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Powderhorn ( Powderhorn@beehaw.org )  to World NewsEnglish · 2 years ago

Diamonds lose their sparkle as prices come crashing down

www.theguardian.com

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Diamonds lose their sparkle as prices come crashing down

www.theguardian.com

Powderhorn ( Powderhorn@beehaw.org )  to World NewsEnglish · 2 years ago
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Lab-grown rocks and fewer weddings have put a huge damper on the market. On the bright side, a big dazzler is now affordable for many
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  • ErsatzCoalButter ( ErsatzCoalButter@beehaw.org ) 
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    2 years ago

    deleted by creator

    • Powderhorn ( Powderhorn@beehaw.org ) OP
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      2 years ago

      What a time to be alive … diamond prices are crashing while GPUs keep getting more expensive.

      • massive_bereavement ( massive_bereavement@fedia.io ) 
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        2 years ago

        Are you saying that GPUs are a girl’s best friend?

        • ElfBean ( ElfBean@fedia.io ) 
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          2 years ago

          If someone proposed to me with a high-end GPU I think that would seal the deal honestly

          • Powderhorn ( Powderhorn@beehaw.org ) OP
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            2 years ago

            You just know there are going to be proposals with 5090s.

          • massive_bereavement ( massive_bereavement@fedia.io ) 
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            2 years ago

            And you open the box and it is an intel GPU.

            • ErsatzCoalButter ( ErsatzCoalButter@beehaw.org ) 
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              • Powderhorn ( Powderhorn@beehaw.org ) OP
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                2 years ago

                “You’re Celestial to me, but I couldn’t wait any longer.”

          • xep ( xep@fedia.io ) 
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            2 years ago

            No doubt in my mind that Silicon > Carbon.

        • Powderhorn ( Powderhorn@beehaw.org ) OP
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          2 years ago

          I went with a 1kg collar last time, so I’m likely a terrible person to ask. Wasn’t my intent, but it turns out that much steel is really heavy.

          • pixeltree ( pixeltree@lemmy.blahaj.zone ) 
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            2 years ago

            Not much point to a collar you forget is there

            • Powderhorn ( Powderhorn@beehaw.org ) OP
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              2 years ago

              I mean, that’s a very valid point. She still wears it eight years after the divorce because her “neck felt wrong without it.”

      • Corngood ( Corngood@lemmy.ml ) 
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        2 years ago

        A GPU is forever

        • Greg Clarke ( Greg@lemmy.ca ) 
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          2 years ago

          AI slop is a girl’s best friend

      • CaptainBasculin ( CaptainBasculin@lemmy.ml ) 
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        2 years ago

        Not gonna lie; I would be in favor of giving a ring with a GPU attached on it rather than a diamond.

  • RustyWizard ( RustyWizard@programming.dev ) 
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    2 years ago

    Geoffrey Farrow at Raphael, a jeweller on the other side of the street, can only just bring himself to sell lab-grown diamonds. “They are synthetic,” he said. “Lab-grown sounds exotic, but it’s created – they make it by the buckets. There’s no history to it. The price is going to go down further and further.

    “It makes the stone that much cheaper, and people have the illusion that being big is something special. It’s not. It’s quality that you want.”

    What the actual fuck is he talking about? Is it the suffering that gives it quality? They’re impossible to tell apart without a magnifying glass.

    • shadysus ( shadysus@lemmy.ca ) 
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      2 years ago

      more difficult than that iirc

      https://www.gia.edu/hpht-and-cvd-diamond-growth-processes

      Jewelers use magnification to read the laser inscription on the rocks and trust what it says. Most jewelers don’t have the equipment to detect the trace gasses and impurities that identify mined rocks.

      It’s possible to make lab grown gems with those impurities, but you end up with the shittier product that is mined diamonds

      • jarfil ( jarfil@beehaw.org ) 
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        2 years ago

        From that article (thanks for sharing, btw) it seems like there are a series of relatively simple tools to identify the different kinds of diamonds, the main problem being large assortments of small pieces.

        It only mentions laser inscriptions in passing, how easy would it be to counterfeit one? Seems like there are many aspects that can be checked relatively easily to see whether the actual characteristics match those in the inscribed ID?

        In the polarizer strain test, I’m not sure which one makes a better diamond, one with more or less stress lines. Since the main aspect of ornamental diamonds is the ability to bend light as many times as possible, would the extra stress lines help or hinder that?

    • smegger ( smegger@aussie.zone ) 
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      2 years ago

      Hey, some of us prefer only the bloodiest of diamonds. Still dripping if possible. /s

    • Powderhorn ( Powderhorn@beehaw.org ) OP
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      2 years ago

      This is what monopoly sounds like when it’s dying. I frankly prefer Simon & Garfunkel.

    • Powderhorn ( Powderhorn@beehaw.org ) OP
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      2 years ago

      This is about nothing more than artificial scarcity that is now fucked, and rich dudes aren’t happy.

  • xep ( xep@fedia.io ) 
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    2 years ago

    The world would lose nothing if DeBeers went away, I think.

    • Powderhorn ( Powderhorn@beehaw.org ) OP
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      2 years ago

      I need de beers to stay sane right now.

      • Banzai51 ( Banzai51@midwest.social ) 
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        2 years ago

        Must be a da bears fan.

  • acargitz ( theacharnian@lemmy.ca ) 
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    2 years ago

    You know what else used to be incredibly expensive, to the point of being more valuable than gold? Aluminum.

    So cry me a river.

    • Powderhorn ( Powderhorn@beehaw.org ) OP
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      Yeah, but have you seen how many steps it takes in Factorio to have usable aluminum?

      • jarfil ( jarfil@beehaw.org ) 
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        2 years ago

        Kind of reflects the difficulty of refining aluminum ore. It’s much cheaper to recycle aluminum, which is why it’s one of the most looked for materials to recycle, and as more gets recycled the final price drops.

    • gandalf_der_12te ( gandalf_der_12te@discuss.tchncs.de ) 
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      As a side note, falling electricity prices through solar could mean a lower (aluminum price/iron price) ratio. Just saying. This would mean that we would see more aluminum in place of iron.

  • 01011 ( 01011@monero.town ) 
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    2 years ago

    An unbelievable waste of time and human effort. One of the world’s most useless rackets and that’s saying something.

  • 🇰 🌀 🇱 🇦 🇳 🇦 🇰 🇮 🏆 ( Kolanaki@yiffit.net ) 
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    2 years ago

    I can’t not read that headline literally.

    “Oh no! The diamonds have stopped sparkling! Who’s gonna want to buy a rock that isn’t sparkly?! Quick! Put the price back up!”

  • Faydaikin ( Faydaikin@beehaw.org ) 
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    10 months ago

    deleted by creator

    • Powderhorn ( Powderhorn@beehaw.org ) OP
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      2 years ago

      That’s the road toward sanity.

  • Sticky Fedi ( taanegl@lemmy.ml ) 
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    2 years ago

    The most abundant resource on the planet… it’s just hidden underneath the crust of the earth.

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