Shaking Up the Diamond Industry

Did you tell her about the nature of the stone ?

That sounds like a disaster to come if she doesn't know, and she learns it by going to the jeweler to clean / repair the stone.

2-3 months of salary for me would be a substantial contribution towards a deposit for a flat.My fiancé would smack my face if I'd spend it on a shining rock )

Did her perspective change or does she believe she got an expensive diamond?

Cultural norm?

That concept was invented by an ad agency paid for by de Beers.

https://blog.hubspot.com/marketing/diamond-de-beers-marketin...

Does anyone really pay attention and judge others based on their choice of wedding jewelry, or wearing any, or being married even, in 2020?

Synthetic diamond will eventually become so easy the industry won't be able to supress it anymore. The collapse will be interesting, in the bloddy sense of the term I suspect.

It doesn't really matter, tbh. The patent for moissanite is held by Charles and Colvard, so no matter where you shop for them they will be coming from them (and should have an authenticity certificate too, btw).

Charles and Colvard has an online shop you can find by googling.

No affiliation, my wife's stone is just also a moissanite.

It's been 4 years but I got my wife's ring from https://www.moissaniteco.com/ and we had a good experience.

> I don't really know about Botswana though, if those money actually go to the Botswanans then good for them.

Botswana is probably the best run and least corrupt country in Southern Africa (maybe all of Africa). They've never had a war of any kind, are incredibly friendly to everyone regardless of skin color, etc. etc.

They are famous for tricking the British into giving them mineral rights before they were granted independence, and have used that money wisely the benefit the local people. Huge success story, and fantastic country.

> heat sinks

Wow, I forgot about that - looks like that you can buy one of the best thermal pastes out there for VERY reasonable prices... and it's 90%+ diamond !!

The best way to make a correct prediction is to continually update your estimate as new information comes in. As it comes in. That’s all the markets are doing.

When the virus starts, the markets adjust downwards because there is a chance that virus kills tens of millions, which would have severe economic impact.

As the world public health starts to reduce the error bars or bad outcome likelihood, the market adjusts.

The problem is that you’re thinking of something as having a concrete value. Instead, think like Tetlock teaches in superforecasters. Then you will have a better model of what’s going on.

I think you have a vast disconnect between the reality of advertising today vs. the quaint mid-20th century mental model that you seem to hold. Or you're being entirely disingenuous about what people complaining about "advertising" mean.

If modern advertising 1) did not vacuum up personal data in extremely invasive ways, 2) didn't distort the entire business models of the largest tech companies against the interests of the overwhelming majority of their users, and 3) wasn't a broad attack vector on that same user population (dark patterns, outright malware delivery, just plain terrible UX everywhere, etc.)... then there'd probably be very little complaint about advertising, relatively speaking.

Put another way: no one gripes about the existence of Craigslist. Thought experiment: what if the targeted advertising model was illegal, both enforceable and enforced with teeth. How much of what's detrimental about modern advertising would simply vanish, like a bad memory?

I think the parent comment was referring to adtech in particular, which I agree isn't inherently bad, but which currently has a model of: 1. Slurp up as much data as possible no matter how sensitive and no matter the societal cost. 2. Use that data purely to increase the efficiency of wasting an enormous chunk of the world's bandwidth and computing resources (anecdotally, something like 30% of my traffic before I started blocking everything at a dns level) _pushing_ ads to anyone who might match by any means necessary whether they want them or not.

I might even acquiesce to some form of push-based ads being broadly beneficial (e.g. for truly novel offerings), but for almost everything that currently shows up as an ad I would much rather be able to efficiently search for it and find it once I'm actually ready to buy than to be inundated with hundreds or thousands of worthless ads ahead of time in the off chance that they'll bring a particular product to the forefront of my mind and sway my purchasing decisions.

That's kind of the point of frameworks like async/await :) Adtech is using a polling system to try and demand my attention with a, let's say, 1% success rate, but we could cut down the noise 100x simply by awaiting my next purchasing decision.

The parent said adtech, not advertising. What we call adtech today is advertising plus tracking. The tracking part is what most people seem to have a problem with.

I still say we ignored the Main Street and non-scale non-flow micro-sensitive and disaggregated or rather yet to be aggregated, customers, not whole by reasons superficially readily learned.

Sobel's The First Junk Bond, gives the mechanics of preservation of the vast onshore reserves, until (I don't have the recall but I think Sobel gives the trigger price) $50/B plateaux.

In 95 I wrote the level of inefficiency in agency transactions was 60%.

In 2018, stories on the embedded framework fraud of online advertising buying, gave the same number for the new system's inefficiency.

Print, my world despite the gasping inhalation of every party I speak with, remains almost unchanged in headline volumes, despite the unbroken prophecy of all trade journalism.