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What a beautiful site.
The subtle pink background, the choice of font, the minimal appearance (true to the spirit of being minimal, not just dead-ass simple), the way images are woven through, the footnotes, ...
Excellent execution!
Over the past 10 years, there has been an explosion in cheap lab diamond and moissanite producers in China and India. 10 years ago, it was hard to find quality lab diamonds at a reasonable price, and moissanite was still reasonably expensive at $400-600/ct. Today, given cutthroat competition and "race to the bottom" pricing strategies, lab diamonds are ubiquitous, extremely high quality, and cheap. Less than $200/ct…
Profound hubris in an otherwise interesting article.
Over the past 10 years, there has been an explosion in cheap lab diamond and moissanite producers in China and India. 10 years ago, it was hard to find quality lab diamonds at a reasonable price, and moissanite was still reasonably expensive at $400-600/ct. Today, given cutthroat competition and "race to the bottom" pricing strategies, lab diamonds are ubiquitous, extremely high quality, and cheap. Less than $200/ct…
They never had any value, apart from specialized ie glass cutting tool. Only when DeBeers realized they could push some fictious heavy marketing 'to prove your worth to woman you are asking to marry' for those shiny stones nobody wanted to buy, people who didn't know better got manipulated into buying them. They are supposedly very common in universe, and probably in deeper Earth too. Correction is healthy and benefi…
This is true with some qualifications. If you're interested in the kind of investment grade diamonds that a major auction house would deal with, then you're looking at heavy weights and/or fancy colors that synthetics can't reach yet. In the diamond trade the word "paragon" is sometimes reserved for flawless or near-flawless stones above 100 carats, of which there is a long list of famous examples, but the largest ge…
Earlier quoted context omitted.
Go direct to the source and you can get 2ct colorless diamonds at less than $600 shipped. e.g., https://detail.1688.com/offer/751071300271.html There are literally hundreds of suppliers like that in China/India. Do not pay more than $1000 for a diamond of any size.
Link is not working, can you tell me what to search?
I have seen lab grown diamond being quite a bit cheaper than mined ones for a while now. As in ×2 to ×3 times cheaper even. And yes, funnily it seems that the purer a diamond is (clear, few impurities etc) the higher its price/carat, until it is so pure that it means it is a lab grown diamond and not a natural one and the price drops
Veblen good.
So it's less like gold which is fungible and a more natural form of money.
Diamonds feel more like an NFT...
Mostly irrelevant when it comes to the value, sadly. Especially for engagements.
Similar things can be said about lavish weddings couples can't afford and go into debt for. It's a culture of spectacle and pretense. If you're not a rich aristocrat, don't pretend to be one. You're not "temporarily embarrassed millionaires".
This is true with some qualifications. If you're interested in the kind of investment grade diamonds that a major auction house would deal with, then you're looking at heavy weights and/or fancy colors that synthetics can't reach yet. In the diamond trade the word "paragon" is sometimes reserved for flawless or near-flawless stones above 100 carats, of which there is a long list of famous examples, but the largest ge…
A diamond the size of a moon? Does that mean it's a single molecule of pure carbon the size of the moon? I wonder what effects gravity has at that scale