4 ms·

I like that the "Esperanza" diamond is supposed to have a price of $1M, or even more, and if you follow the rabbit hole the owners have been trying to sell the

• AlbertoGP 5y ago
  In what I must assume is a case of unintentional candor, the pendant it’s mounted on is shaped like a bear trap! (See the meaning of “bear trap” in both the hunting and financial sense)
• lotsofpulp 5y ago
  > The more you read about diamonds, the more they sound like a scam to sell overpriced wedding rings. That is because they are. There are much better ways to signal whatever people used to signal by buying diamonds, at least on the higher end of the wealth scale. Not least because you can just get a synthetic diamond and no one can tell the difference, so now they try to sell “stories” behind it to create artificial scarcity.
  • otherme123 5y ago
    I read once that a (cheap) cubic zirconia is difficult to tell apart from a diamond, unless you have a sharp eye and know exactly what you are looking for: if you propose with a zirconia, your wife will not notice unless she tries to sell the thing. Diamond sellers would tell you otherwise, telling that "zirconia has no fire inside", while others say exactly the opposite. As fishy as all of that market smells, I wouldn't be surprised if a lot of diamond buyers are getting CZ or moissanites for their money.