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Yes, this post missing the point that I as a diamond buyer already know this but it will not stop me from purchasing more diamonds. In a hypothetical world, if
by xstartup 8y ago
Yes, this post missing the point that I as a diamond buyer already know this but it will not stop me from purchasing more diamonds.
In a hypothetical world, if a diamond could be bought for $10K and sold for $10K, where is the risk? Then it's no longer for only rich, others can take a loan from a bank and purchase diamonds.
When I pay for a diamond, I don't pay for its intrinsic value.
I pay for diamonds because other people around me feel they are expensive and you've to be rich enough to set your money on fire (like you do while purchasing a diamond). It's a signal for others that I am "fuck you money" rich.
The very same reason for which I purchase a sports car, yes a sports car does have some advanced engineering but the resale value is not same.
As long as diamond purchase price stays up I'll keep buying. Only thing I want is that no other people are able to acquire them for cheap when I am willing to pay a premium. (I hate price discrimination, i've also worked hard for my money, why should anyone get them cheap?)
Please stop treating me like a victim of De Beers campaign.
- FrozenVoid 8y agoNo you purchase the diamond because of De Beers marketing techniques influencing people around and peer pressure. Its manufactured status symbol for the purpose of enriching exploitative diamond industry that strives to maintain its monopoly at all cost. The reality of diamond industry is far less polished than their PR material: https://en.wikipedia.org/wiki/Child_labour_in_the_diamond_industry https://en.wikipedia.org/wiki/Child_labour_in_the_diamond_in...
- wycy 8y agoHow does a diamond represent "fuck you money" if everyone has them?
- lgl 8y agoWhen I pay for a diamond, I don't pay for its intrinsic value. I pay for diamonds because other people around me feel they are expensive and you've to be rich enough to set your money on fire (like you do while purchasing a diamond). It's a signal for others that I am "fuck you money" rich. This may have been a sarcastic post (?) but why do you care if other people think you have "fuck you money"? That just makes you look intellectually weak and poor imho. But here's one thing that "fuck you money" won't buy: class.
- yesenadam 8y agoAgree, except I think it's more that it makes him (hazarding a wild guess it's a guy!) sound like a total jerk, an empty loser and an epic twat, probably with a tiny dick.
- xstartup 8y ago> This may have been a sarcastic post (?) but why do you care if other people think you have "fuck you money"? That just makes you look intellectually weak and poor imho. But here's one thing that "fuck you money" won't buy: class. Why should I care if that makes me look intellectually weak and poor imho? I am from old banker family, I love diamonds and I collect them. I gave you other reasons for which I collect all these diamonds. If you ask me in an interview, I obviously won't mention these views and give you a politically correct answer. But this is the internet, I am using anonymity, where is the problem with that? I am just sharing my views, I don't care about your judgment. > But here's one thing that "fuck you money" won't buy: class. I am born into it, there is no reason for me to buy.
- nailer 8y agoOK. You want to spend a bunch of money and show off. Cool. You know what looks better than a big, clear, well cut diamond? A bigger one. Spend the same amount of money on an existing stone at Sothenby's or Christies.