The diamond world takes radical steps to stop a pricing plunge
bloomberg.com
bloomberg.com
So, now the synthetic diamond market looks like this.[1]
DeBeers has been frantically trying to stop the growth of the synthetic gemstone industry. (They lost on industrial diamonds decades ago; that's all synthetic and cheap.) DeBeers has an R&D program to develop test instruments. It is just barely possible at present to distinguish synthetic CVD (controlled vapor deposition) diamonds from real ones.[2] From that paper, it looks like some process improvement by the synthetic diamond makers could fix that. Detection involves exposing the diamond to a UV flash lamp, which makes diamonds fluoresce blue briefly, and examining the spectrum that comes back. Natural diamonds have a peak at 425nm, and some CVD synthetics have a peak at 435nm, at least for the ones tested.
There's a PR program for "natural diamonds". But there's also a PR program for synthetic diamonds.[3] The synthetics industry is gaining.
As an investment, diamonds are awful. They are really hard to sell.
[1] https://www.alibaba.com/showroom/cvd-diamond.html
[2] https://onlinelibrary.wiley.com/doi/10.1002/pssa.201800292
[3] https://www.cnn.com/style/lab-grown-diamonds-popularity-2023...
I mean at those prices, making my own diamond chandelier isn't too out of the question.
We have disposable pieces of plastics worth 10 cents that if teleported back to 1600 in bulk (say, 1000 units) would have cost entire counties back then, including the people living on them: light, strong, elaborate and very precisely machined.
Look at this thing:
https://www.decathlon.be/fr/p/mp/moma-bikes/velo-de-ville-ho...
About $240, by modern standards quite bad, but for someone in 1600, the ability to go most places in comfort with a decent chunk of stuff with you in some baskets and bags.
https://www.youtube.com/watch?v=_QSrBIIC4po
The reason I linked a bike above was that they truly are a modern marvel. So unassuming and yet so flexible, reliable and overall... powerful, plus cheap by modern standards. A bike is probably the most accessible high tech modern invention that we take for granted.
I think the only qualitative difference would be that modern roads are usable all year whereas natural tracks are generally gonna get unusable when it rains a lot.
It's incredible that we have machines that can take that kind of a beating, while also having precision components on them, and also being light enough to pick up in 1 hand, and being affordable to the poorest members of society.
https://www.shoprite.com/sm/planning/rsid/316/product/resin-...
If you took one back to 1600 I wonder how much you could get for it?
But why heatsinks and chip wafers? I know diamond is carbon, but does it have some specific properties except hardness that help with those?
From Wikipedia:
> Thermal conductivity of natural diamond was measured to be about 2200 W/(m·K), which is five times more than silver, the most thermally conductive metal.
[1] http://usapplieddiamond.com/products/heat-spreaders/
[2] https://spectrum.ieee.org/this-diamond-transistor-is-still-r...
https://beyond4cs.com/truth-about-gia-triple-excellent-diamo...
Where are their Idealscope / Hearts And Arrows / Angular Spectrum Evaluation Tool (ASET) pictures to prove their diamonds are not crap ?
https://www.whiteflash.com/diamond-education/aset-diamond-to...
(Annoyingly, Whiteflash seem to be the only diamond seller that is willing to provide this bare minimum... and they are only US-based.)
It’s not about the diamond.
It’s about wanting a man with enough resources to waste on a diamond. A diamond’s lack of intrinsic value or utility is a feature. The waste is the point. In a sea of potential mates, finding one who can throw away $3000 as though it were nothing, is a great filter.
In reality, most of those women absolutely wouldn’t want said man to literally burn $3k or even $20k.
Absolutely 100% brainwashed.
https://caratsandcake.com/articles/wedding-fireworks-wedding...
“Wedding fireworks can cost anywhere between $3,000 and $25,000, according to Theiss—it all depends on timing and the size of the show you want. The more common range is $3,000 to $5,000 for weddings.”
Buy experiences. Money well spent. Not diamonds and other ego-inflating stuff. It keeps the negative flywheel spinning faster and will hurt you long-term.
"Those women" are definitely "brainwashed" but phrasing it that way is very condescending. It's called advertising and culture and you're not immune to propaganda either.
Some women genuinely value conspicuous consumption as a status symbol the same way some men do. Some women believe diamond rings are a must because "that's the way it is" and they don't want to be outsiders. Some women just like sparkly shiny things.
Calling any of this "brainwashing" makes it sound like this is odd or noteworthy: you only think so because you're appaled by this particular example but you're likely ignorant to the myriads of ways you yourself hold irrational, toxic or even self-destructive values and beliefs due to your upbringing and the culture you exist in.
Yes, diamonds bad. But women who want diamonds aren't exceptionally shallow or odd as humans. They're just shallow and odd in people you are aware of and find distasteful.
Marketing companies leverage what is already there. Car companies didn't brainwash men into wanting "rugged", "angry" looking "trucks". They merely recognised the slightly pathetic tendency for some men to want to make themselves look bigger and tougher.
It's the same with diamonds. They work because there is some underlying seed of possibility and they have simply been the best at exploiting that.
Just compare today's problems with problems from 200 years ago and you'll see how many of them were created ad hoc.
well yes, but not really. it's about showing off. it's a status game. which is fine for a certain degree. "we are social animals", etc.
status is intertwined with a lot of very pragmatic interpersonal things (peer pressure of conformism, reciprocating gifts, respecting each other, not being late or too early, taking turns to speak and listen, remembering birthdays, remembering who remembers our birthdays) and community-wide trust (who can ask you a favor, loans, borrow your car, who do you work with).
but there are much better signals for "who do you pick as a mate" than "how many carats does this diamond is?", of course arguably a lot of people are not really good at picking up on those interpersonal signals, so ... they recruit the community through these reflective signals.
From my experience with my wife, I think it was much more practical.
Really for her I think it was mostly like "I want to take this seriously and am going to be wearing this ring (or displaying something) all the time and so want to be sure I know what it is and that it's durable."
She doesn't really wear jewelry at all except for her wedding and engagement ring, so she just hadn't thought about engagement rings or jewelry very much period. A diamond was a known quantity, something she could trust, something neutral in color, durable, and so forth.
The metal artist that we went to really liked moissanite but at the time it was the first we had heard of it. At the time synthetic diamonds were more something on the horizon than something you could actually buy.
I think if she had known about moissanite earlier and had time to get familiar with it she probably would have been happy with it.
If you're wondering, I'm on Firefox connected thru Google Fiber. I've tried disabling Enhanced Tracking Protection, but all that does is make it so I don't have to solve a captcha. I still get the endless loop of challenge pages.
As I understand it: the technical cause is that the Archive.is authoritative DNS server refuses to respond correctly to requests without EDNS subnet information, and Cloudflare’s resolver refuses to send requests with it. (Cloudflare says this is for privacy reasons, and I believe Archive.is says their response is for legal reasons.) The captcha loop seems to be a recent development; apparently[2] it’s not actually from Cloudflare, just styled to look like it.
[1] https://jarv.is/notes/cloudflare-dns-archive-is-blocked/
https://developers.cloudflare.com/1.1.1.1/privacy/cloudflare...
> To counter such threats, Mozilla has partnered with Cloudflare to provide direct DNS resolution from within the Firefox browser using the Cloudflare Resolver for Firefox. What this means is that whenever you select or type a web address in the Firefox browser your DNS lookup request will be sent over a secure channel to the Cloudflare Resolver for Firefox rather than to an unknown DNS resolver, significantly decreasing the odds of any unwanted spying or man in the middle attacks.
(Plus, since last month, Cloudflare no longer has captchas at all: https://news.ycombinator.com/item?id=37799413)
Why would you burn more resources to replace an existing diamond?
Our friends and family were obsessed and not six months later I got a text from a now engaged friend who wanted to know how we found them. He also opted for a green sapphire because it matched her eyes.
Non-diamond rings sell themselves, someone (and it can be you) just needs to break the seal.
Tell you what, I can set up a website that sells moissanite for 10x their retail price if you like. Give me a day to set up a Square account and you can buy from me.
