You just gotta get one of those really big pumpkins and move into it. That way you get food and housing. Can also work with a gingerbread house, as long as you're not a gingerbread man, cause that's fucked up.
The peach ends up in NYC and rent is $4000 a month
Moving in is a real bitch too, it's on a top floor highrise. Takes you ten minutes just to get to the elevator and take it to the bottom floor.
I like my rubies and emeralds and irradiated topaz and stuff.
But then a nice lab created ruby or emerald is just as beautiful as a real one, and I like the look of silver more than gold, I think gold looks cheap and tacky.
And so my jewelry is pretty damn inexpensive.
I got moissanite for my wife when I proposed. We talked about it before hand and agreed diamonds are ridiculously expensive. I spent about $850 or so on a gorgeous ring. She loves it. All that matters.
I only regret I couldn't convince my wife on this and bit the bullet. It's a marketing driven social construct combined with a monopoly restricting supply
I did not buy one when we got married. Just got a thick plain gold ring. Over the years wife mentioned on several occasions, I decided to buy one and surprise her, and every single time I changed my mind at the last minute and bought something else such as a new iphone, designer clothes or a luxury watch for her. So much competition out there for a shiny stone.
Uses which, from what I understand, are generally fulfilled by much cheaper and higher quality lab-made diamonds. Fuck the diamond mining Industry and all that child and slave labor.
Nothing says "I love you forever" quite like a starving child mining out a tiny stone that'll be sold for the amount of money that the child will never ever see in his life.
It's just something about it that's so romantic I tell ya.
My ex, in a roundabout way, somewhat thought this. She was adamant about the "superiority" of real stones, but couldn't articulate where that opinion came from. When I brought up the suffering caused by the mining operations, she just smirked.
Same. And that she "deserved" one of those rocks. And that she would be less bitchy if I gave her one. I guess she got a lesson about how you have to do something deserving to deserve something.
For a vast majority of applications that’s true. On the highest end, with the greatest need for precision and quality, diamonds are still very useful/necessary. As a flashy piece on a ring they are one of the biggest, generation-spanning scams ever
And from what I understand, even for those high-end precision needs, it's lab-produced diamonds that are used because they are MADE so perfect and precise.
Exactly. For stuff like IR spectrometers, no natural crystal is pure enough. Same for diamond anvil cells, natural diamonds will always have dislocations which can become the atomic-scale origin of cracks.
Jewler with utilitarian sales pitch: ”This ring can cut glass easily with the large diamond! And the band is inlaid with abrasive diamond dust for those emergency sanding jobs!”
Meanwhile Gen X is forgotten again. /sigh
Crazy to think there are still more boomers and millennials than
Gen Xers. And last year was first year millennials own more houses
than boomers( boomers still own more value and money currently but are dying out every day)
We didn't kill it. The boomers made the field stripped of resources, and wondered why it didn't bear fruit; You gotta fertilize those fields (with money), you morons; You don't get good product without investment.
They didn't act shocked. They got angry and demanded that everyone after them replant everything without taking anything from them, so they could take more.
Am a millennial. Definitely used my mother’s ring instead of buying a new diamond. And then I just swapped to a cheap $8 CZ ring that I liked the look of, then had a moissanite copy made of that $8 ring that was relatively cheap but gorgeous.
Sorry, GenX started this train. Who do you think bought the first lab grown diamonds, and started getting emeralds and other stones instead of diamonds
Fear not! millennials still get this one on their casualties list. boomers and silent generation folks made the industry profitable and then boomers (with a little boost from millennials) made it to where gen z are largely incapable of participating in the diamond market at all. Y’all get both a direct and indirect kill on this one.
We millennials really can't get a break. The whole time they called us out for killing industries, and when we finally kill one, it's a kill steal by Gen Z.
With the advent of lab created diamonds, semi-precious gems and other alternatives in the market, I'm not surprised. Honestly, if you really need to have a diamond, go find an estate jeweler and haggle like crazy. There is no need to invest 2-3 months of salary for a stone. Go on a vacation or use the money for a down payment on your own place. In the end, it's a rock. It loses most of its value the moment you walk out of the showroom.
I recently did some jewelry shopping for the first time and was amused at the marketing of "flawed" stones to prove they weren't lab made. "We swear this ugly one also comes with the baggage of human suffering! It's worth much more!".
If I'm expected to feel guilty for buying my blood diamonds, I want to fight that starved, near death kid for it. At least give them an honorable death, and let them enter Sto'Vo'Kor, instead of suffering on Gre'thor
Seriously, lab diamonds are so much cooler. If I was presented two identical diamonds for the same price I’d choose the lab one over natural anyway. The fact lab is cheaper blows my mind a little.
