Re:What the diamond industry is really selling
by frostmatthew on Monday February 15, 2016 @11:02AM
(#11104024)
> How is gold superior to diamonds really? Both are stores of value, but their value based only on others' willingness to trade for them.
Because gold is (relatively) easy to sell but "Selling individual diamonds at a profit, even those held over long periods of time, can be surprisingly difficult"[1]
Because gold is (relatively) easy to sell but "Selling individual diamonds at a profit, even those held over long periods of time, can be surprisingly difficult"[1]
[1] http://www.theatlantic.com/past/issues/82feb/8202diamond2.ht...