Go with moisonnaite, not lab grown diamonds!
Moissanite is... also lab grown?
Diamond industry 'in trouble' as lab-grown gemstones tank prices further
11–20 of 41 posts
Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further
#12Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further
#13Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further
#14Good. Diamond is a wonder material that would bring about dramatic changes if it were more widely available. Not just grit or gemstones, it’s conductive and self lubricating properties are woefully under utilized. Imagine ways, diamond coated shafts, and bearings that last billions of cycles. Not to mention its semiconductor properties.
Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further
#15Good. Diamond is a wonder material that would bring about dramatic changes if it were more widely available. Not just grit or gemstones, it’s conductive and self lubricating properties are woefully under utilized. Imagine ways, diamond coated shafts, and bearings that last billions of cycles. Not to mention its semiconductor properties.
[deleted]
Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further
#16Good. The diamond industry has destroyed multiple countries, one of which I lived in (Sierra Leone). Screw em.
Also the only reason the prices of “natural” diamonds are high is because of intentionally constricted supply
Seriously. De Beers has held as many diamonds in storage as the entire world supply, specifically to manipulate the "industry".
Personally, the idea that everyone has to have one to get married is just stupid.
Sadly, the meme generations have just reinforced these ritual practicies...
Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further
#17Good. The diamond industry has destroyed multiple countries, one of which I lived in (Sierra Leone). Screw em.
Also the only reason the prices of “natural” diamonds are high is because of intentionally constricted supply
This limits the supply, but we also must remember that the reason there's enough demand to justify the diamond industry to do this kind of shady stuff is due to marketing. I seriously doubt that diamonds, and especially natural diamonds, would be as popular as they are without the marketing, since the lab-grown ones are indistinguishable in all but price, if one wants one.
Famously of course, marketing is responsible for the relative prevalence of diamond wedding and engagement rings. That they'd have to be worth N months' or years' salary? All marketing. And it has clearly worked, given how prevalent it is. And it has worked so well in fact, that this very idea has been embedded into wide parts of Western society.
Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further
#18Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further
#19Earlier quoted context omitted.
Also the only reason the prices of “natural” diamonds are high is because of intentionally constricted supply
This limits the supply, but we also must remember that the reason there's enough demand to justify the diamond industry to do this kind of shady stuff is due to marketing. I seriously doubt that diamonds, and especially natural diamonds, would be as popular as they are without the marketing, since the lab-grown ones are indistinguishable in all but price, if one wants one. Famously of course, marketing is responsible…
> I seriously doubt that diamonds, and especially natural diamonds, would be as popular as they are without the marketing, since the lab-grown ones are indistinguishable in all but price, if one wants one.
Price is often the point. Diamonds are conspicuous wealth, an easy way to demonstrate "I'm better than you because my diamond is bigger/clearer/natural" for people who think like that.
Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further
#20Down 17% in nominal terms over the last 10 years [1]. Add the 32% the dollar has lost in that period [2], and you’re looking at a 50% drop in purchasing power.
You’d have done much better in Treasuries [3].
[1] https://www.paulzimnisky.com/roughdiamondindex