Signalling conformity with social norms is also important to some people.
(Going on a tangent: compare Bitcoin's proof-of-work, which also has utility. Of course, that doesn't mean diamonds nor proof-of-work are the best bang-for-buck. For the latter, you can use proof-of-stake or avoid cryptocurrencies altogether. For the former, there are plenty of other social arrangements that avoid diamond rings.)
In India they give gold jewelry, that makes a lot of sense. Their cultural reasoning about it is very different (it's a financial investment that ties families together) but the act is better IMO.
I think that's a bridge too far.
There's many clear reasons why people want a diamond, and even an angle like "I want to follow society's expectations" is to me far from being irrational when you're prepping yourself to build a whole life with someone else.
A couple can discuss these matters and come up with alternative paths, people are referencing other materials and I'd include not buying anything fancy and save up for the first payment of their home for instance. But brides requesting a diamond is usually far from lacking rationale.
Shout out to Friendly Diamonds for a recent purchase. My spouse knocked the center stone out of her wedding ring. Ordered a much larger, much (much much much) higher quality in terms of cut color and clarity, and WAY cheaper lab diamond from them.
But if you apprise your fiancé of the alternatives / opp costs (moissanite, man made, second hand, etc) and she still wants a new diamond, just get her a new diamond. It will make her happy for years.
My wife had her heart set on a pink diamond, so that’s what I got her. I made it clear though that if I got this, she is not getting a new one for a long time (she has a tendency to want to rent / sample / change things up). So to her credit she did her homework and spent a few months picking the best one.
Now everytime we go out and she wears it, I can see how she’s happy. It’s worth it to me to see a gift keep giving.
In particular, if you're marrying someone, getting a grip on what she might appreciate for years is a good first step, especially as the premise is the discussion has already been started in the couple and she voices her own opinions.
How it goes down from there is probably a microcosm of how they'll deal with their future decisions.
De gustibus non est disputandum.
I had to look it up: <<Of taste, there is no disputing.>>There is a whole Wiki page about it! [1]
[1] https://en.wikipedia.org/wiki/De_gustibus_non_est_disputandu...
I am a person who doesn't wish to spend $20,000 on a rock so that my wife won't be embarrassed in front of her friends. And that is why I chose to marry a woman who thinks that spending $20,000 on a rock is a silly thing to do.
That was my point. If you married someone who doesn't like diamonds, fine.
The original comment was about "shenanigans like buying something else and passing it off as a diamond". Isn't there anything your partner likes? Would you buy something else because you don't wish to spend $X on Y, "passing it off as Y", and embarrass her in front of her friends?
Same thing, just that's more convincing to some people/shows it's not 'cheaping out', it's just a better deal.
That's not the argument, AIUI. The argument is "Go ahead and spend $FOO on a rock, just be sure not to lie about how much you spent".
https://en.m.wikipedia.org/wiki/Synthetic_diamond
https://en.m.wikipedia.org/wiki/Child_labour_in_the_diamond_...
It actually doesn't matter how she finds out that you lied to her about the biggest life change she will ever experience for the rest of her life. What matters is that lying to a person you want to marry is a sure-fire way to end the marriage at some definite future point.
Arguing that it's okay because you will never be found out isn't relevant.
I didn't argue this at all, and in a reply to another comment below, 3 hours before your comment, I made it clear that all I was saying was that it's a bit farfetched to say someone is going to be embarrassed in front of her friends because of the ring.
> I didn't argue this at all,
I apologise. In the bit that I quoted, specifically this sentence:
>>>> I would think the only way the wife would know is [...]
it appeared to me that you were arguing that the wife would never know unless [...] happened. To me, that sentence implies deceiving the wife.
Maybe, but even in that case, you can't trust a spouse to do the cutting off because they are most definitely not unbiased.
If the cousin in question would have cut off ties without his wife telling him to, you might have a point, but the way the OP phrased it makes it seem, to me, that it was done due to instructions from the wife.
Adults have free will.
But we were living in Europe at the time, and the wedding was going to be in Maryland, so we had to get a wedding coordinator to make it go well. And she introduced us to florists, chefs, photographers, etc....
She helped make that wedding the best it could possibly be, and I don't regret any of the money we spent. Nor does my wife. That was one of the best events we have ever participated in, and over the decades we still get positive comments from our friends who were present there.
So, yeah. It was a lot of money. But we feel it was money well spent.
It's one of the few smart things to spend money on.
Precisely why I prefer small intimate events with my friends and don’t want a big event like a wedding.
And yet, during both those times you will have no meaningful engagement with all those people you care about.
If you want your wedding to be a meaningful event, you need to keep it small; the larger a party[1] is, the less engagement the host will get with the average attendee.
[1] You shouldn't forget that a wedding is nothing more than an expensive party that everyone else will forget.
This was not my experience at all, for what it's worth.
You had a large number of guests and meaningfully engaged with all of them?
So? I didn't assert that you wouldn't remember, I asserted that in a large party the host cannot meaningfully engage with everyone.
Mining is still dangerous work. The workers are still underpaid. The profits are still stolen by companies that are literally the vestiges of European colonialism.
https://edition.cnn.com/2018/09/03/africa/marine-diamond-min...
None of your comments applies to any of the mines mentioned; Canada, Australia, and the marine operations all abide by OSHA regulations and pay good wages.
If you want to make a specific comment about conflict diamonds, for example, it pays to be aware that it's not just mining that sucks in war zones .. quality of life is pretty poor all around.
There are mines I wouldn't work in, there are many mines I'd have no issue working in.
Which mines have you you worked in and what was your role?
Granted, maybe there are good mines out there, but I still think commercial extraction of resources is almost surely damaging to its surrounding environment. You can justify that for some useful material, but it's hard to justify it for diamonds.
Mining in general I view as a somewhat neccesary evil that needs to made humane for workers and as something driven by unthinking consumption, the remedy lies upstream from mines in the mindsets of populations that demand resources.
Resource extraction can't be eliminated but it can be reduced, as should population numbers.
Doesn't it matter what he thinks?
Does "If she wants to eat meat despite knowing all the misery the food industry spreads, then you should probably break up" sound like a good idea to a guy who isn't vegan/vegatarian/etc?
And yeah of course what he thinks matters too. If you're both awful people then you deserve each other.
I'm just saying it's not fair to say they were industrial abrasives before debeers marketing came along.
Or eats dessert.
Or likes flashy cars.
There's some level that is perfectly healthy, as long as it doesn't interfere with the important stuff.
---
If she says "diamond ring or else I don't want you"...that's bad.
If she says "I prefer a diamond ring, but either way I want you"...nothing wrong with that.
Thankfully I found her. I also had a talk with her dad about it after I met him and he called diamonds a scam. So she gets it and I'm happy.
(Please no one get pedantic on ring cost to me, absolutely not the point of this comment)
Also, ‘a few days salary’ rather defeats the rituals purpose.
If the desire is emotional, then there’s no reasoning with it anyway. (And not everything in life need be logical.)
You might not value it, but I dare say you value things that I don't value.
Define artificial tradition. Yes someone can invent it, but it requires people to actually adopt it. All the trappings of Christmas were invented by someone. They aren't 'artificial' though
Artificial tradition as in created by a marketing campaign to sell a product. Same things as eating “KFC on Christmas” in Japan or more recently “Happy Honda Days” just slightly older and more widespread.
>Value is defined in free markets by what you can sell something for
So if someone can sell you a diamond for X, it is worth X. So the diamond is worth what you're paying.
Was Christmas created to sell Christianity?
I just don't get the distinction. A 'natural' tradition isn't somehow more wholesome, we've just forgotten who invented it. And the meaning still derives from the people partaking in that tradition.
Note quite, when most people buy land the seller doesn’t receive the full amount you pay realtors get their cut of the transaction. Same deal with used cars etc, the transaction costs are removed from the sales price when calculating value.
Commercial Diamonds are just an unusually extreme case.
> I just don't get the distinction. A 'natural' tradition isn't somehow more wholesome, we've just forgotten who invented it. And the meaning still derives from the people partaking in that tradition.
