Earlier quoted context omitted.
The psychology of diamonds only works if you pay a lot for the stone. I would posit that synthetic diamonds fail for the same reasons that knock-offs like cubic zirconiums fail. They don't deliver on the promise of the advertising. The advertising promises that your love can only be shown by spending a lot of money on this specific thing with these specific set of arbitrary selected attributes. E.g., it must come fro…
It's like believing in the Tooth Fairy or the Easter Bunny, but for adults. What other manufactured fairy tales have huge quantities of humans swallowed hook line and sinker?
If you blind taste test wines, it looks like there's nearly no correlation between price and quality above $5-$10 a bottle.