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Diamonds Are Bullshit

blog.priceonomics.com

441–450 of 774 posts

Re: Diamonds Are Bullshit

#441
post #423

Earlier quoted context omitted.

Financial security and status are two sides of the same coin.

Except that women value Financial security only when they grow old and are in need of money. While they are young, status is the deal they want because of pressures from social circles.

“From birth to age 18, a girl needs good parents, from 18 to 35 she needs good looks, from 35 to 55 she needs a good personality, and from 55 on she needs cash.” --Sophie Tucker

Re: Diamonds Are Bullshit

#442

Earlier quoted context omitted.

So the world is filled with gold-diggers? No. Not true. You'll find it shocking that in some parts of the world people are happily married without any jewelry at all.

I find it shocking that there are people that think that a woman wanting financial security makes that woman a 'gold-digger'.

The implication, in this context, is that the man and the woman would have very unequal shares of financial responsibility (or expectations). That's why she would be perceived as a gold digger.

Re: Diamonds Are Bullshit

#443
post #99
post #48

This article is interesting. I remember in Geology class when our teacher explained that you could make synthetic diamonds for a fraction of the price of a real diamond. He then asked all the women if they would rather have a natural diamond or a synthetic diamond, and almost all of them raised their hands. He then went on to explain that it was like the difference between natural ice and ice made in a freezer. He as…

I did a fair amount of research on this when shopping for my wife, and couldn't find any decent sized (say, larger than ~1/2 carat) clear synthetic diamonds. There were some options in yellow or pink, but I didn't find a thriving manufactured diamond industry I thought I would find. Regardless, even if I had, manufacturers of gem grade diamonds wouldn't need to undercut the price of natural diamonds by much. The cart…

Agreed. Does anyone know a reliable place to buy man-made diamonds? I never found one during my search.

Re: Diamonds Are Bullshit

#444

Earlier quoted context omitted.

I've had this discussion on reddit far too many times with too many incredulous responses to what is plainly obvious if you're willing to see it: http://www.psy.cmu.edu/~rakison/bussandschmitt.pdf Yes, women seek men with status and financial security. I'd give you a pointer to a specific line or paragraph, but its all relevant.

Men seek out highly attractive women using different criteria, but that doesn't mean they're successful . There's a difference between wanting something and demanding it.

I'm not sure what your point is.

Re: Diamonds Are Bullshit

#445

Earlier quoted context omitted.

I've had this discussion on reddit far too many times with too many incredulous responses to what is plainly obvious if you're willing to see it: http://www.psy.cmu.edu/~rakison/bussandschmitt.pdf Yes, women seek men with status and financial security. I'd give you a pointer to a specific line or paragraph, but its all relevant.

Men seek out highly attractive women using different criteria, but that doesn't mean they're successful . There's a difference between wanting something and demanding it.

I'm not sure what your point is.

Re: Diamonds Are Bullshit

#446

Earlier quoted context omitted.

Seeking financial security != gold digging. It's not sexist or derogatory. Financial security and status are evolutionary concepts that predate the diamond district. Diamonds are just one manifestation of a deeper, hardwired instinct to seek fit and capable mates. This isn't a cynical concept, it's backed by studies of the entire animal kingdom, not just humans.

There are better ways to demonstrate your capability as a provider and evidence of financial security than buying diamond rings. For example, demonstrate you can care for a dog goes a long way. Owning and maintaining a house even further. A friend of mine got married. He could've bought his wife an extravagant engagement ring, but he put it to her in different terms, along the lines of: "Would you like an expensive r…

Why do people insist on citing outliers as if that somehow negates the trend? It really derails and otherwise productive discussion. Yes, for every general rule there are always outliers. It's so obvious that it serves no useful purpose to state it explicitly.

Re: Diamonds Are Bullshit

#447
post #166
post #132

(person I know) worked for GE (General Electric) on their industrial diamond production process back in the 90's, and I got to hear lots of fun stories from this. Diamonds that are man-made[1] are stronger (fewer imperfections) than those that are mined from the earth. Because of this, industrial diamonds tend to be man-made. (for reference, industrial diamonds when cutting hard materials, such as metals). While work…

> so they just leave De Beers to run around gouging consumers That's kind of missing the point. If diamonds were 5 bucks a piece, women would no longer be interested in receiving rings bejeweled by them. A woman wants a man who is financially secure. If you can't afford a shiny rock, you can't afford what's coming after it either, so there's no point.