The meaning of diamonds still derives from advertising which is the haven’t stopped because people stop caring when they do. This clearly demonstrates the artificial nature of what’s happening.
Nobody needs to advertise saying excuse me if you bump into someone in a crowd, that has been maintained culturally for a long time without outside influence.
Saying someone created it therefore it’s all the same is a meaningless statement. People create different things, saying someone created something doesn’t imply what that thing is.
In my country house selling generally uses an agency model, I (optionally) employ someone to market my house.
I get the full value, and then pay them a fee.
A second hand car seller sells the car, they make money by adding value. If I choose to buy a car I can go direct to a seller but they may not have want I want, may not be available at convenient times, and I'll have less come back if things go wrong.
>Saying someone created it therefore it’s all the same is a meaningless statement. People create different things, saying someone created something doesn’t imply what that thing is.
You're implying who created that thing is more important than what the thing is.
So can we agree that it's the thing that's important, not who made it.
It really doesn’t matter how the transaction is structured, sellers can do that legwork themselves but that’s also a cost. If you sell your house for 1 million and taxes eat 10k and the agents eat 10k then the house must be worth 980k to you because that’s what ends up in your bank account.
Which is why economics define the term value as what the seller keeps after selling something because if the seller thinks it’s worth more than that they wouldn’t do the transaction.
> You’re implying who created the thing is more importantly than what the thing is.
No I am arguing what maintains the thing is important. People argue about who created the first iconic foods lie Philly Cheese Stake or Deep Dish Pizza etc, but they don’t need to actively maintain its cultural inertia.
Diamond engagement rings on the other hand only exist with active effort on the part of Diamond Merchants. Which is why they keep being advertised as such.
It’s trivial to make an idea like an advertising slogan catch on when you’re blasting it over the airwaves regularly, but people very quickly forget about them without regular reinforcement. Here’s some of the most famous US slogans from the 20th century fill in the brand: "All the News That's Fit to Print", "Sometimes you feel like a nut. Sometimes you don't.", "Where's the beef?" "The pause that refreshes"
If you’re old enough you might even remember them or the equivalent from where you live, but they aren’t going to roll off the tongue the way more recent examples like “_ eat Fresh”, “Just do it”, “The Best a Man Can Get”, “Like a good neighbor, _ is there.” etc do. Those slogans aren’t better, the difference is just recent advertising budgets.
Christmas today looks nothing like Christmas in 1900, across the world.
Most of the foods today (and I'm not talking about fast food) were invented in the same period. At least their modern incarnations, sometimes they have really old names but the old versions had very little in common with the current food.
Documentation isn’t that great, but back in the 1450’s people decorated fir trees with apples alongside other ornaments which is the origin of modern round ornaments. By the 1530 there where rules limiting people to one tree in their homes. Massachusetts outlawed Christmas celebrations back in 1659 outside of Church attendance.
The tradition had spread well outside of Germany even back in 1841 Winser Castle had a Christmas Tree.
Christmas in Eastern Europe and most other places looked nothing like that. Heck, Seychelles and Hawaii decorate their local trees like they're fir trees in Scandinavia.
> Yes the tradition spread, but people don’t live in the same place our ancestors did 600 years ago either.
Yes, they do :-)
The vast majority of people, especially in underdeveloped or developing countries, DO live in the general area where their ancestors moved during the last migration, which for some was thousands of years ago. People really don't move away unless it's easy or they're forced to.
And my comment also included stuff like food. Most current food is modern.
Even just within Africa there’s been a huge amount of migration recently.
Not all of this was even voluntarily. I have ancestors that trace back to Spanish Armada in 1588 getting stuck in England.
> Most current food is modern.
Only by the strictest interpretation of recipes. Most food is remixes of ancient staples like bread and cheese, or like tomatoes local plants that spread hundreds of years ago.
You could get a cheeseburger, as in ground beef topped with cheese served on a bun, going back to antiquity. Thomas Jefferson had "potatoes served in the French manner" at a White House dinner in 1802. Thin sliced potatoes boiled in oil may have first entered the western diet all the way back in 1623, but we don’t know what "papas fritas" means.
Staples like rice are obviously ancient and still make up a large part of peoples diets.
Meat was super expensive for most people, it was hardly a mass market thing to be eaten every day.
I could go on and on :-)
Thomas Jefferson was an American elite. Americans have had it much better, or at least richer, than most of the rest of the world, for far longer.
That said meat was more common than generally portrayed. Fish has been a staple food in much of the world for a long time. Dramatically lower human population until recently means overfishing has largely been a more recent concern.
But we also look at the ethics of most diamonds. And aside custom lab grown, child exploitation and murder are the norm.
I ethically refuse to pay any money into that system of child exploitation, child murder, and mass violence.
It’s ok to be picky.
Buying a lottery ticket when the jackpot hits a billion dollars and blowing 100k in Las Vegas are both gambling, but the first is essentially harmless fun while the second is a sign of deeper issues.
A line should be drawn when the irrationality of one causes inarguable and debilitating friction in the relationships of that person.
In other words : It's okay to be the person who loves pink, dresses in pink, bathes in pink -- until it disallows that person to find meaningful work/friends/mates/whatever; then it's more than just human irrationality, it's the inability to cope with others and the world at large.
It’s also not particularly uncommon for divorcing couples to still have sex and even care for each other deeply. Based on one study something like ~6% of divorces result in the couple remarrying each other and of those marriages only 30% or so end in a second divorce.
Positional goods have real effects, mediated by other people, in a way that astrology doesn't directly.
Reducing the role of such things is often good life advice, and pushing back on mined diamonds in particular is morally motivated as well, but I don't think it's right to consider it the same as astrology.
How about spirituality or religion?
From poor people destroying their lives in Congo open pit mines to deBeers laughing in your face when selling you small rock which is not that rare for as much money as you are willing to accept. And if you got any form of certificate from then that your specific diamond is not blood diamond, well that paper has less value than used toilet paper, nobody could ever check or enforce that. So people here mentioning how their wives glow when looking at diamonds, well they are looking at shiny human suffering. And if future wife doesn't care enough about that, well you just learned a very interesting personality trait of her, without the need to go through years of relationship.
You’re being pretty harsh on yourself there. Wealth doesn’t only depend on your own efforts and behavior, but a myriad other things. Also, how do you calculate whether they are left with more than you? Is that about inflation adjusted wealth, or other things like education, resilience, number of hours spent with their dad, physical and mental health?
Financially, yes, I need to leave them better off than me, inflation adjusted of course. Education, good habits, good examples, all of these things matter to me as well.
I think the latter is tricky and there’s no guarantee, but we go out of our way to always leave shame out of the equation (big relationship destroyer), and make them socialize (again, if they want to). Eg we have a car with extra seats so we can drive their friends too. We‘re also investing heavily (considering our finances) by putting them in a Montessori school where they can mingle with kids freely, with more teachers available to quell any mobbing.
For me, raising a child is about raising a functioning future adult.
Bunging them £x000 when (hopefully) they're in their 60s seems a bit too late for me to have done my job properly.
Further, what does the parent expect from their parents when they die? Are they going to be annoyed if they don't get 'enough'?
Also, it’s possible to prove some negatives. Mostly though the definitions of terms.
Let’s assume we could kill off all the sociopaths, your point is?
A goldfish can’t be an environmentalist so some minimum cognitive function is required thus demonstrating a genetic component. Note however that doesn’t suggest a goldfish or a human with such extremely diminished capacity is evil. Your good/evil axis and environmentalism is thus clearly separated.
Even if you assume as you suggest there is some good or evil DNA suggesting “it’s racist” would imply a specific distribution of these genes along racial lines. Which is itself deeply offensive because it comes from a place of deep seated racism.
People of extremely diminished capacity are also still worthy of adoption. I could go on, but people as horrible as you should be shunned.
Show me any evidence that cognitive capacity of humans depends on genes.
