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Diamonds Suck

diamondssuck.com

61–70 of 171 posts

Re: Diamonds Suck

#61
There is a bit of a cultural signaling to your future wife to say you are financially competent/stable that you were able to buy a diamond ring. Now you need to switch the narrative to say actually I didn't spend so we could buy an index fund instead.

I don't buy the flawless argument in the article. I think people look for some flaws in diamonds. A perfect rock would look "fake".

The big change since 2006 when the article was written is that there are manufactured diamonds now.

Re: Diamonds Suck

#62
post #21
post #18

Earlier quoted context omitted.

Interesting that you (presumably) read the article and came to this conclusion.

[dead]

>the point of a diamond is that it's expensive

its just a marketing stunt that became a culture icon in a society weak to commercial propaganda last century. Its basically a tacky display of status or a modern bride price, something socially incompetent nerds find funny outside the blood part

Re: Diamonds Suck

#63
post #24

The diamond tradition became a ridiculous cultural trait, buy lab-grown diamonds can help greatly mitigate the wastefulness of regular natural diamonds. I don't think Moissanite is the right replacement - they have too much of the so-called "fire", almost too sparkly as the article shows. I think Moissanites are inferior to diamonds in appearance in my personal, subjective opinion. Lab-grown diamonds, however, can be…

> I don't think Moissanite is the right replacement - they have too much of the so-called "fire", almost too sparkly as the article shows. I think Moissanites are inferior to diamonds in appearance in my personal, subjective opinion. I feel the same way. Moissanites are basically TOO good. They reflect light in so many carnival colors, and they shine so brightly, that they frequently look like fake carnival jewelry.

What? I can't understand this at all. We like gems _because_ they are shiny, not in spite of that.

But alright, subjective opinion. I'm just enjoy my affordable shiny rocks over here.

Re: Diamonds Suck

#64
post #40

I, as a European, cannot fathom how anyone would spend a significant amount of money on an engagement ring! The engagement rings we got ourselves cost 18$ and were made from wood. After all, they only need to last a few months, or maybe 1-2 years, until the wedding. Regarding the wedding ring, I can understand slightly better how someone would put a bit more money into that, considering that you wear it for life. But…

> After all, [engagement rings] only need to last a few months, or maybe 1-2 years, until the wedding.

I think this is the cultural distinction you're missing -- married American women typically wear both their engagement and wedding ring their entire lives, and the engagement ring is usually the more ornate/expensive one (which might be due to the De Beers marketing throughout the 20th century this article discusses).

Re: Diamonds Suck

#65
post #40

I, as a European, cannot fathom how anyone would spend a significant amount of money on an engagement ring! The engagement rings we got ourselves cost 18$ and were made from wood. After all, they only need to last a few months, or maybe 1-2 years, until the wedding. Regarding the wedding ring, I can understand slightly better how someone would put a bit more money into that, considering that you wear it for life. But…

In the US, it's common for a woman to wear both the engagement ring and wedding ring after the wedding, they are often sold as a set.

Although one tip I'd give to anyone getting married, get a pair of $18 rings for travel and what not. If one slips off while swimming in the ocean, it's ok.

Re: Diamonds Suck

#66
post #10

Earlier quoted context omitted.

Some people buy expensive watches, even though there are visually indistinguishable clones on the market. I still don't think that a fake Rolex makes for a great gift. I don't really want to advocate for diamonds here. I hate that it's mined at the expense of human welfare. I just want to point out that this article is 17 years old and not much has changed since it was written. Maybe it's not a compelling take?

I think watches can be a bit different... At least expensive watches retain more of their value, or even go way up in the case of Rolex. It's true that for some, a big appeal of a good watch is the "implementation" or the mechanics or electronics that go inside, or the craft on creating it. And others use watches more as jewellery. But there's always somebody that use them to "show off": while some people will buy a…

"I think watches can be a bit different... At least expensive watches retain more of their value, or even go way up in the case of Rolex."

Buying old Rolex watches is cult activity a bit like buying Elvis's shoes or such at auction for many thousands of dollars—although the latter is likely rarer and ultimately might be of historical interest in centuries to come. Same goes for other engineered products such as old Leicaflex cameras that have sold for hundreds of thousands of dollars when equally engineered high quality products from the same era are simply junked as these days they are perceived to have no value.

It mystifies me why people are so enamored with this stuff. There's nothing special about an old Rolex except they were likely near the best of breed when manufactured, but they have little intrinsic historical value nowadays in that they were very unlikely to contain new technology that altered the course of mechanical engineering at the time they were made. They have never had the historical or technical importance of Harrison's remarkable chronometers which did alter the course of history.

Let me illustrate with an example: I own two of the first cavity magnetron developed during WWII that went into production and is credited with giving the Allies a huge technological advantage over the Axis Powers. Moreover, they are band new in their original cartons and in better condition than the one in this display model: https://www.theiet.org/membership/library-archives/the-iet-a.... (Background info: https://www.researchgate.net/publication/260521102_The_Cavit...)

This is truly an historical device that altered history and changed technology—it made centimeter RADAR possible when desperately needed in WWII and it's the forerunner of the device in every microwave oven around the world—yet they're not worth a pinch of shit when compared with an old Rolex—even though there are precious few used ones still in existence (let alone brand new ones in original packaging).

Seems to me, like diamonds, the outrageous values of an old Rolex come from cleaver marketing to the gullible and to those with more money than sense.

Edit: years ago I bought a fake Rolex in Bangkok for about $20 as a joke, it actually kept reasonably good time and looked reasonably genuine—at least it did from a few feet away.

Re: Diamonds Suck

#68
post #40

I, as a European, cannot fathom how anyone would spend a significant amount of money on an engagement ring! The engagement rings we got ourselves cost 18$ and were made from wood. After all, they only need to last a few months, or maybe 1-2 years, until the wedding. Regarding the wedding ring, I can understand slightly better how someone would put a bit more money into that, considering that you wear it for life. But…

> After all, [engagement rings] only need to last a few months, or maybe 1-2 years, until the wedding. I think this is the cultural distinction you're missing -- married American women typically wear both their engagement and wedding ring their entire lives, and the engagement ring is usually the more ornate/expensive one (which might be due to the De Beers marketing throughout the 20th century this article discusses…

Ah, thanks, that is indeed an aspect I was not aware of. From my point of view, it doesn't change much about the cost-value-ratio though.

Re: Diamonds Suck

#69
post #56

Earlier quoted context omitted.

Ok I get ya. Need to spend $20k or whatever. But why a diamond? So many other things you can spend that on that would be a nice keepsake.

I completely agree. My point is that, even though buying a diamond is stupid, buying a cheap knock-off is even stupider. The only point of a diamond is to show wealth, since it's a rock - a knock-off can't even show wealth, so why buy it? If you want to buy something useful instead, that's much better.

[deleted]

Re: Diamonds Suck

#70
post #20

My partner and I specifically avoided diamonds (and ultimately all gemstones) for our engagement rings. We went for unobtrusive silver rings, then shelled out for good quality gold wedding rings from a craftsperson we both knew. I think we spent about $1500 on rings in total and, can you believe it, our marriage has not fallen apart because we didn't spend thousands of dollars getting shiny rocks for our fingers.

Well, you did spend 1.5 thousands of dollars... I know people who buy a car for that price
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