Works the other way round as well: If your spouse can't be talked out of a vain purchase with a rational argument, you won't be able to do that after it either, so there's no point.

Re: Diamonds Are Bullshit

#448
post #166

Earlier quoted context omitted.

> so they just leave De Beers to run around gouging consumers That's kind of missing the point. If diamonds were 5 bucks a piece, women would no longer be interested in receiving rings bejeweled by them. A woman wants a man who is financially secure. If you can't afford a shiny rock, you can't afford what's coming after it either, so there's no point.

It doesn't have anything to do with financial security. Look, if your man is spending three months worth of salary on a piece of shiny rock, he is exercising poor financial judgment and that is a signal against future financial security. Women want diamonds not because of any symbolic reasons ("Diamonds are forever!") but because of reasons that are much more practical: they want to be able to show off the diamonds t…

>Women want diamonds not because of any symbolic reasons ("Diamonds are forever!")

The funny thing is that diamonds are one of the most unstable minerals when taken out of the conditions they were formed. Although, it would still take thousands of years for them to turn into graphite.

Re: Diamonds Are Bullshit

#449

Earlier quoted context omitted.

It doesn't have anything to do with financial security. Look, if your man is spending three months worth of salary on a piece of shiny rock, he is exercising poor financial judgment and that is a signal against future financial security. Women want diamonds not because of any symbolic reasons ("Diamonds are forever!") but because of reasons that are much more practical: they want to be able to show off the diamonds t…

>Women want diamonds not because of any symbolic reasons ("Diamonds are forever!") but because of reasons that are much more practical: they want to be able to show off the diamonds to their group of (female) and boost their social status among them. I suspect that the demand for diamonds for both men and women has way less to do with that kind of forward thinking (or subconscious status weighing), and way more to do…

I don't think there has to be merely one single solitary reason for the popularity of diamonds. Whenever you see profound effects (in this case, a massive number of people people grossly overpaying for a useless rock), it's worth considering the possibility that you have several strong forces all pushing in the same direction. In this case, yes, advertising doesn't hurt. But there are plenty of other factors that may be contributing:

Social Proof, Envy - You're 28. Many of your good friends are married or engaged by now. All of them got diamonds. Your mother got a diamond. Your sister got a diamond. All of your celebrity idols got diamonds. Surely, it's a normal thing. There's nothing wrong with you wanting one, too, right?

Doubt, Insecurity - You're dating the man of your dreams. You love him and want to spend the rest of your life with him. Marriage is a big step, and you want to know he's committed. Sure, diamonds are useless and overdone, but it's expected of him to get you one. And a big one, too, if he can. You know it. He knows it. So if he doesn't, surely it's a subtle way of him saying, "You aren't worth it."

Fear of Loss - You've been looking forward to this your entire life. By the time you were old enough to consider the possibility that diamond-giving is a dumb and arguably immoral tradition, you'd already spend 15 or 20 or 25 years wanting one. You'd already accepted that you would get one. The fear of loss is a powerful force, even when you're "losing" something you don't have yet.

Inconsistency Avoidance - Refusing to accept a diamond would undoubtedly and repeatedly put you in the position to explain yourself. In a way, it's a silent judgment of all those who do accept diamonds. You've never denounced them in the past. In fact, you were right there with all your friends joking about how big of a rock you'd get some day. So denouncing them today will seem inconsistent, and you don't want to be inconsistent. Nobody does. (If you doubt this this a major psychological factor capable of influencing behavior, read Cialdini's "Influence".)

Etc.

Advertising spend in and of itself isn't a reason people buy things. Nobody ever said, "I want a Coke because Coca-Cola spent $3B on marketing this year." Instead, people want things for primarily carnal and psychological reasons. Because it's hot outside and you know Coke is cold. Because you're craving stimulation and you know carbonation tickles your mouth. Because you know your friends with their big expensive rings will think less of your relationship if you don't get one, too.

Good marketers understand human psychology and play to its weaknesses.

Re: Diamonds Are Bullshit

#450

Earlier quoted context omitted.

Try sending her this article. I'd rather be single than marry someone who has so much more emotion than logic. To put it another way: If the ring is more important to the woman than I am, then she's not marrying me, she's marrying the ring. It's a huge red flag to me.

On the list of things that could be wrong in a relationship, wanting a diamond engagement ring is probably pretty low on the things to worry about. They're not marrying the ring, they're marrying you, but the ring is a signal about your relationship.

How about a reverse signal: will she still love you without the ring?
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