> Note however that doesn’t suggest a goldfish or a human with such extremely diminished capacity is evil.
https://en.wikipedia.org/wiki/Eichmann_in_Jerusalem
> People of extremely diminished capacity are also still worthy of adoption
I never suggested otherwise.
Of course these days by the time you get to the jewelry phase, this kind of matchmaking is usually resolved anyway. I suspect the tradition started much longer ago when folks got married very quickly (compared to today’s standards).
That variety of woman is best rented.
Sometimes it's no big deal, and I'd recommend your advice. But if it is a big deal for someone, then just be up front about it and why you will/won't do it.
If she is apprised of the alternatives and still demands "No I want EXPENSIVE shiny thing" then it's cultural shaming factoring into the decision making. You have to reevaluate what she sees you as: an actual human being, or a provider mannequin whose validity as a partner depends on subjecting yourself to arbitrary ceremonial consumerist prostrations.
Let people live their lives and you do you. People aren't a "provider mannequin" just because they like to make their partner happy.
I know that a 33k Mazda3 and a 33k Honda Civic are "similar", but neither of them are exactly worth the same 33 thousand dollars. But who cares, really? Ultimately, even a 33k purchase is a "throw" away. You're not gonna compare control arm thickness to find the better value, and you're not gonna examine where the materials came from.
there is also a great distinction between "Yeah I know another helping of chocolate syrup on my ice cream is a bad decision, but it'll make me feel good today.", and "You need to make a 10kUSD+ purchase on a totally arbitrary piece of jewelry that very well may have incited real human suffering and violence, even though I know that desire is irrational and poorly balanced."
I would assume -- maybe incorrectly, I admit -- that this form of irrationality would follow the individual and subsequently the entire relationship.
We all have different 'red flag dictionaries', so by all means people should live their lives; but I doubt I am alone in my assumptions.
That's a tricky topic to broach. Drop one zero from the price tag, and this definitely applies much more to your smartphone and computer than it does to gems. Drop one or two more zeroes, and this covers the clothes you wear just as much.
I'm not denying you have a point here. The suffering and violence are real. But my wife and I both went down the road of paying attention to that, and we've learned one has only so much attention to pay before you can hardly purchase anything at all. Nearly everyone has a cut-off point, past which they stop digging into those issues, otherwise it becomes debilitating.
Call this irrational, but the amount of personal responsibility one should feel for some injustice they benefit from, among with a billion or two other people, is an unsolved philosophical and ethical problem.
Or, my point in short: cut people some slack.
> Call this irrational, but the amount of personal responsibility one should feel for some injustice they benefit from, among with a billion or two other people, is an unsolved philosophical and ethical problem.
I don't think it's unsolved, it's just unsolved in a way that makes people feel ok. The reality is that we regularly choose minor improvements to our lives or even just spend through laziness at a cost of other people's lives.
It's not the case here, because you're not buying gems for their practical value. If you were, then there would not be an issue - lab-grown diamonds for cutting things would be even cheaper than they are, and you wouldn't care about other gems unless you were playing with lasers or something.
As much a I hate it, the entire point of jewelry is that it's expensive and useless. It's the OG "proof of work" kind of thing - you prove your affection by burning significant resources on some piece of junk, and the recipient can use that piece of junk to prove their status to others ("look how much wealth I can burn on stupid shit", or "look how much wealth I can get someone else to burn on my behalf"). Layer a millennium of traditions and a century of De Beers marketing on top, and we get to where we are.
Being practical devalues jewelry; being cheap is opposite of its point; being alternative means being unauthentic, and makes the wearer a liar.
> The reality is that we regularly choose minor improvements to our lives or even just spend through laziness at a cost of other people's lives.
That's the unsolved part. For any given thing enjoyed by me and a billion other people, with hardly anyone talking it's wrong, I suddenly have to take some stranger's accusations and/or guilt-tripping at face value. The math goes like this:
- Surely my responsibility can't be more than one-billionth of the whole thing;
- It's not like I can actually make a difference without upending my whole life. That doesn't feel commensurate with one billionth of whatever the bad thing is;
("Voting with your wallet" is bullshit; boycotts don't work; you can't really make a dent without a large movement here, and good luck creating one over random consumer decision - you're competing with efforts to start a movement over ever other such decision, and people's attention is finite.)
- You came out of nowhere and started guilt-tripping me, it's not just inconvenient and makes me feel bad, but it's also a technique used by scammers and cultists and politicians - so why should I trust your math in the first place?
With a little hand-waving, the solution to above inequality is "I'm not going to change, and I don't like you anymore".
I'm not saying this is good - just that it is. That's the bit that's unsolved in practice.
You'll get the value of the gold in the ring but not much for the gemstone.
They want them because they are pretty and because – like it or not – it’s what society has taught them to expect.
I've been tempted to try making them at home since about 2007, but for some reason all the different people I've lived with since then have objected to me running a lightly modified microwave oven continuously for a month at a time, with a few holes in the heating cavity so I can install an inverted pyrex bowl and pipes to connect it to a low-pressure methane supply system…
That's what we are doing here! But in this case most people seems to be sympathetic to the people that suffered to get you and your wife a diamond? I don't think rich people with frivolous desires need any more "empathy"
--
[0] - It's always "some of them", "could be". The industry has blood on its hand. The particular rock you might buy your wife? Unclear. It's not like with e.g. tantalum capacitors which, at some point, AFAIK were all made out of tantalum sourced from child slavery mines in Africa. I honestly don't know if "some" diamonds are more like 50% or 5% or 0.5%.
Not unclear: as the not-blood diamond is more expensive, buying it is morally the same as buying the blood one. Now that is similar with many things that is produced and sold around the world, the problem with diamonds (and other luxury goods) is that we definitely could have a better society without it. It is not the same as giving up on iphones (which also shouldn't be produced by kids or starving people btw)
That's no excuse to continue.
In terms of living a more ethical life (on several different levels), this is a crude but generally effective way to go about it.
- Religion brings some people comfort and peace.
- Sports speak to our tribal nature evolved over millions of years.
- Sports cars are fun and exhilarating to drive and a status symbol or wealth and success, which help to attract mates.
I find making such comments very rational: They convince random observers not to support wars and child labor without any reason apart from following blind marketing.
> If you really believe that humans can or do operate "rationally" about any significant part of their lives
People can and do operate rationally from time to time: It's our main difference from the animals.
> Your definition of "rational" and the assumption that it could be universal is itself irrational.
If your definition of "rational" is supporting wars and child labor, then I indeed agree with you that you are irrational.
Yet for many other people, there is little to no practical difference in the value of those two choices. Are rich people some how less pragmatic/objective because 10k is effectively pocket change to them?
My point here is that there is no objective sense of rationality here - it's all relative to the point of the observer, and casting judgement on others from your own particular viewpoint is largely meaningless (and presumptuous).
However, I personally think the "rings must have a very expensive diamond" thing to be very silly. I know that it may be subjectively very important to the potential recipient, but that it seems to sometimes really be so inflexible feels murky in the "what normally tacit power dynamic in this relationship is this revealing?" sort of way. The only significant tangible difference between the diamond and moissanite is the mental totem: "It is a diamond, he bought a diamond for me. He wanted to buy something else but I wanted this and he got it". Which is a problem when it comes to that: that the recipient cannot budge on something so arbitrary. It feels more like the whispers of the DeBeers cultural brainwashing: "You don't deserve to have her if the sacrifice you made to purchase this wasn't big enough"
If a woman gets X amount of utility from a diamond ring over an alternative, how would it be invalid if I said I got -X utility from having to purchase it?
This is one of those hard to beat arguments where I know I'm not facing a purely rational point of view. I understand it, that's why I added the first paragraph of this response. It's one of those issues where I feel I'd need to have a Christopher Hitchens level of rhetorical skill to make any headway in my favor.
yeah but I wouldn't tell someone that seems reasonably happy with the person they married that I wouldn't marry them.
As long as we're listing the things we wouldn't do.
If I disagree with it, I'd think "their loss, sucks to have weird arbitrary standards"
If I agreed then I'd have been lying about my happiness with the relationship.
