Originally posted by: DBL
Originally posted by: Saulbadguy
Who really cares? The price of diamonds is totally artificial.
It sucks that the world is entirely brainwashed in to thinking you have to get a diamond, and you have to pay out the ass for it. Just read this thread, it's pathetic - people talking about grades and color and ******, when all they are paying for is something that really should not be worth that much.
The price of diamonds is not as artificial as you make it out to be. DeBeers does not have the monopoly they once had. They've found diamonds in other parts of the world (such as Canada) where DeBeers does not have control. Like it or not, the price is also driven by the huge demand in luxury goods in general. Diamonds are not rare but good quality ones sure are.
Besides the fact that you are crapping on the OP thread, you should realize that many things in this world are driven by economics and supply and demand. DeBeers sure has a sordid history but realize that the current backlash against them and diamonds in general is often based on incomplete information and generalizations which are not completely true.
You can hate diamonds all you want but realize that if your future wife wants one, there is not much you can do. Everybody has certain excesses which are not necessary and unfortunately, women like diamonds and whether this is natural or artificially created by excellent marketing really does not matter.