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[/.] DeBeers shits itself, film at 11. - Adventures in Engineering — LiveJournal
The wanderings of a modern ronin.

Ben Cantrick
  Date: 2006-10-26 19:22
  Subject:   [/.] DeBeers shits itself, film at 11.

Adia Diamonds (among others) is offering to the public completely lab-made, but even more flawless than mined, real diamonds. These diamonds weren't made by environment trashing strip-mining, or the exploitation of poor Africans. And since they were made in a lab, they're guaranteed not to have been "conflict diamonds", often used to finance civil wars and terrorism in the third world. And did I mention that you can get them for a fraction of the cost of a mined diamond, even though they're bigger and have fewer flaws?

It's going to be very interesting to see how the major diamond cartel, DeBeers, tries to tackle this one. They have a long history of media manipulation and market monopoly maintenance. We'll see if people are stupid enough to swallow the DeBeers marketing and continue paying way more money for diamonds that are smaller, have more flaws, and don't let you select exactly the color that you want...
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Ben Cantrick
  User: mackys
  Date: 2006-10-26 22:15 (UTC)
  Subject:   (no subject)
Part of the attraction of a diamond is how much it costs; the traditional man-gives-woman-diamond demonstrates he's willing to spend lots of money on her. If it's diamond-a-dozen, suitors will have to find another "Look how rich I am" present. Like a live Panda or something.

I totally agree, but just try telling that to a woman. Half of them will act all shocked and indignant and shit: "You can't BUY my love!" Diamonds will stick around as a romantic status symbol for at least another decade due to this kind of emotional inertia.
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May 2015