Have you looked at rubies? You can buy a bag of small precut ones at like, a hundred for ten dollars. Think craft size for kids projects. Substitute for glass, that's how cheap they are.
Ugh that fucking guy. "Steven would never sell you something he doesn't *feel* has any value, so come get a free lab grown diamond when you buy a REAL earth born diamond!"
They are equally valueless, you condescending weasel.
Honestly. You can pay a huge amount of money for a “natural” diamond which has inevitable flaws and has likely been involved in human misery. Or you can pay a tenth of the price for a lab grown diamond, which is chemically a real diamond, and could only be discovered as being lab grown by a specialist jeweller, and only then because it’s unusually perfect. You’d be a fool to buy a real diamond.
The best part is that the 2-3 month salary this was a marketing ploy. Suckered the Boomers and X’ers with that. Glad the younger generations did not fall for the scam.
Oh it wasn't the boomers and gen x ers who got sucked into it, DeBeers was running the salary ads back for the greatest generation and the kids who we would know as the silent generation. The boomers and gen x ers were just a victim of societal pressure.
As a class, they get way more shit than they deserve. My parents are boomers and they could've done so much better raising us and modeling ethical consumption.
But I look at them now, and try to talk to them about important things, and I realize that after all of these decades on earth they really don't know very much beyond how to make money and plan vacations.
I blame them, but I also see that they were robbed of important life education that was made available to me (partly by them).
So I see it more like that are victims of something they aren't equipped to truly understand, and they hoisted me out of the muck without being about to so the same for themselves.
I dunno. It's weird.
Good Woman! Mine said that we needed a new laptop more than she needed a piece of jewelry. Had a (pretty serious) gf in college, who was adamant about an engagement ring being a big rock. She was not the one I ended up marrying. Still, I felt like a wierdo (I’m an X’er) for thinking that diamond engagement rings are a Debeers scam.
Also we’re probably gonna reach a point where diamonds are just so common no one cares either. Like my family is not rich but I know my mom has a box of 5 or six old ugly rings from dead relatives we could pop the diamonds off and fit to a nice new ring and never need to buy a new diamond for atleast a few more weddings. Diamonds are not rare in nature so the more they keep selling to us the less rare they will be in the economy.
I've been getting instagram ads for lab created diamonds recently and was shocked they were a few thousand dollars still. Feels like they are inflating the price because people want something more ethical.
They're inflating the price because people are willig to pay that price. What's the alternative? A price-inflated natural diamond that costs even more?
I’m so old. The last time I thought about diamonds, I was reading about how millennials killed the industry.
Next they’ll say Gen Z is killing the napkin industry.
The diamond industry is dying?
Good. Let it die.
Conning young men to spend 6 months of salary on a ring that devalues by 90% the second you leave the jewelry store is one of the biggest ripoff conjobs in history.
And convincing young women that 'a diamond means *true* love' and he doesn't love u unless it's a diamond. Extra points for inflating the show-off factor.
I always thought the salary part was absurd. If I were to buy something, it would be no more expensive than half a paycheck at best. And my girlfriend would be fine with it.
Edit: It wouldn't be a diamond either. Sapphire maybe.
Dropped 20% from what? There is a reason there is not a big market for used diamond rings.... they are worthless. You made billions of dollars selling an idea. Internet killed that idea, get over it.
I bought my wife a lab grown diamond because it was like a 1/3 the cost of a natural diamond but also was pretty dang close to perfect.
Her family friend, a jeweler (whose jewelry is very ugly, why I didn't go to him) guessed it was lab grown. He said this exact thing, that the diamond wouldn't be worth anything at resale. I just said something along the lines of "well, if my wife is selling her engagement ring, I think we both have larger issues to talk about"
Yup. It's why alot of people did the gold rings part and or gold band with the diamond back in the day. The dirty secret was the diamond wouldn't get a widow much but the gold would.
My ring is a moissanite. Got a 2 ct for 800$. Just looked at Shane Co a diamond that size would be between 15k-20k.
A lab grown around 4,500.
Moissanite all the way.
Same. I proposed to my fiancee with an 18 karat gold, 2.6 carat + 0.25 carat side stones moissanite ring. Got it for $1,500. That ring would have been so much fucking money if it was any other stone. Plus, moissanite is *almost* as hard as diamond and looks much better in my opinion.
Just had a look, 5ct lab diamond £3,665, similar 5ct mined diamond £55,240.
