News for hackers. Stuff that matters.

A comment on Has Technology Killed the Jewelry Industry?.

Re:Has Technology Killed the Jewelry Industry? by nibornarod on Monday January 26, 2015 @12:10AM (#8945606)
Diamonds are mentioned a lot in the article, as is the birth of the jewellery industry post WWII.

I think its become a lot easier to discover that diamond scarcity and intrinsic value is artificial and was pushed by De Beers, who have global dominance in the market, to create a industry especially around engagement rings.

I'm not surprised demand is dropping, we have better information and more choice now.

I like this article on the the diamond cartel mainly because it was written in 1982 and shows how long this has been relatively common knowledge - http://www.theatlantic.com/magazine/archive/1982/02/have-you...

[ Parent | on HN ]
Re:Has Technology Killed the Jewelry Industry? by kbart on Monday January 26, 2015 @07:27AM (#8946626)
Exactly. I'm actually surprised that an overpriced piece of mineral managed to keep such high value for so long. I would seriously doubt person's intelligence if he/she bought something with diamonds (unless that's for industrial use).

EDIT: rock -> mineral

[ Parent | on HN ]