent about $25k), and I've heard her once or twice complain about the ring. I'll occasionally take shots at my sister for this (because, well, she's my sister and she loves taking shots at me too so it's fair). But my God I don't dare challenge the issue of spending extravagantly on rings/weddings with another woman (I on…

Nit: "...mental happiness"

Emotion is all in your head after all. :-)

Re: Diamonds Are Bullshit

#63
You don't have to buy your diamond at a jeweler - in fact you shouldn't unless you like wasting money.

There are plenty of diamond exchanges online. You buy the diamond and the setting separately, and then bring them to any jeweler to set it.

Also, you can buy moissanite instead - it's cheaper and hard to tell apart. Much better quality than cubic zirconia.

Because of a stupid patent you can't buy pre-made moissanite jewelery, instead you buy the stone and the setting separately.

Re: Diamonds Are Bullshit

#64

Earlier quoted context omitted.

The carbon is a proxy (which is missed in the article, among other things.) It's social signaling. Or to put it another way: How many $$ can your man throw away without incurring pauperhood?

Like coloured feathers on a bird. Could you imagine if the story was just slightly changed: "Let's admit that women buying sports cars for their fiancé-to-be is bullshit." Hmmmm... Now I want a Z4 Zagato. But in all seriousness this would have ended in the 70s when feminist protests started.

70s? Don't forget the Suffragettes!

Re: Diamonds Are Bullshit

#65

Earlier quoted context omitted.

The carbon is a proxy (which is missed in the article, among other things.) It's social signaling. Or to put it another way: How many $$ can your man throw away without incurring pauperhood?

Like coloured feathers on a bird. Could you imagine if the story was just slightly changed: "Let's admit that women buying sports cars for their fiancé-to-be is bullshit." Hmmmm... Now I want a Z4 Zagato. But in all seriousness this would have ended in the 70s when feminist protests started.

> But in all seriousness this would have ended in the 70s when feminist protests started.

I started dating in the 70s: I thought it was a period of bizarre contrasts.

But then as time went by, I realized dating has been bizarre since the time we were all living in caves.

Re: Diamonds Are Bullshit

#66

Maybe I'm spoiled as a nerdy (and interested in nerdy) gay guy, but I pity those in this thread saying that their fiancee wouldn't listen to reason about this. It slays me that "tradition" is so important to people that they will waste such vast amounts of money and prop up such a gross, violent industry in the face of reason.

Nobody does it "for the sake of tradition". It is a web of expectations where the cost of bucking the expectations is great enough that buckling often is the more attractive option. It is also a well-entrenched example of costly signaling [1] in humans [2] (For the lazy, costly signaling basically says, a costly empty gesture is a strong indicator of mate quality, because only a high-quality mate can afford to waste…

Sorry, the link to honest signaling is a bit lost on me, can you elaborate? Are you saying that people buy diamond rings because it's expected? I would hope there would be a discussion about that before going out and buying a ring. (And if not, I would consider that part of the "tradition" of: the man must propose, the man must spend a fortune on the ring, the man must surprise the woman on one knee, etc). Anyway, sorry if I'm misunderstanding you, just not 100% sure what you mean.

Re: Diamonds Are Bullshit

#67

Maybe I'm spoiled as a nerdy (and interested in nerdy) gay guy, but I pity those in this thread saying that their fiancee wouldn't listen to reason about this. It slays me that "tradition" is so important to people that they will waste such vast amounts of money and prop up such a gross, violent industry in the face of reason.

I'm a straight guy. Having grown up in the culture I grew up in, I have some irrational, socialized preferences of my own.

Having an understanding with my partner that we're willing to indulge each others irrational, socialized preferences does have its upsides.

Re: Diamonds Are Bullshit

#69

Maybe I'm spoiled as a nerdy (and interested in nerdy) gay guy, but I pity those in this thread saying that their fiancee wouldn't listen to reason about this. It slays me that "tradition" is so important to people that they will waste such vast amounts of money and prop up such a gross, violent industry in the face of reason.

Nobody does it "for the sake of tradition". It is a web of expectations where the cost of bucking the expectations is great enough that buckling often is the more attractive option. It is also a well-entrenched example of costly signaling [1] in humans [2] (For the lazy, costly signaling basically says, a costly empty gesture is a strong indicator of mate quality, because only a high-quality mate can afford to waste…

expectation/tradition

toh-may-toh/toh-mah-toh

Re: Diamonds Are Bullshit

#70
Indeed, they are a scam. A trend I've observed is to create an item or have an item created with immense personal value (though not necessarily much "material value"). The most common examples of this I see are custom and hand made rings of various cheap materials with interesting and personal designs.

That's the kind of thing I think is a good idea.

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