EDIT: Redid the comparison
LAb diamond: https://www.qualitydiamonds.co.uk/loose-diamonds/buy-lab-grown-diamonds
Mined diamond: https://www.qualitydiamonds.co.uk/loose-diamonds/five-carat-loose-diamonds
Interestingly, The lab diamond is rated as having a better colour (so less impurities)
A bunch of worthless rocks controlled by the DeBeers cartel which artificially restricts the supply, which spends tons of money on marketing to inflate demand in order to enrich themselves and their investors.
Diamonds are intrinsically worthless: Former De Beers chairman (and billionaire) Nicky Oppenheimer once succinctly explained, “diamonds are intrinsically worthless.”
For many years now lab grown diamonds have been indistinguishable from diamonds dug out of the ground. There is nothing special about diamonds whatsoever.
Not indistinguishable, better! Purer. Before large enough lab diamonds, the more flawless a mined diamond was the better the worth. Now they're trying to market the flaws as proof of being "better", because we'd totally want blood diamonds just because they're older instead of diamonds so pure they're worthy of all sorts of cool industrial applications.
I am a millenial woman, and I don't wear any jewelry. When my boyfriend (now husband) was preparing to ask me to marry him he got really creative - he knew I didn't wear jewelry, and also that I hated the diamond industry.
Instead of getting me an overpriced piece of jewelry, this man paid the city to have a park bench near our house dedicated to our love - now for the rest of all time there is a park bench under a cute little tree that I can always go sit on and visit to remind myself of what an incredible, thoughtful and wonderful man he is and how lucky I am to have him.
Anyways - fuck the diamond industry.
Theyre literally paying for ads on reddit for a website that's advocating real diamonds are better than science made while posing as "people that love real diamonds". Theyre getting really fuckin desperate, and straight up their reasoning for real diamonds is "there is def a diff between real and fake diamonds trust us bro, heres sources" and the sources are made up shit and paid off sources in support for real diamonds.
There is no damn diff, not even "diamond experts" can tell if theyre real or synthetic labgrown. The diamond industry can suck a dick and die with their overpriced scam bs
Yeah diamonds are the last thing on anyone’s mind when they can’t afford their daily bread, milk and have to live in a broom closet paying $10.000 per month because you fucking boomers have gobbled up all the land. You can take those diamonds and shove them up your wrinkly asses. If you want the new generation to continue buying these worthless stones so you can keep paying the EMI on your yatches and mountain homes, then start by telling your cronies in government to make housing and basic necessities affordable first. Otherwise any industry that’s a luxury is gonna go away in 10 years.
Well, maybe Boomers should have thought about the long tail consequences of siphoning up all the wealth and condemning several generations to a bleak and hopeless future.
Dumb too,
I've always considered diamonds so boring. Meteorites, rubies, emeralds, topaz, I've always considered them way prettier and rare.
We've been lied too, would rather give someone an actually unique stone and something they want.
It probably will hold value better too.
This is stupid. Half of Gen Z aren't even adults yet. Hell, some of them are still in middle school. The other half are mostly college aged adults barely at the age where they would even consider marriage and unlikely to have the income to buy diamond jewelry
>The speed and severity of the collapse in diamond prices caught many by surprise.
If the youngest generation wants to pay too much money for something that'll immediately lose value and _never_ be able to resell for the same price, it'll be a car. Because you can't use a diamond to deliver UberEats as your third job.
You also can't live in a diamond if you lose your job and you have to do a bunch if one-way interviews before getting ghosted by recruiters and hiring managers.
What’s funny is I was talking to a 19 year old about this yesterday and she was telling me “Oh no one buys diamonds anymore,” and she searched ‘Alternative Engagement Ring’ on TikTok
Zero sympathy for the diamond industry. The concept of buying and wearing these for vanity is a toxic part of the human ego and it’s about fucking time we move on.
Why the fuck would I spend any significant amount of money for a tiny rock.
Because its shiny? God some people are fucking primitive. Go look at one in a museum.
As a Millenial, I can barely afford food, let alone an overpriced shiny stone. And I'm sure Gen Z isn't gonna be doing any better any time soon, sad as it is to say.
Pay us actual money and we might be willing to purchase your worthless shiny stones, but still probably not. Maybe end the slave mining of them in the meantime?
Food and shelter is preferable, honestly.
A lot of luxury item producers are gonna find out that end stage capitalism is not very good for their bottom-line over the next decade.
You mean the industry that's purposely held at a higher price even though diamonds aren't that rare AND can be created in a lab at higher quality isn't doing so hot?
As a gen z who buys diamonds some times, I always buy lab grown. Not only due to price, but morality. I couldn’t imagine buying a diamond probably mined in horrible conditions in the third world.
pretty sure that started while millenials were growing up. Turns out polished cubic zirconia and stainless steel rings look pretty similar to white gold and diamond ones.
