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Because synthetic diamonds are indistinguishable to the naked eye (IIRC a trained eye with a magnifying glass can spot faint nitrogen impurities which are chara
by djtango 2y ago
Because synthetic diamonds are indistinguishable to the naked eye (IIRC a trained eye with a magnifying glass can spot faint nitrogen impurities which are characteristic of natural diamonds) the thing you're really paying for is the piece of paper, the certificate. You're not really paying for carbon allotrope.
So it's less like gold which is fungible and a more natural form of money.
Diamonds feel more like an NFT...
- justinparus 2y agoAgreed. So much so I wonder if they engrave all lab-grown ones, so they don’t get mixed up easily with mined and ruin their price.
- onlypassingthru 2y agoIf I'm not mistaken, diamonds get etched with a serial number when they get graded so you can look up the history later.
- heavenlyblue 2y agoIn fact, De Beers have been agressively hiring for their osn blockchain-for-diamonds project.
- red-iron-pine 2y agogod the blockchain hype cancer never ends
- pharrington 2y agoMore importantly, you're paying for the human rights violations. Hopefully, synthetic diamonds eventually become popular enough to destroy the perverse incentives fueling the traditional diamond trade.
- kelnos 2y agoWhile yes, you are literally paying for the certificate, what you're really paying for is propagandized emotion. The diamond cartel did a great job equating "real", mined diamonds with love and romance. For some couples, unfortunately, lab-grown just doesn't have the same feel to it.