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Diamond prices are in free fall in one key corner of the market

bloomberg.com

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Re: Diamond prices are in free fall in one key corner of the market

#241

Post by ryanwaggoner »

javajosh wrote: post #220
kemayo wrote: post #192

Earlier quoted context omitted.

> It's not clear to me what reason a rational person has for NOT getting divorced after enough time has elapsed that alimony is possible. I mean, assuming that you like your spouse, it's a perfectly rational decision to stay with them despite it being possible to make money by leaving them. It's economics-paper level sociopathy to suggest that "I could maximize my personal income by divorcing the person I love" is an…

Believe it or not, love is not a constant, it's a time-dependent function.

In which direction?

And is that universally true? Does it apply to all relationships, like parents for their children?

Re: Diamond prices are in free fall in one key corner of the market

#243

Post by rkuska »

typest wrote: post #104

I just got engaged. When we looked at rings, the jeweler asked my fiancé if she wanted natural or synthetic, and she responded “I don’t want a blood diamond!!” Of course, mined diamonds aren’t blood diamonds, but her impression was still they were a little ickier. The jeweler told me that one reason to get a natural diamond was that the prices of lab grown diamonds had been falling, whereas natural hasn’t as much, so…

When I proposed I got a ring with natural diamond. But being aware of all the shenanigans around diamonds I decided to get imperfect diamond. Especially because of the artificial diamonds - I assumed they would strive for perfect diamonds and therefore would make my imperfect one more unique later. Salt & pepper one. It looks like somebody has trapped a galaxy inside it. It's beautiful and it didn't cost much (compared to pure diamonds).

Re: Diamond prices are in free fall in one key corner of the market

#244

Post by imtringued »

javajosh wrote: post #220
kemayo wrote: post #192

Earlier quoted context omitted.

> It's not clear to me what reason a rational person has for NOT getting divorced after enough time has elapsed that alimony is possible. I mean, assuming that you like your spouse, it's a perfectly rational decision to stay with them despite it being possible to make money by leaving them. It's economics-paper level sociopathy to suggest that "I could maximize my personal income by divorcing the person I love" is an…

Believe it or not, love is not a constant, it's a time-dependent function.

You have ruined your own argument though. Divorce because you no longer love your husband is a completely different thing than divorcing because of monetary incentives.

Re: Diamond prices are in free fall in one key corner of the market

#245

Post by fatuna »

javajosh wrote: post #191
typest wrote: post #104

I just got engaged. When we looked at rings, the jeweler asked my fiancé if she wanted natural or synthetic, and she responded “I don’t want a blood diamond!!” Of course, mined diamonds aren’t blood diamonds, but her impression was still they were a little ickier. The jeweler told me that one reason to get a natural diamond was that the prices of lab grown diamonds had been falling, whereas natural hasn’t as much, so…

Sorry to be negative, but I think the conventions around marriage needs to be redone alongside all the other changes around marriage. To wit, the ability of a woman to divorce you and receive alimony and child support for basically the rest of her life. It's not clear to me what reason a rational person has for NOT getting divorced after enough time has elapsed that alimony is possible. Roughly 50% of marriages end i…

"Be smart and" don't get an expensive ring! Spend that money on your honeymoon, wedding, just save it, or donate it to a charity. Doing anything else makes more sense really.

Re: Diamond prices are in free fall in one key corner of the market

#246

Post by martin8412 »

Nursie wrote: post #205
typest wrote: post #104

I just got engaged. When we looked at rings, the jeweler asked my fiancé if she wanted natural or synthetic, and she responded “I don’t want a blood diamond!!” Of course, mined diamonds aren’t blood diamonds, but her impression was still they were a little ickier. The jeweler told me that one reason to get a natural diamond was that the prices of lab grown diamonds had been falling, whereas natural hasn’t as much, so…

> so the ring would hold more value A nice little white lie by omission anyway, as the resale value of a diamond drops up to 50% when it leaves the store! If you were planning for an investment, you'd be better off looking elsewhere.