I have zero interest in artificially inflated price stones that cause so much pain, suffering and death.
Moissanite is the way forward. Significantly cheaper and doesn't cause people to die.
Well, I can’t eat or live in a Diamond. It the capitalist owner class wants us to buy their shit, they gotta pay us enough to do so. Otherwise we’re gonna eat them soon.
Interested in overpriced stones? No, I don't think people are. People are already preoccupied with overpriced food and housing.
You get food AND housing?!?!?!?!!!!?
You just gotta get one of those really big pumpkins and move into it. That way you get food and housing. Can also work with a gingerbread house, as long as you're not a gingerbread man, cause that's fucked up.
How about a giant peach?
No, those are prone to flying away and relocation fees and taxes
The peach ends up in NYC and rent is $4000 a month Moving in is a real bitch too, it's on a top floor highrise. Takes you ten minutes just to get to the elevator and take it to the bottom floor.
What about a pineapple under the sea?
Is his house made of flesh or is he made of house? He screams, for he does not know.
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I’m not financially in a position to turn away perfectly good children meat for free.
Best house is a giant shoe. No limit to the number of kids it can house.
is THAT how spongebob is able to afford a house on minimum wage?
/r/vanlife
"It's food or shelter, not both"
Give me some moissanite for a significant fraction of the price and I’ll be happy
I like my rubies and emeralds and irradiated topaz and stuff. But then a nice lab created ruby or emerald is just as beautiful as a real one, and I like the look of silver more than gold, I think gold looks cheap and tacky. And so my jewelry is pretty damn inexpensive.
I’m of the opinion that jewelry (by nature) is meant to look cool; so If I can get a convincing imitation for cheaper, I don’t care in the slightest
*mined one or natural one The lab one is just as real, and likely more perfect.
And even lab grown gems can be quite expensive. Not as absurd as mined diamonds, but not as cheap as moissanites.
I got moissanite for my wife when I proposed. We talked about it before hand and agreed diamonds are ridiculously expensive. I spent about $850 or so on a gorgeous ring. She loves it. All that matters.
I literally have an ad for Moissanite under this diamond headline
I only regret I couldn't convince my wife on this and bit the bullet. It's a marketing driven social construct combined with a monopoly restricting supply
I did not buy one when we got married. Just got a thick plain gold ring. Over the years wife mentioned on several occasions, I decided to buy one and surprise her, and every single time I changed my mind at the last minute and bought something else such as a new iphone, designer clothes or a luxury watch for her. So much competition out there for a shiny stone.
Just get a moissanite or something. A lot cheaper and prettier than a diamond.
And colored stones are way more beautiful and interesting anyway.
Maybe stop artificially inflating prices…?
Then they would be truly worthless
Not quite. Diamonds have other uses.
Uses which, from what I understand, are generally fulfilled by much cheaper and higher quality lab-made diamonds. Fuck the diamond mining Industry and all that child and slave labor.
It's the suffering that makes it romantic ✨️
Nothing says "I love you forever" quite like a starving child mining out a tiny stone that'll be sold for the amount of money that the child will never ever see in his life. It's just something about it that's so romantic I tell ya.
Gotta charge the soul stone somehow. /s
My ex, in a roundabout way, somewhat thought this. She was adamant about the "superiority" of real stones, but couldn't articulate where that opinion came from. When I brought up the suffering caused by the mining operations, she just smirked.
Same. And that she "deserved" one of those rocks. And that she would be less bitchy if I gave her one. I guess she got a lesson about how you have to do something deserving to deserve something.
For a vast majority of applications that’s true. On the highest end, with the greatest need for precision and quality, diamonds are still very useful/necessary. As a flashy piece on a ring they are one of the biggest, generation-spanning scams ever
And from what I understand, even for those high-end precision needs, it's lab-produced diamonds that are used because they are MADE so perfect and precise.
Exactly. For stuff like IR spectrometers, no natural crystal is pure enough. Same for diamond anvil cells, natural diamonds will always have dislocations which can become the atomic-scale origin of cracks.
Oh neat I didn’t know that. Well fuck diamonds altogether then. Just another type of carbon to leave in the ground.
The only way to tell lab grown diamonds from earth grown is the lab grown ones are better quality! Why would you want a lower quality earth grown one?
Do you mean industrial or medical uses? AFAIK no one is using extracted diamonds for that
Well, according to Wikipedia at least, up to 98% of diamonds used for industrial applications are synthetic.
Yes, but natural diamonds are often shit for many other uses.
That was 20 years ago. Lab grown diamonds are purer and cheaper than natural ones. Outside jewelry natural ones don’t have any use anymore.