Either way some things need to be said. I haven't seen any good arguments in favor of purchasing a diamond ring which don't seem to dismiss and devalue the agency and right to an opinion of the purchaser.
Even uncut diamond crystals have a very particular "fatty" shine to it that some people might like and enjoy.
However I've seen demands that a fiancé purchase a real diamond, not a much cheaper "synthetic" one, even though it's structurally identical. That this was even a notion affirmed my assumption that the psychological importance of purchasing a diamond is tied to the price itself.
Luckily we dodged that bullet.
Whenever my wife gets comments about her moissanite, people notice it's different. Due to it's refractive index, it breaks light more and leads to a lot more colors seen when reflected back out of the stone. Loads of people just think it's a fancy diamond though since they don't know anything else and it otherwise looks very diamond like.
CZ will look about the same as diamond just not as sparkly on day one. But it's way softer, so if it's a daily wear it'll get all scratched up within several years. After 10 years of wear the difference between CZ and diamond is pretty clear.
- I love my wife!
- Well, I wouldn't marry her.
Might be the kind of communication (obviously, broken down here to its base level here) that would be considered out of line by a significant portion of the world population.
>I haven't seen any good arguments in favor of purchasing a diamond ring
As a gift
>which don't seem to dismiss and devalue the agency and right to an opinion of the purchaser.
when buying a gift for someone it is probably good to consider and value the agency and right to an opinion of the receiver.
Not saying you are forced to buy a diamond, I don't have, but that is partially because my wife does not have strong opinions on that subject either way.
> when buying a gift for someone it is probably good to consider and value the agency and right to an opinion of the receiver.
Which was obviously considered in the situation. But buying any gift of course is not a 50:50 affair. One person is spending all the money. By principle I think that person should have more finality in the decision than the person only receiving the gift.
Even then, I'd be very careful to deliver the message in the most amenable way possible.
No one is immune from trying to fit into a group, by valuing things that the group values.
You can tell your self that your Audi is objectively the best car for you, or that Mac is required to do your job most effectively.
For anyone who thinks they are totally immune, go and spend a week with an Amazonian tribe, and try to spot how many cultural differences there are between you, and then those differences are just you fitting in with your fellow tribe at home.
The best you can say is that there's a healthy balance between fitting into your pack and being subsumed by it. I don't think one diamond makes that case though. What is the difference in principle between that an someone spending years of their time making a hobby os or spending money and time making a computer from valves. Both things that 'our pack' would tend to view favourably.
A man that relies on rational thought should avoid marriage; the cons absolutely outweigh any advantage.
Similarly, you can love w/o sabotaging the relationship by marrying, giving the other party a red button and a strong incentive to press it, effectively pushing the relationship out of balance.
Statistically, they will. And statistically, you'll be screwed.
No assuming. Refer to data on Divorce Court rulings on who gets screwed.
Spoiler: It is men, as well as the children if any.
Hard data shows what the odds are like for children who grow up in broken families.
But Love is also not tied to marriage, as registered outcomes show.
It destroys families.
Well-known in the United States.
>By whom?
By anybody not willfully ignorant on marriage and its recorded outcomes.
It would have to be willfully ignorant because, if living in the states, not noticing how much it is happening all around oneself would be very unlikely.
It is, and continues to be, that the extremely unbalanced (against the man) outcome of divorce creates a massive power unbalance in the relationship. And that's the incentive.
As the almost-guaranteed to be greatly benefited party, pressing the button is, rationally, a much better option than trying to resolve any issues in the relationship.
A relationship w/o marriage lacks this perverse incentive.
I will pass on giving Her a diamond and a government-endorsed knife to stab me with. We are supposed to be equal and this shit is ridiculous.
Note I am ending my participation on this discussion here, on my end, as it has started to go in circles, some heat is sensed, and I can tell it will not be productive to go any further.
What we actually know is how marriage ends. Right now, it is already divorce, for almost every marriage.
When divorce happens, courts rule in favor of the woman, most of the time. As a man, it is irrational to marry.
When there's children, it is well demonstrated to result in very bad odds for the healthy development of these children.
As a parent, or intend-to-be parent, it isn't just irrational, but deeply irresponsible as it involves the children's well-being and future.
Marriage is insufficient to save a relationship which wasn't healthy in the first place, though.
Marriage is a concept humanity made up, and in another era might have made sense.
Exactly. Two parent household.
Once divorce happens (which will, statistically), it'll be a monoparental or otherwise unstable household.
And the children will, too, suffer. All because of someone's irresponsible (done against hard data) decision to marry.
It SHOULD be easier to make an industry of fairly-sourced tech than it is to make an industry of fairly sourced minerals.
But the tech industry makes far far more off of their slave labor than any mining industry, and the average person is far more likely to ignore the guilt of a device they need to use daily than a rock they wear occasionally.
And anyway, one of my values is affording grace for people who I see as flawed in some way. I'm certainly quite flawed myself.
It's about the sacrifice, and what that represents. It's about the tradition.
I would do (just about) anything for my wife, up to and including working arbitrarily hard for an arbitrary rock that she arbitrarily thinks is meaningful and awesome. I don't care about any of those details, and neither should any partner. You should be caring about what she wants.
If your partner wanted a diamond for all those other reasons, and you explained they aren't those things, then your partner wouldn't want a diamond anymore. That's not the case in this hypothetical example.
As the commenter upstream said, be aware of what you are buying, do your research and be knowledgeable, but for God sakes get her what she wants!
Diamond wedding rings have only been en vogue since De Beers' 1946 marketing campaign. It's a garish facet of soulless modernity masquerading as classical. Even the notion of pampering one's wife is a way of maintaining the patriarchal division of labor by keeping women in a dependent role.
In a world where money talks, insisting that men afford diamonds while women only receive them is tantamount to disenfranchisement and an abridgement of women's free expression. Are we equal partners, or is she your domestic servant? Are you the gatekeeper of her wealth and, therefore, speech and agency?
What a man buying a diamond ring "represents" is his agreement to financially provide, while the woman’s acceptance of the ring "represents" her agreement not to pursue financial independence.
Ultimately it's about tradition. I wear the ring my father (a master jeweler) made for my grandfather who wore it as his favorite ring for most of his life before passing it on to me when he passed. My wife's ring was hand made by my father, with a diamond which sat in his safe for years prior waiting for me.
It's not about the things. It's about the people.
In your rush to make these little trinkets spin a whole tale about broader humanity, you're missing the humanity right in front of you.
I won't begrudge anyone their personal family heirlooms. I completely understand your perspective, because it's a nice story.
That being said, you've shifted the goalposts with your anecdata. Familial inheritance is an exception which preuves the rule. And, furthermore, jewelry being your family business, I suspect you've a misunderstanding essential to your paycheck. My words are pearls before oysters.
You may yet understand the harm of patriarchal heteronormativity (heck, The Feminine Mystique came out in 1963, and the Cult of Domesticity is far from abolished) but probably the subject of engagement rings is not the radicalizing grain of sand for you.
I don't currently have a partner, no, but I inherited these views from many years of lovers, partners, and friends. As a straight, white man raised in a Christian nation, I held the familiar, patriarchal views on marriage and gender roles without question until I started dating queer women in college (and almost exclusively thereafter).
I think that "how they feel about it" is they would prefer to live in a world with men who are familiar with—and reluctant to participate in—patriarchal dynamics. These women have been hurt by men who mistake domination for romance, and furthermore believe this mistake to be commonplace. I can't say what they "feel" about my precise thoughts here, because I'm extrapolating from a lot of data over many years: conversations, books, research, statistics, workplace and social experiences, etc.
I think it's safe to say, though, that I cultivated a feminist viewpoint in part because the women in my milieu wouldn't have otherwise felt safe around me. This is a perspective that I took in an attempt to empathize with women who explicitly told me they were both weary and wary of men who don't take this perspective.
So unless I've made a terrific mistake and fundamentally misunderstood dozens upon dozens of women and feminists, I think they feel safe, relieved, and reassured. That's all I'm trying to be, by the way: safe, and not harmful in the ways I've seen people hurt.
