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A comment on Diamond Prices Are in Free Fall in One Key Corner of the Market. Parent comment

Re:Diamond Prices Are in Free Fall in One Key Corner of the ... by bigbillheck on Tuesday September 05, 2023 @05:57PM (#37398325)
Are you telling me I can get lab-grown coffee and t-shirts that avoid the nastiest parts of the traditional processes? As for phones, I'm on a used iphone 6. That doesn't make its original sourcing any better, but harm reduction is still reduction
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Re:Diamond Prices Are in Free Fall in One Key Corner of the ... by ethanbond on Wednesday September 06, 2023 @10:04AM (#37405334)
The utility of a diamond ring is not to have shiny rock. It’s meant to be an expensive useless thing to demonstrate that you/your partner can spend money on expensive useless things.

So a shiny thing that’s less expensive actually doesn’t satisfy the same role.

A shiny thing that’s just as expensive but less valuable (ie lower $/karat, ie lab grown) is so large as to out itself as not-the-truly-ridiculous waste of money that a real diamond is supposed to be for its signaling value.

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