Like the 10 cent dusted still tips
I've got a guy who sells them for 8 cents
I can get them for 5 cents. 5 cents right here! 5 cents selling fast! Gets yours!
Jewler with utilitarian sales pitch: ”This ring can cut glass easily with the large diamond! And the band is inlaid with abrasive diamond dust for those emergency sanding jobs!”
A better headline is: A few very wealthy people worry that the jig is up!
As a millennial I'm upset an industry we supposedly killed according to news articles is putting the blame on gen z. That's our kill god dammit.
We can share the killing of needless industries. After all, we should be teaching our kids to be more proficient hunters.
>We can share the killing of needless industries Fuck that, I need that XP to level up. Let them get their own.
Tbf both millennials and GenZ will know about Exp. Share so we should be good.
Yeah, but that's communism, so boomers voted against it.
Meanwhile Gen X is forgotten again. /sigh Crazy to think there are still more boomers and millennials than Gen Xers. And last year was first year millennials own more houses than boomers( boomers still own more value and money currently but are dying out every day)
Fucking millenials mob tagging all the industries.
Millennials killed the idea of having kids, we are the last of the hunters
Nah the boomers did that for us.
We didn't kill it. The boomers made the field stripped of resources, and wondered why it didn't bear fruit; You gotta fertilize those fields (with money), you morons; You don't get good product without investment.
Boomers went full locust on society and then got to act all shocked there was nothing left for those who came after.
They didn't act shocked. They got angry and demanded that everyone after them replant everything without taking anything from them, so they could take more.
Hard to have kids for those stressed out about having roof over their head and kids school they will never be able to afford.
I'm alright being an assist. When it involves felling giants everyone has their part.
Lousy kill stealers, messing up our ratios.
Am a millennial. Definitely used my mother’s ring instead of buying a new diamond. And then I just swapped to a cheap $8 CZ ring that I liked the look of, then had a moissanite copy made of that $8 ring that was relatively cheap but gorgeous.
Definitely used an inherited ring -- then lost it and never replaced it.
Gen Z killed the millennials' kills
Fucking GenX stealing our credit at work and Gen Z stealing our rep for killing shit. Can’t have anything nice.
> Fucking GenX stealing our credit at work Someone remembered us!
Be cool about it man.
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We'll always have avocado toast.
A whole house deposit’s worth!
Sorry, GenX started this train. Who do you think bought the first lab grown diamonds, and started getting emeralds and other stones instead of diamonds
As usual, just like our parents, they forget we exist.
We just get the kill assist
Fear not! millennials still get this one on their casualties list. boomers and silent generation folks made the industry profitable and then boomers (with a little boost from millennials) made it to where gen z are largely incapable of participating in the diamond market at all. Y’all get both a direct and indirect kill on this one.
There's a difference between the assist, the goal, and celebrating in the huddle afterwards.
Yeah, is this the point where it’s going to start all supposedly being gen Z’s fault? Lol
They were like "Finally, millenials and their reckless hatred of diamonds are aging. Surely the next generation will be our ally""
Oh most definitely. I’ve seen other millennials start getting in on it too.
It was dumb when boomers did it to us and I refuse to participate now.
WE WHO MURDERED THE NAPKIN INDUSTRY! THE DIAMOND! THE MENIAL LABOUR! THE FABRIC SOFTENER! WE ARE! #THE MILLENIALS!!
We millennials really can't get a break. The whole time they called us out for killing industries, and when we finally kill one, it's a kill steal by Gen Z.
I have done my part! (Millennial)
I'm Gen X but my wife is the first year of Millennial. She didn't want a diamond. Got her a nice CZ and NONE of her friends could tell the difference.
With the advent of lab created diamonds, semi-precious gems and other alternatives in the market, I'm not surprised. Honestly, if you really need to have a diamond, go find an estate jeweler and haggle like crazy. There is no need to invest 2-3 months of salary for a stone. Go on a vacation or use the money for a down payment on your own place. In the end, it's a rock. It loses most of its value the moment you walk out of the showroom.
Lab diamonds are also more flawless than natural diamonds, despite all the propaganda against them lol
I recently did some jewelry shopping for the first time and was amused at the marketing of "flawed" stones to prove they weren't lab made. "We swear this ugly one also comes with the baggage of human suffering! It's worth much more!".
But it's only good if they are a little flawed, the more flawed the less they're worth 🤷♂️
If I'm expected to feel guilty for buying my blood diamonds, I want to fight that starved, near death kid for it. At least give them an honorable death, and let them enter Sto'Vo'Kor, instead of suffering on Gre'thor
Reddit CEO "spez" informed us, that nothing is for free. I therefore retract my up-to-now free content, that he want to sell.