...and I think engagement rings cement relationships that facilitate abuse. I doubt you spend much time interrogating the sources and prevalence of abuse, but little matters more to me.
You are allowing your beliefs to cause you to throw stones at others.
In this interaction, you are the abuser, to me, to my wife, to the others you have insulted and hurt with your statement.
One woman's diamond is another engineer's MacBook.
What a romantic! I recommend not apprising your fiance of anything, but working to understand them and make your engagement as joyful and loving as possible.
> I made it clear though that if I got this, she is not getting a new one for a long time (she has a tendency to want to rent / sample / change things up).
Is she 12 years old? Is it legal to marry someone that age? :) I hope she said, 'oh, yes dear, whatever you say', and went out and bought another the next day.
But I'm guessing you didn't say actually that to your spouse. I hope you said something like, 'I'm a bit worried about our budget for such things'. Unless it was for your engagement, and then I hope you didn't say a thing.
> Guys, buying diamonds, can complain all day about what a rip off it is (it is).
People buy similarly useless crap all the time, like cars that are more expensive than they need. Why is her preference any less legitimate, why does it need any more excuse, than any other? The only argument I see is, it's not your preference.
A purchase that is solely ceremonial and build on outdated cultural mores does merit a rational discussion about expenses and alternatives. To entertain the notion that such things shouldn't even be discussed because engagements are "oh so special" is silly. Cultural shaming shouldn't keep people from having reasonable discussions, especially when it's a purely ceremonial, psychological purchase, rather than something practical both partners could get value out of.
You're asking the wrong questions and giving the wrong answers to them.
Wrong questions: Those things don't matter in a serious, mature relationship, or are a low priority. The question is, what does your partner think? If it's important to them, then it's important. QED. That's because you care about your partner infinitely more and everything else is bullshit.
Wrong answers: If it's not important to your partner, then you discuss it. But you're still wrong: The correct answer is not to bother with the discussion, but to make sure your partner feels listened to, respected, and supported. Make sure you feel that way too, or your relationship will eventually bomb.
More wrong answers: If all of the above is done, and there's still room to discuss it, go for it. But you are still wrong: My impression is that you and the GGP seem to think that your opinions (and the grand HN consensus) are truths. Your opinion is just one limited take on reality.; your partner will have their own take, and, crucially: it's completely independent of you and your judgment; you have no business evaluating it; you just accept it. You listen, be curious about their take - give them space and time, because when you cut people off with your opinion, you actually never hear theirs (a widespread mistake of the arrogant, trapping them in ignorance). You take it in, challenge your own ideas. Then, finally, you are right to express yourself.
Yeah right! Things like diamonds are not about having shiny things, they are about getting shiny things.
Sounds like me talking about my toddler and his Legos
If the fact it's been on someone's finger before bothers her more than the potential conflict, slave labour, manipulation and underhanded trading, then I don't think a little white lie is a bad thing. Spend the money on something else
Point is... marketing rules the world, programming just supports it.
Edit: To be fair, I showed her the other options and she likes the ring I got her on sale more than all the other options that were available. And she was very happy that the rest of the money was spent on us.
https://www.pricescope.com/diamond-prices/diamond-prices-cha...
That (crappy) $4.6k diamond would be from $3.3k on now :
https://www.bluenile.com/diamond-search/?CaratFrom=0.9&Carat...
So that's a -28%, and assuming no change between 2006 and 2008, this does seem to fit the recent drop in 0.5 to 1 carat prices seen on the chart ? (Note that all of the drops happened since early 2022.)
Meanwhile, the lab grown equivalent is around $1.6 k :
https://www.bluenile.com/diamond-search/?CaratFrom=0.95&Cara...
(Where did you get the $550 figure from ?)
----
More interestingly, looking at diamonds that aren't crap (why would you settle for that when it's their optical properties that you are after ?), you have in the same size of 6.5 mm :
From $3.5k-3.9k for natural ones :
https://www.whiteflash.com/loose-diamonds/round-cut?carat=0....
(Clarity doesn't seem to matter that much, because it has not much effect as long as it can't be seen to the naked eye, which in these except the worst one it probably won't be ? https://beyond4cs.com/clarity/ )
From $1.3k for the lab-grown ones :
https://www.whiteflash.com/loose-diamonds/lab-created-diamon...
All the sellers I have seen so far but White Flash seem to at best have a tiny, monocolor «Hearts & Diamonds» logo - which makes it hard to judge for yourself. And at this point the prices are low enough that it doesn't seem to make sense to settle for less if your goal is something like an engagement ring.
I don't know, maybe I am exaggerating the importance of this - (and maybe moissanite or even cubic zirconium would actually make for even better optical properties) - but it does seem like that diamond buyers are overwhelmingly getting taken advantage of : https://beyond4cs.com/truth-about-gia-triple-excellent-diamo...
I was interested enough from this article that I was willing to try to find out by myself (including comparing with similar crystals) - but annoyingly White Flash is US based and doesn't export to my country.
Turns out all those warm fuzzies are generally cancelled out by the likelihood that our emerald is as bloody as any diamond. The story of emerald trafficking in Colombia is dark.
Rather, I suspect they slaved away in the mines so that they wouldn't be whipped and have their hands cut off.
(I'd never question your own choice to not buy it on those grounds, but proselytizing it seems to imply there are some stakes here that make it worth encouraging "everybody" to take up the same cause, and I just don't see how it matters.)
In areas where value is more tradition than intrinsic (ie rhino horns, whalebone) it’s probably effective, but at a certain point it’s navel gazing.
However, being in the market myself, I do think for a nice setting and stone you will pay $500-$1,500 for them if looking or certain cuts (kite cut as an example), sets, or styles.
Likely De Beers did what cartels do and threw their lawyers to take it down?
diamondssuck should instead link to https://web.archive.org/web/20130522104756/http://www.theatl... which is a working link.
The long article is truly worth a read.
> According to industry estimates, the average one-carat flawless diamond had fallen in value by 50 percent since January of 1980. In March of 1980, for example, the benchmark value for such a diamond was $63,000; in September of 1981, it was only $23,000.
> Diamond: Via Blue Nile: 1.00-Carat Round, Very Good-cut, I-color, and VS1-clarity diamond comes accompanied by a diamond grading report from the GIA. Price: $4,565
https://news.ycombinator.com/item?id=38252743
So, converting to today's dollars, that's :
1980 : $235.3k/1ct
1981 : $ 77.9k/1ct
2006 : $ 7.0k/1ct
2023 : $ 3.5k/1ct (and 1.3k/1ct for lab-grown)
Also, why the HELL would investors think that's a store of value, like here ?!?
https://news.ycombinator.com/item?id=37508058
I guess it's more «investors» + speculators instead, which only looked at recent values ??
Fortunately, my wife agreed wholeheartedly and we used the obligate ceremony to invite our two favorite people and leveraged the "it's our wedding" card to force them away from their jobs so we could eat Chinese food and play board games with them.
Is there anything more to it than social jockeying and prestige?
1) That if someone wants to sell a used diamond, they get pennies on the dollar. It's reasonable that they would sell at a small discount compared to wholesale prices, because of the extra work of authenticating it, the small volume etc., but the difference is so great that one assumes that some businesses would step in and take advantage of the arbitrage opportunity
2) That there is any difference at all in prices between mined and lab-grown diamonds. They are literally the same material, and lab-grown diamonds are as "real"as the mined ones
Just consider gold. You can sell used gold at a small discount compared to spot prices, and if there was a cheap way to make "lab grown" gold, I am sure it would sell at exactly the same price as mined gold
Monopolies/cartels can create all sorts of market inefficiencies if they want to.
You get cents on the dollar. Even or I should say especially brand names like Tiffany.
The whole thing is a scam from start to finish and I wish I could go back in time and avoid the entire thing.
Hot take: Diamonds are scams, don't buy them! Take a trip, buy a house, start an investment account instead.
You do realise that in the (admittedly unlikely) event of that needing to be cut off, you won't stand a chance?
