Finally, rocks might be worth what rocks are worth.
I’d buy more diamonds, but I spent all my money on avocado toast.
I like how they sparkle, but I would rather get a perfect diamond for that made in a lab.
My mother was always bitter that an anniversary ring my father gave her turned out to be synthetic, but I think back in the 80s lab grown diamonds went cloudy after a while.
She could also have been complaining about anything and Everything my father had done 24/7 once the separation and inevitable divorce were in effect.
Artificially expensive shiny rocks less valuable than advertised.
Fun fact, reputable pawn shops don’t pay for gemstones because they’re effectively worthless. They only pay for previous metals. If you sell a wedding ring they’ll only pay you what the metals are worth.
Not really. They will pay you as little as they can get away with. Often that’s the value of the metals.
Precious metals*
Lol
I bet there still over priced.
Bottom falls out on commodity made artifically rare through imperailism and corruption. Is this the part where I’m supposed to feel bad for De Beers?
Yay polyamory is taking off
If that was the case they would have pivoted towards selling polycule rings, they could sell N*M rings to a polycule with N males and M females
… not really. that has been said since the 1970s, and it hasn’t happened so far (on a larger basis). i put it somewhere between nuclear fusion and antimatter spaceflight.
It says marriages are on decline
I’ve been waiting for this for years.
26% down from a wildly inflated peak isn’t all that earth shattering tbh.
However the growth in popularity and price drop with synthetic diamonds - that’s what’s newsworthy here.
In the land of ever increasing red line, any stagnation is bad, any drop is catastrophic.
It’s clearly beginning of an end for diamond mining.
Paying overprice for a lump of carbon is insane.
Fucking young people and their… lack of money!
I respect jewelers and stonesetters as an art, but the rock itself has negative value in my eyes.
The rock is quite useful as an industrial tool. It’s when you cut it in to a fancy shape and wear it that it’s pretty useless.
We use diamonds to test the hardness of materials, grind really hard things smaller, orient and locate specialized cutting tools, and cut through really hard things. Hell we sell garnet by the barrel to help cut through regular materials. Orderly carbon or, in many cases orderly aluminum oxide, is something we need a lot of. The price going down on those is actually good for manufacturing.
I own twns of thousands of diamonds. most of them are embedded in metal plates and I use them to sharpen chisels. A few are on little wheels I use to cut steel.
But the industrial rocks are 90% manmade, the stonesetter diamonds were mined with slave labour or close to it, and people probably died for them.
Good. Hope the whole industry goes bust.
Good. Fuck rich people.
