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Pandora says laboratory-made diamonds are forever

bbc.co.uk

631–640 of 686 posts

Re: Pandora says laboratory-made diamonds are forever

#631
post #65

Random diamond story! As a freshman in college, I took a geology class and our teacher asked all of the women in our class to raise their hand if they would rather have natural or human-made diamonds. Most of the women (over 80%) raised their hands for natural. The reasons they gave all seemed to tie back to branding and natural diamonds being “real.” Then our teacher gave another analogy. He asked if people would ra…

I went through this not that many years ago buying a ring for my SO. My biggest mistake was including her in the decision. She described what she wanted exactly– nothing gaudy or ostentatious, just a singular, tasteful stone on a plain band. Couldn't be simpler, could it? Finding stones that met her criteria was easy. Some were natural diamonds, some lab grown, many moissanite. From the outset, she said the meaning o…

Spouse was the same way.

There is a right answer. She absolutely will not tell it to you.

If you guess wrong that means you don’t love her.

Re: Pandora says laboratory-made diamonds are forever

#632
post #194
post #164

Earlier quoted context omitted.

The economics behind diamonds are better explained by an sociologist, not a geologist- the high cost and useless-ness of the gift are a feature not a bug! The burning of significant amount of wealth is a costly signal of commitment to the receiver. I heard from a friend who worked at a diamond company (and as such could purchase stones with significant discount to market price) that his fiancée had specifically rejec…

>the high cost and useless-ness of the gift are a feature not a bug! The burning of significant amount of wealth is a costly signal of commitment to the receiver. So basically... proof of work?

I love this

Re: Pandora says laboratory-made diamonds are forever

#633
post #65

Random diamond story! As a freshman in college, I took a geology class and our teacher asked all of the women in our class to raise their hand if they would rather have natural or human-made diamonds. Most of the women (over 80%) raised their hands for natural. The reasons they gave all seemed to tie back to branding and natural diamonds being “real.” Then our teacher gave another analogy. He asked if people would ra…

Random ice story! My mother in law buys “good ice” that is clear despite having a purified water source on her ice maker. She even has frozen bottled water and says it’s cloudy and tastes bad. I’ve explained to her numerous times that her clear ice is clear because they freeze it quickly. That’s it. It doesn’t taste better. She refuses to believe me and it’s basically a joke we tease her about now.

Re: Pandora says laboratory-made diamonds are forever

#634

Earlier quoted context omitted.

I sincerely wish you good luck in your marriage, you’re going to need it.

That seems a little harsh? Even people in the best marriages sometimes have emotional, irrational disagreements

This is a particular telling one, however.

Re: Pandora says laboratory-made diamonds are forever

#635
post #617

Earlier quoted context omitted.

>While the ring contains a mined diamond, it has quite a bit of sentimental value If I said it once, I have said it a million times, if your SO insists on a diamond from the ground as opposed to a lab, say fine, but I am getting my shots flying to Africa and will mine it myself. It won't matter if you bring back a opaque brown rock, with 0 marketing your SO would wear it with pride and most others would be jealous wh…

for most people what you describe is even more expensive and impractical than buying a mined diamond

Impractical, sure. But the average cost of a 7 day trip to Freetown, Sierra Leone is less than 1/2 the average cost of an engagement ring. $2,500 compared to $5,500 on average.

Re: Pandora says laboratory-made diamonds are forever

#636
post #259

Earlier quoted context omitted.

Jewelers provide certifications when buying diamonds. They'd be a) on the hook if they sold counterfeit products, and b) they wouldn't be able to sell anymore because of a tarnished brand.

What I meant was what if it turns out diamonds are not special after all? Lab grown diamonds are diamonds. Whether one comes out of the ground or from a lab, maybe they aren’t that special.

Ah.

A lot of economists have argued that the "value" of something is based on the labor cost of production. So given that viewpoint, mined diamonds would be worth more than lab ones, even if they were identical in every way (yes, I also think this is silly, but that's what the market's indicating even today).

Re: Pandora says laboratory-made diamonds are forever

#637

Earlier quoted context omitted.

These were the most common before no-fault divorce became the common cause so they used to come from court filings. In these days, some of them come from marriage counseling statistics undertaken during divorce (some states require it before disolving a marriage). There is some specific research from small N groups where N=52 for example ( https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4012696/ )

Oh! Money, Children and Infidelity are factors, instead of studies or a book. I think I was confused because the words were capitalized. Thanks for the link as well, I found it interesting. :-)

Oh yeah, that does look like a title.

Re: Pandora says laboratory-made diamonds are forever

#638

Earlier quoted context omitted.

I brought my now-spouse along for ring shopping, on her own theory that she'd be wearing the thing and should therefore have some input. She was actually more opposed to mined diamonds than I was at the time. We talked about this extensively, and considered both lab gems and corundum gems (ruby/sapphire). We went through over a dozen jewelry stores, each of them pushing mined diamonds so hard that it angered us. The…

>While the ring contains a mined diamond, it has quite a bit of sentimental value If I said it once, I have said it a million times, if your SO insists on a diamond from the ground as opposed to a lab, say fine, but I am getting my shots flying to Africa and will mine it myself. It won't matter if you bring back a opaque brown rock, with 0 marketing your SO would wear it with pride and most others would be jealous wh…

I love the idea of some valley-esque tech nerd turning up in a hellhole African diamond mine and getting merc'd by child laborers over his iPhone.

Re: Pandora says laboratory-made diamonds are forever

#639
post #610

Earlier quoted context omitted.

This is partly a myth. More important was the non legal enforcement of engagements. Many couples in the past would start to have sex when engaged. If the engagement is not legally secure, the diamond basically serves as signal. That why 3-month salary make sense. If I buy a 3-month salary worth diamond I'm probably not gone leave you after a month. Its an easily portable high value item that also serves as signaling…

> Its an easily portable high value item that also serves as signaling for the person wearing it. It makes more sense then livestock in the modern world. Jewelry is not a great value store, unless you're fine with selling it at a significant loss. Diamonds specially, unless they're rare, seem to magically lose a lot of its value as soon as they print your receipt. To be honest, I find the whole love-engagement-sex-we…

>Jewelry is not a great value store, unless you're fine with selling it at a significant loss

Neither is a car, but they're both still very strong signals of wealth (specifically, that you could afford to burn the money).

However, if you want jewelry as a value store, you deal in gold and silver (mainly that it can be melted down)

Re: Pandora says laboratory-made diamonds are forever

#640

Earlier quoted context omitted.

I don't get disappointed. The best gift you can get me for my birthday is remove the obligation for me to get you one on yours. Saves so much mental energy and time.

https://en.wikipedia.org/wiki/The_Gift_(essay)

I always liked the associated page for Gift Economy -- reading it is when I first realized there are multiple credit systems in play at any given moment, beyond raw currency.
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