This would make a hell of an engagement ring!
MINERS JUST DISCOVERED THE LARGEST PINK DIAMOND IN MORE THAN 300 YEARS
15
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It would, indeed, made a spectacular engagement ring.
Just don't fall out with the girl you give it to - with that on her finger the last thing you want is for her to get angry and left hand punch you in the face.
ToakReon
Level 8
July 30, 2022
2
And then she runs away screaming that she was about to be robbed...
PS: diamonds are NOT forever. For instance, they burn at only 700°C.
Flyingsaucesir
Level 8
July 29, 2022
0
"...conditions for mining diamonds are often hazardous, and the industry has been associated with the displacement of Indigenous peoples, worker exploitation, pollution and human rights abuses..."
Hence the term "blood diamond." That's why I will never buy a diamond ring, bracelet, necklace, earring, nose post, belly button thingamajig, etc., etc.
Flyingsaucesir
Level 8
July 29, 2022
3
Can you think of a profitable industry that doesn't displace, abuse or exploit people?
I lost that about three months ago. Please return it.
Alienbeing
Level 8
July 29, 2022
3
Oh no you don't! The other side of it ( thanks to poor photography you can't see, yes that part with the shiny bits) is mine! I have a document here printed in inaudible ink to prove it!
@BOBdammit See you in court.
@Alienbeing You don't get by that easy! I will be hiding in the broom closet... (Did I just type that out loud?)
Diamonds are one of the earliest and yet enduring examples of the power of monopoly control of a market to artifically inflate the price of a commodity.
zeuser
Level 9
July 29, 2022
8
I've never understood - due to a particular mineral composition, there is exorbitant value placed on one type of "rock", while so many others are more common and beautiful.
Yerp, one of advertising's first great success stories.
@tinkercreek DeBeers controlled 80-90% of the diamond market from the late 1800's till just recently. Competition has lowered that percentage to about 30% (still a lot!), but the prices are STILL ridiculous. As @Druvius points out, most of their value is perceived value owing to long and successful marketing campaigns and branding.
@tinkercreek Because they said so
@TheoryNumber3 It was a deliberate and highly successful campaign to associate diamonds with commitment and romantic love. They controlled the supply, and thus could dictate the pricing and packaging, and the marketing created an ongoing demand.
@tinkercreek As a wedding officiant, I see a LOT of engagement rings and always have a lot of respect for couples who buck tradition and have a much more beautiful and less expensive ring. There are so many beautiful stones and/or band designs that say "we value each other" more than putting all that money into supporting the diamond industry.
@zeuser That's marketing. It's pretty manipulative. And you're right. If they decided a lump of granite was a treasure, we'd be paying a fortune for that.
I have a rose quartz rock sitting on my porch window sill which looks exactly like that! -At least I think it's rose quartz...
Organist1
Level 8
July 29, 2022
10
I was thinking the same thing when I saw the photo - that I wouldn't be able to tell the difference between rose quartz and that diamond.
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