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Re:Diamond Prices Are in Free Fall in One Key Corner of the ... by arcticbull on Tuesday September 05, 2023 @04:38PM (#37397395)
Unless I'm wrong those are considered Veblen goods. [1]

[1] https://www.investopedia.com/terms/v/veblen-good.asp

Re:Diamond Prices Are in Free Fall in One Key Corner of the ... by rbranson on Tuesday September 05, 2023 @07:01PM (#37398995)
Outside of a few household-name Champagne houses, most expensive wine is expensive because it is desirable and the vineyards used to produce it are tiny. Standard economics.