• Onno (VK6FLAB)@lemmy.radio
    link
    fedilink
    English
    arrow-up
    121
    ·
    3 days ago

    Those poor people at de Beers, next you’ll tell me that they’ve been keeping the price of diamonds artificially high for over a century … oh wait.

    • WhatAmLemmy@lemmy.world
      link
      fedilink
      English
      arrow-up
      18
      ·
      edit-2
      3 days ago

      This shows that there’s really only a slight decrease from 2020/21. Considering inflation, that drop in value is even greater, and a good thing, but their monopoly will only be destroyed when the cost of lab diamonds are similar.

      • killabeezio@lemm.ee
        link
        fedilink
        English
        arrow-up
        23
        ·
        3 days ago

        Huh? This is per carat. Also lab diamonds are perfect and much better than what you would find. They are now trying to market diamonds that have flaws as better than a perfect diamond. It’s really fucking stupid. Before, it was the less flaws they have, the more value. Now with lab diamonds, you need to have some flaws.

        Most of the jewelers in town where I live have closed shop. Lab grown is definitely having a huge overall impact to the cost of diamonds as a whole. Hopefully diamonds will be a thing of the past soon and we can use them for other applications.

      • Liz@midwest.social
        link
        fedilink
        English
        arrow-up
        3
        ·
        3 days ago

        You’re reading the graph backwards. The lab diamonds have been cheaper for a long time. De Beers made diamonds a fashion statement so long ago that a lot of their marketing tricks are assumed to be just general lore.

  • magnetosphere@fedia.io
    link
    fedilink
    arrow-up
    30
    ·
    2 days ago

    Diamonds aren’t that rare. I will always remember a quote from a friend of mine who was a geology major for a while: “Diamonds are the Coors Light of precious gems.”

  • sunglocto
    link
    fedilink
    English
    arrow-up
    49
    arrow-down
    1
    ·
    3 days ago

    The value of diamonds are falling because people are now getting Netherite gear.

  • Ioughttamow@fedia.io
    link
    fedilink
    arrow-up
    50
    ·
    3 days ago

    The generation-guilt of the millennials stains my hands. I have murdered industries. And I’ll kill again!

    • stoy
      link
      fedilink
      English
      arrow-up
      16
      arrow-down
      1
      ·
      3 days ago

      Hey, don’t blame the material for the actions of their owner.

      That being said, I have no idea of why people buy diamonds outside of industry.

      They are boring to look at, sure they sparkle, but they have boring colours, saphire, emerald and ruby look way cooler.

    • idunnololz@lemmy.world
      link
      fedilink
      English
      arrow-up
      6
      ·
      2 days ago

      I think paying a fortune for a diamond is a stupid tradition. Im ok with buying diamond jewelry that actually costs what it’s worth.

    • Eiri@lemmy.ca
      link
      fedilink
      English
      arrow-up
      9
      ·
      3 days ago

      Man who slaved away in a lab for years trying to figure out how to make diamonds with the power of man: Am I a joke to you?

      • Aarrodri@lemmy.world
        link
        fedilink
        English
        arrow-up
        13
        ·
        2 days ago

        Oh the science of cracking the formula? Fucking cool man! The bullshit about 2 month salary to tell her you love her? Bullshit.

        • Eiri@lemmy.ca
          link
          fedilink
          English
          arrow-up
          6
          ·
          2 days ago

          Oh yeah I was just making a joke. Fully agree.

          Anyway, for wedding rings, I’ve always found simple silver bands were classiest.

    • SkyeStarfall@lemmy.blahaj.zone
      link
      fedilink
      English
      arrow-up
      1
      ·
      2 days ago

      There are so many potential exciting applications for diamonds if they become cost efficient. Diamonds are a pretty wonder material, and have tons of potential

  • Sludgehammer@lemmy.world
    link
    fedilink
    English
    arrow-up
    19
    ·
    3 days ago

    The day I don’t have to hear about Blood <insert gemstone here> ever again will truly be a blessed day. Fuck all the artificially inflated minerals no matter what their compositions.

  • Stern@lemmy.world
    link
    fedilink
    English
    arrow-up
    16
    ·
    3 days ago

    Wonder if there’s correlation to marriage rates, or if its more a “everyone is broke so no one is buying diamond earrings and tennis bracelets anymore” situation.