Example: https://youtu.be/eKxUYvKR-jw
It rains diamonds on Neptune.
Naomi Rowe-Gurney: So I mentioned methane being the reason why these two planets are blue. Well, methane has carbon in it and that carbon can occur by itself and also be crushed by the immense pressures that happen, like, deep in the atmosphere, so much deeper than the levels that I look at. And inside the planet, when it gets really hot and really dense, these, these diamonds form and accumulate, and then they become even heavier. And that means that they kind of rain down in the atmosphere. But it’s not the rain that we see here because these pressures are extreme, and you’ll never be able to get there as a human. So even if these diamonds do exist, we would never be able to go and grab them. So… unfortunately.
https://www.nasa.gov/podcasts/gravity-assist/gravity-assist-...
Closer to a mesospheric cloud?
That said there’s really no reason to buy new unless it’s a custom made piece.
From a resource utility PoV it costs more to source than copper or aluminium which are nearly as conductive - so they win out for electronic and power transmision applications.
There are applications where gold is the clear winner - "forever" circuits and switches that are worth the extra cost to have contacts that never corrode, space tech, etc.
But the reality is that the vast vast majority of gold mined gets turned into bullion and horded (my precious!!) or played with a little and worn as jewellry.
I've been in and around the gold mining industry for decades, I'm not a hater - but it's easily one of the most valuable useless things we spend vast amounts of energy on gathering.
if you're part of a culture that values gold then gold has percieved value .. otherwise it's not especially useful
(in that other elements have similar properties and are cheaper to bulk source, with few applications that benefit uniquely from gold).
'Useful' being the pragmatic sense, food, shelter, clothing are neccesary, concrete and steel are useful, copper is useful, gold is (mainly) hoarded and shown off.
The electrical conductivity of copper is slightly higher at 5.96 x10^7 S/m than gold which is 4.11×10^7 S/m. More importantly is the lifespan of the two metals. Copper has a high oxidation level. So, if installed in an unstable environment (such as outside), it will fail sooner than gold.
They're close (which is how I misordered the two) with the corrosion Vs non corrosion of copper V. gold being a factor in switch contact lifespans - typically high copper alloys with lower oxidation rates are used./s
Isn't it "hoarding" (acquiring an excessive number of items and storing them in a chaotic manner)?
But either way, 1/2 a trillion is just 1/8th of the yearly federal budget. Not sure it is an amount that matters much to the government.
Put another way, if we look at all the parallel realities of Earth, even prior to the discovery of gold, I suspect the overwhelming majority of them would end up using it as a major store of value. It's just really perfect for it! We may even find alien civilizations, assuming a comparable elemental distribution to Earth, doing the same!
In exchange for all that, you get a physical object that can be lost, damaged, or stolen.
If you're going to invest in gold, it seems like a poor way to do it.
All of that nonsense is long gone; the fetish for engagement rings is just a residual and empty metaphor. Good riddance.
My US gf was astonished and dubious that my relatives (in various other countries) didn't have diamond engagement rings, or engagement rings at all.
How an Ad Campaign Invented the Diamond Engagement Ring
In the 1930s, few Americans proposed with the precious stone. Then everything changed.
https://www.theatlantic.com/international/archive/2015/02/ho...This is likely a legend.
Meanwhile the government is simply providing some infrastructure as a service to people who want to make such commitments.
Does that mean you can buy one second-hand at a low price, and avoid the inflated market entirely?
Edit: I checked and multi diamond cluster rings look way more impressive and make single diamond rings look cheap and icky.
Similar to not buying clothing from someone deceased or a wedding dress from someone divorced.
Can argue that this is not very rational. But much about the wedding process isn't :)
That's why your shop should only sell the weddings rings from people who had a long and successful marriage and died peacefully in their sleep at age 95.
A 60 year marriage, ended by death of one spouse shouldn't be unlucky. Especially if it was actually the death of both spouses in some tragically romantical way.
Don't underestimate the power of superstition.
Lots more here! https://news.ycombinator.com/item?id=38246406
"Diamonds are forever". Yeah, they are - because once you buy it, you can't really sell it to break even, let alone make a profit. Gold has natural market price fluctuations at least.
But actual diamond jewellery is mostly priced like artwork. The worth of the actual separate components has very little to do with the price of the item.
From people that I observed over the years I saw people who had low self esteem mostly that would pull up with loads of jewelry.
There are also people who like it as small accents but I don't think they do it because it is worth something but more like they just like it and that's fine.
Unknown quality ~6.5 mm second-hand lab-grown diamond : $0.8k :
https://louped.com/lab-grown-diamond114927.html
High quality ~6.5 mm new lab-grown diamond : $1.2k :
https://www.whiteflash.com/loose-diamonds/lab-created-diamon...
----
Crappy ~6.4 mm second-hand natural diamond : $3k :
https://louped.com/gia-certified-round-diamond-114841.html
https://www.freediamondreport.com/report/lab/GIA/cert/545639...
High quality ~6.5 mm new natural diamond : $3.5k-3.9k :
https://www.whiteflash.com/loose-diamonds/round-cut?carat=0....
(Clarity doesn't seem to matter that much, because it has not much effect as long as it can't be seen to the naked eye, which in these except the worst one it probably won't be ? https://beyond4cs.com/clarity/ )
Currently in the end market the price is $200~300 for a 1CT synthesized one, and the quality are simply better all around. The only way to distinguish natural ones is to track from the start where each is mined and processed, which is a bit absurd.
Many of these factories were associated with drill head industry and the like until they found the jewelry market is much more profitable and got the trick to mass-produce them. If they are willing to compete a bit the price might even go lower.
Moissanites: What Every Consumer Needs to Know by Rhino's School of Rock: https://www.youtube.com/watch?v=KJjohJJYOMU
About halfway through the video there's a good glimpse of the software and hardware used for grading, which is fascinating to see. It's all about optimizing the cuts so that the maximum amount of light is directed where it should go.
When my brother married, they went to the city council and signed a document. Later that night they threw a party in their own garden.
Probably didn't even spend 1K in costs, and everybody had a fantastic time and is still talking about it 20 years later. It really was a special day and they're a happy couple.
Just saying, you don't need all this garbage. It's about the people, not the stuff.
In 2023, the city seems to think that diamonds are cool, with a diamond museum, public transport stops named after diamonds, tax cuts and promotions. In reality, however, it's mostly a bunch of very shady looking shops, the occasionally robbery, embargoed Russian imports, and a fair bit of crime. It's entirely unclear why the city is so seemingly proud and obsessed with diamonds.
Instead of realising that this trash is worthless, and this industry would be better off dead, they're spending money on tracing systems (an actual block chain implementation!), including microscopic laser etchings to identify diamonds.
Won't somebody please think of the hedge funds!
You can buy "quantum radiation remover stickers" on eBay, have been there for years. Apple stores get overnight queues of people on release dates. Homeopathy is paid for by the German public health system.
I don't know how people get away with this.
It's worth noting that "anthroposophic medicine" (not just homeopathy) while paid for by the German public health care system is explicitly treated differently than actual medicine. There's a lot of "alternative medicine" treatments that are covered by German public health insurance but they're explicitly considered "treatments" not "cures". This entails a different standard of evidence: anthroposophic "medicine" only needs to demonstrate an absence of harm whereas actual medicine needs to empirically demonstrate a balance of positive effects and negative side-effects. Anthroposophic "medicine" sometimes cites studies involving self-reported effects but the health claims are strictly controlled, you can't e.g. claim your sugar pills cure cancer just because there's a bogus self-report study indicating cancer patients felt better with it.
I'm not defending the coverage of "alternative medicine" by health insurance. Customers should be able to easily understand whether the product the pharmacy is selling them is an actual medical drug or just an expensive filler or a "natural remedy" with no demonstrated health effects - and ideally the latter shouldn't be sold in pharmacies (or at all) to begin with and certainly not with (implied) health claims.
