I like that Marx mentions diamonds. Lab grown diamonds are around a third the price of mined diamonds, specifically because there are less people performing labor on them. I believe most of the cost of lab diamonds comes from the cutting of it, since diamonds still take specialized equipment to cut.
Yeah, he really mentions how diamonds would be “the price of a brick” and industrial diamonds pretty much are. But jewelry diamonds are still expensive, and the diamond industry is a great way to introduce people to Marxist concepts of value.
I like that Marx mentions diamonds. Lab grown diamonds are around a third the price of mined diamonds, specifically because there are less people performing labor on them. I believe most of the cost of lab diamonds comes from the cutting of it, since diamonds still take specialized equipment to cut.
Yeah, he really mentions how diamonds would be “the price of a brick” and industrial diamonds pretty much are. But jewelry diamonds are still expensive, and the diamond industry is a great way to introduce people to Marxist concepts of value.