3 ms·
I feel like this problem isn't specific to diamonds. The article mentions that big brand names (Tiffany etc.) are relatively unaffected and that is a pattern se
by cluoma 7y ago
I feel like this problem isn't specific to diamonds. The article mentions that big brand names (Tiffany etc.) are relatively unaffected and that is a pattern seen in many industries.
Skewed wealth distribution is creating demand for 'premium' products where prices far outstrip the practical value of such items. Everything else becomes commoditized as much as possible.
- lotsofpulp 7y agoThey are hurting. Tiffany’s value has been flat for 6 years, while the broader market is up 50%+.
- mucle6 7y agoThat is the case for most stocks. 63% lose money. 35% make back the money the first 63% lost, and then the last 3% drive the insane gains.
- ggm 7y agoTiffany bought the "get large" story. Now it's common and sells to drug dealers and Paris Hilton lookalikes it's no better or worse than swarovski.