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Diamond industry 'in trouble' as lab-grown gemstones tank prices further

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Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further

#31
post #28

Earlier quoted context omitted.

Room temperature take: Weddings are expensive. Marriage costs almost nothing.

Depends: marriage can be expensive for a rich asshole marrying a piece of crap who's terrible at spending someone else's money.

For certain kinds of rich people to whom being able to waste money is a demonstration of their self-worth, having a spouse who spends money like some people breathe air is a feature, not a bug.

Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further

#33
post #17

Earlier quoted context omitted.

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.

> 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.

But are they an easy way? A fake looks the same except under careful inspection and is totally lawful.

Some fancy car or designer clothes are at least unlawful to fake, even if sometimes faked.

Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further

#35
post #28

Earlier quoted context omitted.

Depends: marriage can be expensive for a rich asshole marrying a piece of crap who's terrible at spending someone else's money.

For certain kinds of rich people to whom being able to waste money is a demonstration of their self-worth, having a spouse who spends money like some people breathe air is a feature, not a bug.

To be fair it’s not like they’re burning banknotes, that money goes somewhere.

Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further

#36
post #4

Hot take: it's not going to stop at diamonds. Marriage is expensive. Weddings are expensive. Honestly, if you compare it to the other really expensive things that happen around the same stage of life... buying a home, having children... Unless I'm from a highly religious family(also in decline), I can tell you easily which one I'd call pass on. https://ifstudies.org/blog/1-in-3-a-record-share-of-young-ad...

This is all delusional.

I am basically anti-marriage for myself but an expensive diamond ring is acting like a form of collateral. It is a form of insurance that one party is not completely fraudulent about their financial situation.

Imagine that, these long held traditions actually have practical purposes and are not just random nonsense that is so easily solved by technology.

People hopelessly addicted to social media and bullshit are just total suckers for these type of stories though.

Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further

#37
post #4

Hot take: it's not going to stop at diamonds. Marriage is expensive. Weddings are expensive. Honestly, if you compare it to the other really expensive things that happen around the same stage of life... buying a home, having children... Unless I'm from a highly religious family(also in decline), I can tell you easily which one I'd call pass on. https://ifstudies.org/blog/1-in-3-a-record-share-of-young-ad...

This is all delusional. I am basically anti-marriage for myself but an expensive diamond ring is acting like a form of collateral. It is a form of insurance that one party is not completely fraudulent about their financial situation. Imagine that, these long held traditions actually have practical purposes and are not just random nonsense that is so easily solved by technology. People hopelessly addicted to social me…

“It is a form of insurance that one party is not completely fraudulent about their financial situation.”

The credit industry has entered the room.

Re: Diamond industry 'in trouble' as lab-grown gemstones tank prices further

#38
post #4

Hot take: it's not going to stop at diamonds. Marriage is expensive. Weddings are expensive. Honestly, if you compare it to the other really expensive things that happen around the same stage of life... buying a home, having children... Unless I'm from a highly religious family(also in decline), I can tell you easily which one I'd call pass on. https://ifstudies.org/blog/1-in-3-a-record-share-of-young-ad...

Room temperature take: Weddings are expensive. Marriage costs almost nothing.

Can be expensive.

Ours was about £500, 25+ years ago. Still together now.

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