4 ms·

From the article: >The arrival of lab-grown diamonds has challenged the widely-held assumption that diamond prices could only go up I'll admit I don't know a

From the article: >The arrival of lab-grown diamonds has challenged the widely-held assumption that diamond prices could only go up I'll admit I don't know a lot about the diamond market and perhaps I'm misinformed, but how on earth was this a widely held assumption? In a world where people are increasingly aware that De Beers and other companies hold major stockpiles of diamonds solely to keep the price inflated, and when man made diamonds for industrial purposes have been a thing for a long time?

saagarjha 9y ago
Probably because these are both relatively new developments? I'd wager that as recently as 5-10 years ago these were much less of an issue.
mtgx 9y ago
Maybe one day people will also realize that diamonds or other gems have "no intrinsic value", at least when used as jewelry. I know, crazy, right?
- lostlogin 9y ago
  Diamond blades on my grinder are great, and there is definite value in their hardness. If I could get nicer looking ones with good clarity it would make cutting rebar and grinding steel prettier.
tibbetts 9y ago
An assumption can be widely held even if most informed people would dispute it. For example the widely held belief that housing prices will only go up, despite historical and theoretical arguments to the contrary.
- moccachino 9y ago
  That is absolutely true. I guess my incredulousness stems from that I would consider myself rather uninformed about diamonds and other gemstones, and still I have found the future of the diamond business very questionable. Basically since I saw some movie about how they are kept in stockpiles, and also the movie Blood Diamond. I would have thought it to be rather mainstream knowledge.
- vinceguidry 9y ago
  I don't think that's the sense in which the article stated it. It seems to me like there might be a significant number of people in the industry that believed it.
- bbud148 9y ago
  Can you provide a source on the housing please? Particularly that on the historical side.
dwaltrip 9y ago
That sounds like one of those bullshit, exaggerated sentences they throw in articles. Is that actually a widespread belief?

saagarjha 9y ago

Probably because these are both relatively new developments? I'd wager that as recently as 5-10 years ago these were much less of an issue.

mtgx 9y ago

Maybe one day people will also realize that diamonds or other gems have "no intrinsic value", at least when used as jewelry. I know, crazy, right?

lostlogin 9y ago
Diamond blades on my grinder are great, and there is definite value in their hardness. If I could get nicer looking ones with good clarity it would make cutting rebar and grinding steel prettier.

tibbetts 9y ago

An assumption can be widely held even if most informed people would dispute it. For example the widely held belief that housing prices will only go up, despite historical and theoretical arguments to the contrary.

moccachino 9y ago
That is absolutely true. I guess my incredulousness stems from that I would consider myself rather uninformed about diamonds and other gemstones, and still I have found the future of the diamond business very questionable. Basically since I saw some movie about how they are kept in stockpiles, and also the movie Blood Diamond. I would have thought it to be rather mainstream knowledge.
vinceguidry 9y ago
I don't think that's the sense in which the article stated it. It seems to me like there might be a significant number of people in the industry that believed it.
bbud148 9y ago
Can you provide a source on the housing please? Particularly that on the historical side.

dwaltrip 9y ago

That sounds like one of those bullshit, exaggerated sentences they throw in articles. Is that actually a widespread belief?