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The problem with man made diamonds is that like any technology, they'll get progressively cheaper as the production technology gets better. We saw that in a hug
by yding 7y ago
The problem with man made diamonds is that like any technology, they'll get progressively cheaper as the production technology gets better. We saw that in a huge way when De Beers rolled out their Lightbox line and undercut pretty much everyone.
- saghm 7y agoIs that really a problem? It sounds perfectly fine to me
- dgellow 7y agoIt’s a problem if you want to consider something such a nice jewelry or a wedding ring as an investment. I would guess that some people buy the real thing because it’s less likely to lose its value over time? That’s just my guess.
- viraptor 7y agoI'm not sure what you mean by "less likely to lose its value over time". If you buy a natural diamond in retail it lost more than half its value the moment you bought it. (it was never worth the retail price to begin with) As an investment, it's a terrible idea.
- dgellow 7y agoI'm not saying it's a good investment, to be clear I know absolutely nothing about diamonds. I was just sharing a potential reason why people may favor natural ones over manufactured ones. If the process to make synthesized diamonds becomes cheaper faster than a natural diamond lose its value, then you might be better off with the natural one if you consider it strictly from an investment point of view. Losing 50% of its value after purchase may be better than losing an potentially more after a few years once the industry figured out a way to manufacture diamonds at a way lower cost.
- Xelbair 7y agoAnd that's a problem how? Speculators will speculate - what matters is that more goods are accessible to more people.
- dgellow 7y agoIt's a problem for the person who doesn't want their good to depreciate.