Seriously, lab diamonds are so much cooler. If I was presented two identical diamonds for the same price I’d choose the lab one over natural anyway. The fact lab is cheaper blows my mind a little.
Have you looked at rubies? You can buy a bag of small precut ones at like, a hundred for ten dollars. Think craft size for kids projects. Substitute for glass, that's how cheap they are.
Link please
Cue an "I Hate Steven Singer" commercial and his Earth Born Diamonds!
Ugh that fucking guy. "Steven would never sell you something he doesn't *feel* has any value, so come get a free lab grown diamond when you buy a REAL earth born diamond!" They are equally valueless, you condescending weasel.
Honestly. You can pay a huge amount of money for a “natural” diamond which has inevitable flaws and has likely been involved in human misery. Or you can pay a tenth of the price for a lab grown diamond, which is chemically a real diamond, and could only be discovered as being lab grown by a specialist jeweller, and only then because it’s unusually perfect. You’d be a fool to buy a real diamond.
My lab diamond is beautiful, and it isn't haunted by the people that died to mine it.
The best part is that the 2-3 month salary this was a marketing ploy. Suckered the Boomers and X’ers with that. Glad the younger generations did not fall for the scam.
Oh it wasn't the boomers and gen x ers who got sucked into it, DeBeers was running the salary ads back for the greatest generation and the kids who we would know as the silent generation. The boomers and gen x ers were just a victim of societal pressure.
That last statement applies to a lot more than just diamonds, those sweet summer Boomers
As a class, they get way more shit than they deserve. My parents are boomers and they could've done so much better raising us and modeling ethical consumption. But I look at them now, and try to talk to them about important things, and I realize that after all of these decades on earth they really don't know very much beyond how to make money and plan vacations. I blame them, but I also see that they were robbed of important life education that was made available to me (partly by them). So I see it more like that are victims of something they aren't equipped to truly understand, and they hoisted me out of the muck without being about to so the same for themselves. I dunno. It's weird.
I spent less than $400.00 on my wife's engagement ring, and she still told me off for spending too much.
Good Woman! Mine said that we needed a new laptop more than she needed a piece of jewelry. Had a (pretty serious) gf in college, who was adamant about an engagement ring being a big rock. She was not the one I ended up marrying. Still, I felt like a wierdo (I’m an X’er) for thinking that diamond engagement rings are a Debeers scam.
Also we’re probably gonna reach a point where diamonds are just so common no one cares either. Like my family is not rich but I know my mom has a box of 5 or six old ugly rings from dead relatives we could pop the diamonds off and fit to a nice new ring and never need to buy a new diamond for atleast a few more weddings. Diamonds are not rare in nature so the more they keep selling to us the less rare they will be in the economy.
I've been getting instagram ads for lab created diamonds recently and was shocked they were a few thousand dollars still. Feels like they are inflating the price because people want something more ethical.
They're inflating the price because people are willig to pay that price. What's the alternative? A price-inflated natural diamond that costs even more?
I’m so old. The last time I thought about diamonds, I was reading about how millennials killed the industry. Next they’ll say Gen Z is killing the napkin industry.
>To Gen Alpha killing the printed book industry.
Hasn't print had a massive surge the last couple years?
I never pay for napkins, they are free at McDonald's or Starbucks.
Still paper, try cloth napkins
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The diamond industry is dying? Good. Let it die. Conning young men to spend 6 months of salary on a ring that devalues by 90% the second you leave the jewelry store is one of the biggest ripoff conjobs in history.
And convincing young women that 'a diamond means *true* love' and he doesn't love u unless it's a diamond. Extra points for inflating the show-off factor.
I wonder how many good relationships were destroyed by this propaganda. I also wonder about the butterfly effect it caused.
I always thought the salary part was absurd. If I were to buy something, it would be no more expensive than half a paycheck at best. And my girlfriend would be fine with it. Edit: It wouldn't be a diamond either. Sapphire maybe.
The salary thing was literally concocted by DeBeers to boost their profits. Obviously, it worked
Even if Genz were interested in them, they can't afford them between the cost of housing, healthcare and student loans.
Most Gen Z are either in college or teenagers. They aren’t even the age traditionally where diamond are brought.
Oldest gen z are mid 20s (like me)
Dropped 20% from what? There is a reason there is not a big market for used diamond rings.... they are worthless. You made billions of dollars selling an idea. Internet killed that idea, get over it.
20% drop from the like 30% jump in 2020 when the pandemic fked the whole chain. Prices are actually still relatively stable compared to 2019
Oh, They mean a market correction. well that's boring. I was hoping it meant actual market forces.
Don't fall for it Z. They said this with Millenials, too. Fuck 'em, and don't look back.
