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A comment on The natural diamond industry is getting rocked. Thank the lab-grown variety. Parent comment

Re:The natural diamond industry is getting rocked. Thank the... by refurb on Saturday July 26, 2025 @11:49PM (#44698798)
That seems like an obvious observation?

People accumulate wealth over a life time of work. It would be entirely expect that younger generations have less wealth than older generations.

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Re:The natural diamond industry is getting rocked. Thank the... by ghushn3 on Saturday July 26, 2025 @11:56PM (#44698823)
If that was true, you'd expect the younger professionals of today would have comparative amounts of wealth to the boomers when they were young professionals. It's absolutely not the case. Each generation is getting poorer and poorer as they hit the same benchmarks.

This tracks with broad trends of wealth inequality increasing as well.

So no, it's not just "they haven't accumulated yet", because it's not clear they will have the opportunity to do so.

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Re:The natural diamond industry is getting rocked. Thank the... by naveen99 on Sunday July 27, 2025 @09:26AM (#44701174)
Boomers had a lot more sibling and lot smaller inheritances coming to them. Kids these days will inherit a lot more and share a lot less with siblings.
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Re:The natural diamond industry is getting rocked. Thank the... by adaml_623 on Sunday July 27, 2025 @09:47AM (#44701286)
Unless Boomers live long enough to spend the inheritance on nursing homes
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Re:The natural diamond industry is getting rocked. Thank the... by prerok on Sunday July 27, 2025 @01:57PM (#44703169)
Capital of the 21st century by Piketty. Highly recommended reading. It points out how slow degradation will happen.

You are right in a sense. But it's still a very bad prognosis.

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Re:The natural diamond industry is getting rocked. Thank the... by JumpCrisscross on Sunday July 27, 2025 @03:20PM (#44703811)
> you'd expect the younger professionals of today would have comparative amounts of wealth to the boomers when they were young professionals. It's absolutely not the case

Source? The data I’ve seen indicate the median millennial is wealthier than the median boomer was at their age.

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Re:The natural diamond industry is getting rocked. Thank the... by ghushn3 on Monday July 28, 2025 @07:07PM (#44716867)
https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...

Boomers held significantly higher percentages of capital than millenials or genx holding age steady.

https://www.nber.org/papers/w27123

Studies have shown wealth declining for millenials while increasing for boomers.

https://www.self.inc/info/generational-wealth-gap/

And it's across multiple forms of wealth.

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Re:The natural diamond industry is getting rocked. Thank the... by DonHopkins on Sunday July 27, 2025 @04:20AM (#44699725)
The point isn't comparing boomers and younger generations buying diamonds NOW, but when they marry. Boomers typically don't wait till they're 60 to get married.
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