Unless you're buying a named diamond, it's close to worthless. Diamonds of the size used for marriages are not rare. They're super abundant, with the supply artificially limited by the diamond cartel.

Re: Diamond prices are in free fall in one key corner of the market

#247

Post by boesboes »

defrost wrote: post #226
meinmissoula wrote: post #173

Earlier quoted context omitted.

> Of course, mined diamonds aren’t blood diamonds, but her impression was still they were a little ickier For all intents and purposes, they are. The voluntary processes the diamond cartels adopted to supposedly reduce diamonds coming out of "conflict areas" are a joke. Most diamonds are mined under exploitive conditions, often with severe ecological impact, and the owners are almost without exception "blood on their…

Here you go, a 100% guaranteed conflict free blood red diamond https://www.australiandiamondvalley.com.au/products/10ct-aut... https://www.solidgold.com.au/argyle-red-diamonds.html If you object to the mine owners (rio tinto) "blood on their hands" (from > 2,000 years of mining since Roman occupied Spain) then get rid of all your steel products as they're a major supplier of raw high grade iron ore (and copper, and .…

I dont have any choice in where my steel comes from, but i can still choose not to buy diamonds from those cunts

Re: Diamond prices are in free fall in one key corner of the market

#248

Post by theonlybutlet »

ryanwaggoner wrote: post #240
bluedevil2k wrote: post #200

Earlier quoted context omitted.

Sources to any of these wild (and grossly outdated) claims? > Most diamonds are mined under exploitative conditions You’ve clearly never been to a diamond mine. More than 70% of diamonds come out of “modern” countries like Australia, Canada, Russia, and South Africa. Botswana used their diamond bounty to teach hundreds of their citizens to grade/cut/polish the very stones mined in the country, ensuring tons of high s…

And yet you just respond with your own unsourced claims?

That's just ridiculous. May as well ask you why you never cited his comment when you commented?

You can Google this. Russia, Canada, Australia, South Africa, Botswana.(the contentious one would be DRC). These are regulated countries with labour rights and human rights. If they operate in these countries they are subject to those laws. May as well say you won't buy anything imported if you still feel there's ambiguity.

These are industries in these countries. Without these exports these people don't have jobs which feed them.

Re: Diamond prices are in free fall in one key corner of the market

#249

Post by theonlybutlet »

typest wrote: post #104

I just got engaged. When we looked at rings, the jeweler asked my fiancé if she wanted natural or synthetic, and she responded “I don’t want a blood diamond!!” Of course, mined diamonds aren’t blood diamonds, but her impression was still they were a little ickier. The jeweler told me that one reason to get a natural diamond was that the prices of lab grown diamonds had been falling, whereas natural hasn’t as much, so…

It's my opinion they're not an asset, unless you own the cullinan diamond or something very pricey, they're going to depreciate, just at a slower rate perhaps. Older diamond cuts go for less as we get better at cutting techniques, the rest of the ring also loses value as the setting goes out of fashion.

The icky diamond thing is arguable, these are generally mined in countries with decent labour laws. On the contrary, lab diamonds require few workers and takes food out the mouth of poorer mine workers who become jobless.

Re: Diamond prices are in free fall in one key corner of the market

#250

Post by theonlybutlet »

mdip wrote: post #237
_huayra_ wrote: post #164

Earlier quoted context omitted.

But how on planet Earth will my wife carry around a moissanite ring that's worth the 3 months of salary I'm supposed to spend on this thing? That's a heck of a big chunk of mineral! A diamond is just more practical /s

Frankly, if you're marrying a person who requires you to spend 3 months on a diamond ring, it may be time to remember an important bit of wisdom: Never enter into a contract where one party benefits by breaking it. I'm not knocking marriage or (outright) stating that financial motives may be at play, here, but it's a big indicator if "who your with" is more concerned about what's "on their finger" than about what's "…

Depends on the law of your country, but the ring forms part of a contract, breach it and they have to give it back. May be the least of your concerns at that point.
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