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

cnbc.com

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

#3

Post by olliej »

mbonnet wrote: post #2

Good. The diamond industry has destroyed multiple countries, one of which I lived in (Sierra Leone). Screw em.

Also the only reason the prices of “natural” diamonds are high is because of intentionally constricted supply

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

#4

Post by adverbly »

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...

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

#6

Post by r2_pilot »

adverbly wrote: 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...

Marriage costs $37 dollars in Mississippi, FYI. Celebrations around it, that's a different story.

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

#8

Post by tapoxi »

adverbly wrote: 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...

I paid $50 to rent a gazebo at our town hall. No regrets having an inexpensive wedding.

I remember the honeymoon we splurged on, much better value, much less planning and coordination to worry about.

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