But thanks to German consumer protection laws there is a line for what claims you can get away with and which ones will get you sued. It's not as tight as I'd like it, but it's there and it has an effect, unlike homeopathy. In other words: while "quantum radiation removal" is hard to even evaluate as a claim as it's entirely made up woo, selling "quantum radiation remover stickers to prevent cancer and AIDS" (or selling stickers that are unsafe and will cause cancer if used as intended) crosses an important line turning the latter illegal in Germany.
Anglo American is publicly traded with all it entails.
We can make gold in the lab.
It’s radioactive gold but still gold.
Edit, actually i think in the 1980s Seaborg might have created stable gold out of bismuth, but just might have. The articles aren’t mentioning which isotope was created so I don’t know. Mercury to gold is radioactive isotopes, which is the one I’d known about.
Listen to the podcast Shit Town. It's one of the best pieces of media ever created.
Diamonds are excellent heat sinks and that's increasingly often used for electronics:
- https://www.powerwaywafer.com/diamond-heat-sink.html
- https://www.coherent.com/news/blog/diamond-heat-spreaders
Not to mention that gold is one of the most useful metals out there, just several orders of magnitude too expensive.
Copper is used as cheap gold
Mica is used as cheap diamond.
Mica is easier to work with than diamond as well as being cheaper.
Both gold and diamond have exotic uses. Diamond is common as an abrasive but no need for clear ones for that application.
[0]: https://www.theatlantic.com/magazine/archive/1982/02/have-yo...
That's all the contribution I have for this thread.
Diamonds are losing their allure - https://news.ycombinator.com/item?id=37508058 - Sept 2023 (128 comments)
Have You Ever Tried to Sell a Diamond? (1982) - https://news.ycombinator.com/item?id=37396372 - Sept 2023 (11 comments)
What's the case for naturally mined diamonds anymore? - https://news.ycombinator.com/item?id=37275308 - Aug 2023 (49 comments)
Man-made diamonds are falling in price and appealing to more people - https://news.ycombinator.com/item?id=35748205 - April 2023 (9 comments)
Diamonds Suck (2006) - https://news.ycombinator.com/item?id=26698511 - April 2021 (53 comments)
Diamonds aren’t special and neither is love - https://news.ycombinator.com/item?id=25978139 - Jan 2021 (90 comments)
Artificial diamonds creation process generating lonsdaleite - https://news.ycombinator.com/item?id=25158428 - Nov 2020 (61 comments)
Diamonds Are Bullshit - https://news.ycombinator.com/item?id=25059605 - Nov 2020 (27 comments)
Billions of dollars of unsold diamonds are piling up around the world - https://news.ycombinator.com/item?id=23502201 - June 2020 (104 comments)
Shaking Up the Diamond Industry - https://news.ycombinator.com/item?id=22209364 - Feb 2020 (120 comments)
Diamonds Keep Getting Cheaper - https://news.ycombinator.com/item?id=21522898 - Nov 2019 (389 comments)
Have You Ever Tried to Sell a Diamond? (1982) - https://news.ycombinator.com/item?id=20818618 - Aug 2019 (237 comments)
The Elite Club That Rules the Diamond World Is Starting to Crack - https://news.ycombinator.com/item?id=20555503 - July 2019 (200 comments)
Would You Pay $32,709 for a Lab-Grown Diamond? - https://news.ycombinator.com/item?id=19287565 - March 2019 (34 comments)
Diamonds Suck (2006) - https://news.ycombinator.com/item?id=17186457 - May 2018 (215 comments)
Diamonds Are Bullshit - https://news.ycombinator.com/item?id=17184539 - May 2018 (45 comments)
De Beers admits defeat over man-made diamonds - https://news.ycombinator.com/item?id=17183603 - May 2018 (439 comments)
Lab-grown diamonds threaten viability of the real gems - https://news.ycombinator.com/item?id=16551147 - March 2018 (301 comments)
Lab-Grown Diamonds Come into Their Own - https://news.ycombinator.com/item?id=13085273 - Dec 2016 (103 comments)
Diamonds Suck (2006) - https://news.ycombinator.com/item?id=12944464 - Nov 2016 (576 comments)
A Lab-Grown Diamond Is Forever - https://news.ycombinator.com/item?id=11903409 - June 2016 (106 comments)
What the diamond industry is really selling - https://news.ycombinator.com/item?id=11099809 - Feb 2016 (83 comments)
Diamonds Suck (2006) - https://news.ycombinator.com/item?id=10834567 - Jan 2016 (2 comments)
Diamonds are Bullshit (2013) - https://news.ycombinator.com/item?id=9251952 - March 2015 (75 comments)
A Diamond Market No Longer Controlled By De Beers - https://news.ycombinator.com/item?id=7793386 - May 2014 (111 comments)
When Diamonds Are Dirt Cheap, Will They Still Dazzle? - https://news.ycombinator.com/item?id=7615712 - April 2014 (70 comments)
Diamonds Suck - https://news.ycombinator.com/item?id=6868968 - Dec 2013 (3 comments)
Diamonds Are Bullshit - https://news.ycombinator.com/item?id=6331565 - Sept 2013 (8 comments)
Diamonds Are Bullshit - https://news.ycombinator.com/item?id=5403988 - March 2013 (734 comments)
Ask HN: How have HN readers bought diamond engagement rings? - https://news.ycombinator.com/item?id=4971735 - Dec 2012 (25 comments)
Have You Ever Tried to Sell a Diamond? (1982) - https://news.ycombinator.com/item?id=4535611 - Sept 2012 (225 comments)
Have you ever tried to sell a diamond? - https://news.ycombinator.com/item?id=1405698 - June 2010 (85 comments)
Have you ever tried to sell a diamond? - https://news.ycombinator.com/item?id=1110283 - Feb 2010 (76 comments)
The Facts About Diamonds (and why I don’t like De Beers) - https://news.ycombinator.com/item?id=1109318 - Feb 2010 (41 comments)
De Beers profits fall 92% - https://news.ycombinator.com/item?id=722115 - July 2009 (25 comments)
Diamonds on Demand - https://news.ycombinator.com/item?id=330749 - Oct 2008 (16 comments)
I wonder if HN would consider a feature where an article would automatically link previous submissions of same topic.
Seems like a great way to get insight of how novel a topic is.
If that is true, then buying something more expensive than the usual thing doesn't invalidate any of the arguments against diamond engagement/wedding rings.
If emeralds are cheaper, then while I'd rather have the emerald anyway (it's prettier to my eyes), I can't see any person (male or female) preferring the cheaper jewelry.
"Should we spend $X of our now common budget on a ring, or spend $Y < $X on a ring and buy a nicer car/pay out the house faster/add some more to the kids college fund?"
If she says "the ring" to that, consider a replacement.
Less damaging to his ego?
A woman rejecting a man because the ring was not good enough portrays the woman poorly.
A woman rejecting a man because she can do better portrays the man poorly.
Sounds like your friend dodged a bullet there.
(I proposed to my now-wife without a ring. After she said yes, we went shopping for one).
As always, if it worked for your marriage, it worked, but many of us can sniff out a fake from across the room. And it will always look tacky and cheap and she will be wearing it, in theory, the rest of her life.
I have visited exactly one jeweler in my life that set man made stones into quality precious metal settings. Every moissanite I’ve seen has been in the same plated stuff that gets cut glass or cubic zirconia or the like.
It is a shame that the free fall of price caused by the precipitous drop in consumer demand did not impact jewelers’ behavior. We must assume that high-end jewelers turned away customers wanting stones other than diamond and shut down their businesses over the past couple of years. The thought of moissanite or literally any stone other than diamond cannot be countenanced by quality jewelers (a group famous for not bending over backwards for money)
I get a better ring for the price and people who talk about “sniffing out fakes” because in their mind conspicuous consumption creates social value will avoid me.
Sign me up!
But lab grown diamonds are just as good. And no children died in their creation, so that's nice.
With the right lab equipment, you can read the brand mark DeBeers puts on their mined diamonds, if nothing else.
If the alternatives look tacky and cheap, which I'm willing to admit they might, even if I can't tell... the rational choice is to skip the symbols all together, or maybe just simple, quality, not terribly expensive wedding bands.