Diamond Industry Criticism
This cluster focuses on critiques of the diamond trade, including De Beers' monopoly, artificial scarcity, poor resale value, and heavy marketing for engagement rings, with frequent recommendations for lab-grown or synthetic diamonds as superior alternatives.
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Ruh roh. Related: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 a
the diamond is fab but is this really necessary? we need to focus on real issues! also, why do diamonds cost so much when they're just old rocks?
Get a lab grown diamond. Seriously - hey look great, undercut the cartels and are physically basically the same by any reasonable measure.
Diamond threads are forever!Natural Diamonds Had a Rough Year - https://news.ycombinator.com/item?id=42592424 - Jan 2025 (6 comments)See how a lab-grown diamond is made - https://news.ycombinator.com/item?id=42257245 - Nov 2024 (49 comments)Synthetic diamonds are now purer, more beautiful, and
Buy a synthetic diamond instead. De Beers is the worst, they artificially limit supply and spread misinformation about synthetic diamonds to protect their interests.
I would say that diamonds as jewellry is a bad idea in general; it is artificially scarce, can be developed in a lab in a more perfect way (in fact, "too perfect" is how jewellers know a diamond has been created artificially) and doesn't shimmer as much as other stones.I would instead look at Moissanite[0]; looks better, holds it's value a little bit better although debeers has killed a second hand market for this kind of jewellry..[0]: <a href="https://en.wik
Wow, absolutely brilliant. I can't believe this article popped up on HN's front page tonight. I just got back from looking at engagement rings with my girlfriend.I've known about this monopoly for a while, and so has she. Heck, one of the first movies we watched together when we first started dating 7 years ago was Blood Diamond. Here's the conversation we had while in the jewellery store tonight.Me: "Sweety, I really don't want to buy you a diamond. I really would rather buy you something
I'd like to introduce you to an entire field of endeavor called "marketing". Non-industrial diamonds don't provide value, yet people are regularly buying them for ridiculous sums[1].[1] https://www.theatlantic.com/international/archive/2015/02/ho...<
You could just buy used diamonds
The same reason diamonds are expensive?