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Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by adverbly on Wednesday June 05, 2024 @03:33PM (#40589437)
Hot take: it's not going to stop at diamonds. Marriage is expensive. Weddings are expensive.

Honestly, if you compare it to the other really expensive things that happen around the same stage of life... buying a home, having children... Unless I'm from a highly religious family(also in decline), I can tell you easily which one I'd call pass on.

https://ifstudies.org/blog/1-in-3-a-record-share-of-young-ad...

Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by r2_pilot on Wednesday June 05, 2024 @04:28PM (#40590165)
Marriage costs $37 dollars in Mississippi, FYI. Celebrations around it, that's a different story.
Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by tapoxi on Wednesday June 05, 2024 @04:38PM (#40590295)
I paid $50 to rent a gazebo at our town hall. No regrets having an inexpensive wedding.

I remember the honeymoon we splurged on, much better value, much less planning and coordination to worry about.

Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by stephenr on Wednesday June 05, 2024 @08:38PM (#40592215)
Room temperature take:

Weddings are expensive. Marriage costs almost nothing.

Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by tmtvl on Wednesday June 05, 2024 @09:54PM (#40592632)
Depends: marriage can be expensive for a rich asshole marrying a piece of crap who's terrible at spending someone else's money.
Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by rincebrain on Thursday June 06, 2024 @02:38AM (#40594253)
For certain kinds of rich people to whom being able to waste money is a demonstration of their self-worth, having a spouse who spends money like some people breathe air is a feature, not a bug.
Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by Gigablah on Thursday June 06, 2024 @05:58AM (#40595577)
To be fair it’s not like they’re burning banknotes, that money goes somewhere.
Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by justinclift on Wednesday June 05, 2024 @09:49PM (#40592599)
Divorces have a reputation money wise as well. ;)
Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by MissTake on Thursday June 06, 2024 @09:53AM (#40597397)
Can be expensive.

Ours was about £500, 25+ years ago. Still together now.

Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by hierophantic on Thursday June 06, 2024 @08:19AM (#40596545)
This is all delusional.

I am basically anti-marriage for myself but an expensive diamond ring is acting like a form of collateral. It is a form of insurance that one party is not completely fraudulent about their financial situation.

Imagine that, these long held traditions actually have practical purposes and are not just random nonsense that is so easily solved by technology.

People hopelessly addicted to social media and bullshit are just total suckers for these type of stories though.

Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by MissTake on Thursday June 06, 2024 @09:52AM (#40597383)
“It is a form of insurance that one party is not completely fraudulent about their financial situation.”

The credit industry has entered the room.

Re:Diamond industry 'in trouble' as lab-grown gemstones tank... by euroderf on Saturday June 08, 2024 @02:35PM (#40619414)
I've read that a century ago, about a third of engagement stones were precious stones other than diamonds. So, a triumph of marketing.