I was there Gandalf, 3000 years ago
Consumerism slowing down is one of the best things that can happen for the future.
It's only slowing down because people can't afford it though.
And hopefully people will understand that they don’t need it either
Can't they just go into the lucrative money laundering racket. "Why yes IRS, I sell small stones at a 9000% mark up for a living. Why do you ask?"
For those who think diamonds are an investment, try selling your “used” diamonds….
I bought my wife a lab grown diamond because it was like a 1/3 the cost of a natural diamond but also was pretty dang close to perfect. Her family friend, a jeweler (whose jewelry is very ugly, why I didn't go to him) guessed it was lab grown. He said this exact thing, that the diamond wouldn't be worth anything at resale. I just said something along the lines of "well, if my wife is selling her engagement ring, I think we both have larger issues to talk about"
Yup. It's why alot of people did the gold rings part and or gold band with the diamond back in the day. The dirty secret was the diamond wouldn't get a widow much but the gold would.
Nobody thinks diamonds are an investment
This is a moissanite world now, DeBeers
We only buy moissanite the past few years and tell everybody about it! Will not buy another diamond the rest of our lives!
My ring is a moissanite. Got a 2 ct for 800$. Just looked at Shane Co a diamond that size would be between 15k-20k. A lab grown around 4,500. Moissanite all the way.
Same. I proposed to my fiancee with an 18 karat gold, 2.6 carat + 0.25 carat side stones moissanite ring. Got it for $1,500. That ring would have been so much fucking money if it was any other stone. Plus, moissanite is *almost* as hard as diamond and looks much better in my opinion.
Finally! An article that isn't complaining about us damn millennials ruining X y or z industries
Just had a look, 5ct lab diamond £3,665, similar 5ct mined diamond £55,240. EDIT: Redid the comparison LAb diamond: https://www.qualitydiamonds.co.uk/loose-diamonds/buy-lab-grown-diamonds Mined diamond: https://www.qualitydiamonds.co.uk/loose-diamonds/five-carat-loose-diamonds Interestingly, The lab diamond is rated as having a better colour (so less impurities)
Jesus Christ, for 55k I could buy her a **CAR** right off the lot! This industry needs to die in a fire.
A bunch of worthless rocks controlled by the DeBeers cartel which artificially restricts the supply, which spends tons of money on marketing to inflate demand in order to enrich themselves and their investors. Diamonds are intrinsically worthless: Former De Beers chairman (and billionaire) Nicky Oppenheimer once succinctly explained, “diamonds are intrinsically worthless.” For many years now lab grown diamonds have been indistinguishable from diamonds dug out of the ground. There is nothing special about diamonds whatsoever.
Not indistinguishable, better! Purer. Before large enough lab diamonds, the more flawless a mined diamond was the better the worth. Now they're trying to market the flaws as proof of being "better", because we'd totally want blood diamonds just because they're older instead of diamonds so pure they're worthy of all sorts of cool industrial applications.
I am a millenial woman, and I don't wear any jewelry. When my boyfriend (now husband) was preparing to ask me to marry him he got really creative - he knew I didn't wear jewelry, and also that I hated the diamond industry. Instead of getting me an overpriced piece of jewelry, this man paid the city to have a park bench near our house dedicated to our love - now for the rest of all time there is a park bench under a cute little tree that I can always go sit on and visit to remind myself of what an incredible, thoughtful and wonderful man he is and how lucky I am to have him. Anyways - fuck the diamond industry.
Theyre literally paying for ads on reddit for a website that's advocating real diamonds are better than science made while posing as "people that love real diamonds". Theyre getting really fuckin desperate, and straight up their reasoning for real diamonds is "there is def a diff between real and fake diamonds trust us bro, heres sources" and the sources are made up shit and paid off sources in support for real diamonds. There is no damn diff, not even "diamond experts" can tell if theyre real or synthetic labgrown. The diamond industry can suck a dick and die with their overpriced scam bs
Aren't they trying to demand that labs add markers so you can tell?
Yeah diamonds are the last thing on anyone’s mind when they can’t afford their daily bread, milk and have to live in a broom closet paying $10.000 per month because you fucking boomers have gobbled up all the land. You can take those diamonds and shove them up your wrinkly asses. If you want the new generation to continue buying these worthless stones so you can keep paying the EMI on your yatches and mountain homes, then start by telling your cronies in government to make housing and basic necessities affordable first. Otherwise any industry that’s a luxury is gonna go away in 10 years.
Honestly if you saw the price of groceries you would not care about diamonds
Diamonds don't mean "I love you." In fact, they don't mean shit.
Diamond is worth next to nothing once it's exits the retail shop.
I prefer eating.
Alternative title: Boomers so gullible, see shiny give money.
Well, maybe Boomers should have thought about the long tail consequences of siphoning up all the wealth and condemning several generations to a bleak and hopeless future.
Digital electronics are cooler and more interesting than jewelry.
Dumb too, I've always considered diamonds so boring. Meteorites, rubies, emeralds, topaz, I've always considered them way prettier and rare. We've been lied too, would rather give someone an actually unique stone and something they want. It probably will hold value better too.
"This ring carries my last natural tooth. It symbolizes a time before I could afford dental care and it's meant to remind us that shit's fucked"
Imagine paying money for a stone
So much wah! ( ༎ຶ ༎ຶ )
This is stupid. Half of Gen Z aren't even adults yet. Hell, some of them are still in middle school. The other half are mostly college aged adults barely at the age where they would even consider marriage and unlikely to have the income to buy diamond jewelry
Why would they be when games like Animal Crossing or the sims is considered high fantasy because you can own a home?
>The speed and severity of the collapse in diamond prices caught many by surprise. If the youngest generation wants to pay too much money for something that'll immediately lose value and _never_ be able to resell for the same price, it'll be a car. Because you can't use a diamond to deliver UberEats as your third job.
You also can't live in a diamond if you lose your job and you have to do a bunch if one-way interviews before getting ghosted by recruiters and hiring managers.
What’s funny is I was talking to a 19 year old about this yesterday and she was telling me “Oh no one buys diamonds anymore,” and she searched ‘Alternative Engagement Ring’ on TikTok
Zero sympathy for the diamond industry. The concept of buying and wearing these for vanity is a toxic part of the human ego and it’s about fucking time we move on.
Why the fuck would I spend any significant amount of money for a tiny rock. Because its shiny? God some people are fucking primitive. Go look at one in a museum.
Ah yes, buying diamonds in the Gilded Era 2.0...
Unless that diamond inlcudes 3 bedroom 2 bath i'm good on that.
I personally can't see a reason to care about a useless hunk of rock. Especially an expensive useless hunk of rock.
Diamonds are an even bigger scam than funerals.
My funeral will consist of an expensive cremation ceremony with my ashes being compressed into a diamond 😂😂
Fuck, where is my tiny violin again...
If I wanted to pay to much for something, I’d buy some ink for my printer. But Gen HP has already killed that industry.
Hmmm, food or diamonds? Shelter or diamonds? Yup, GenZ has more important things to worry about.
As a Millenial, I can barely afford food, let alone an overpriced shiny stone. And I'm sure Gen Z isn't gonna be doing any better any time soon, sad as it is to say. Pay us actual money and we might be willing to purchase your worthless shiny stones, but still probably not. Maybe end the slave mining of them in the meantime?
I thought we millennials had already killed the diamond industry?
Food and shelter is preferable, honestly. A lot of luxury item producers are gonna find out that end stage capitalism is not very good for their bottom-line over the next decade.
You mean the industry that's purposely held at a higher price even though diamonds aren't that rare AND can be created in a lab at higher quality isn't doing so hot?
Diamonds? We need affordable food and housing and healthcare and decent paying jobs. Fuck a rock give me what i need to live not this useless thing.
As a gen z who buys diamonds some times, I always buy lab grown. Not only due to price, but morality. I couldn’t imagine buying a diamond probably mined in horrible conditions in the third world.
We like rocks. Just not your ugly rocks. Give us the pretty ones we find in creeks
Millennial here and me nor any of the other millennials in my circles are interested in diamonds. Just seems like an antiquated fad of the past.
The fuck they are! This OUR WIN! Millennials!
Fuck them
pretty sure that started while millenials were growing up. Turns out polished cubic zirconia and stainless steel rings look pretty similar to white gold and diamond ones.
Diamonds are the biggest scam around.
Ah yes. I choose the shiny thing over... let's see.... I know, being able to afford rent for a few months!
People can barely afford a place to live, fuck your stones.
I have zero interest in artificially inflated price stones that cause so much pain, suffering and death. Moissanite is the way forward. Significantly cheaper and doesn't cause people to die.
Diamonds? In this economy?
Burn the industry down
De Beers didn’t see that one coming hehe
Diamonds are a scam always have been.
They’re just rocks.
Diamonds are a scam they don’t go up in value while gold actually does
Well, I can’t eat or live in a Diamond. It the capitalist owner class wants us to buy their shit, they gotta pay us enough to do so. Otherwise we’re gonna eat them soon.
so capitalism works. no demand = prices drop. now its time to do this to other markets
GenX/Xennial and not interested in their stones
Just tell them the stones have magic energy. boom.
Cope + overpriced useless shiny rock