The diamond market is crashing, prices are tanking worldwide

[The_Sheff]

If they going for the low I need to cop a stone and have it put in a ring later.

 

[concise]

Now I'm concerned for the fate of the African nations that inherited those industries from the colonizers. They didn't have any other industry for their people and the colonial powers had no incentive to diversify their economies

I'm thinking of Botswana which was about to finally break out of the middle income trap and South Africa which was trying to get out of recession. Even Namibia and Zimbabwe might see blowback.

Crazy thing is that those same Jewish (and now Indian) owners can easily change their business model and just buy lab equipment to add artificial diamonds to their existing supply chains, but those Africans are priced out and locked out the supply lines.

Similar to how most of the networks jumped into streaming.

 

[null]

 

[Pure Water]

The first sentence in his comment was “…if it was a real diamond”. That very clearly indicates that it’s not. His very next sentence was “I got the lab one…” so what the fukk are you talking about nikka? I made no mention of anything being “fake”. Just typing to be typing.

Lab diamonds are real diamonds. That’s my point.

 

[Amestafuu (Emeritus)]

They’ve removed the stigma of lab made stones.

This was a natural affect.

They were never rare, never valued until the Jewish De Beer family used their Kabbalah to turn water to wine in SA.

Post went full retard at the end.

 

[Sterling Archer]

Lab diamonds are real diamonds. That’s my point.

But that wasn’t my point or the person I quoted sooo….

The distinction between natural and lab grown diamonds is prevalent still. Both in value and recognition.

 

[desjardins]

I’m researching gold jewelry right now and first thing I noticed was how hard jewelers are pushing lab diamonds
It’s crazy because that’s basically an admission that diamonds have no real value.
Wonder what it’s going to mean for the overpriced retailers holding a lot of inventory like Tiffany’s and Van Cleff. Botswana and Antwerp have to be nervous now as well

 

[Windows 91]

I told my wife she was getting a lab diamond or no diamond. And she love that ring too, gets compliments all the time.

Any woman trying to call you cheap or broke for buying a lab diamond can stay single. Machines can't even differentiate them because they're the exact same thing from a molecular standpoint. A cactus grown in a nursery will be the same as a cactus grown in the Sonoran desert.

 

[concise]

I told my wife she was getting a lab diamond or no diamond. And she love that ring too, gets compliments all the time.

Any woman trying to call you cheap or broke for buying a lab diamond can stay single. Machines can't even differentiate them because they're the exact same thing from a molecular standpoint. A cactus grown in a nursery will be the same as a cactus grown in the Sonoran desert.

Exactly.
A diamond is a diamond, any stigma is based on gaps in understanding.

It's not a fake or an imitation, it's a diamond.

Just like a test tube baby is still a baby, or insulin produced in a lab for diabetics is the same as insulin that would be produced in your body.

 

[Spliff]

When I was ring shopping, lab grown were still about 60-70% of normal pricing and they still had a stigma.

Thread made me check current price differences and COTDAMN they’re much cheaper now. Can get a monster rock for the low.

 

[Scientific]

So how long before there's an attempt to skyrocket the price on the lab diamonds?! They can't stand when you don't have to deal with them........they'll burn everything just so they try and make you deal with them

Almost impossible at this point, since its a free market. What made mined stones inflated was that DeBeers single handedly controlled the extraction and market of diamonds for almost a 100 years. They owned this monopoly.

Manufacturers and vendors in the lab space are all competing with each other. I think lab grown diamonds had been around since at least the 80s, but the stones werent perfected. Just used for industry. The last two decades had them perfecting the technology to the point the cost has made the industry lucrative.

There's too much competition for any cartel or monopoly like DeBeers. And I'm all for it. Anyone that convinces themselves that diamonds are investment are idiots. There's no "market" or spot price for stones like there is precious metals. It's not a true commodity. The intrinsic value is probably 80% of its mark up.

 

[BK The Great]

Heard silver was going up, never cared for jewelry but it does look nice sometimes.

 

[Scientific]

I’m researching gold jewelry right now and first thing I noticed was how hard jewelers are pushing lab diamonds
It’s crazy because that’s basically an admission that diamonds have no real value.
Wonder what it’s going to mean for the overpriced retailers holding a lot of inventory like Tiffany’s and Van Cleff. Botswana and Antwerp have to be nervous now as well

I think Tiffany's will be ok long term. Everyone knows it's overpriced luxury jewelry, whether its diamonds or any other thing. No different than choosing overpriced purses or cars. People that can and want to, will spend there.

Ordinary loose diamonds at any other box retail or small jewelry shop will see their margins tank. I don't see how stores like Jared's, Kay, Zales will remain profitable (owned by a single company).

 

[Apollo Creed]

How much cheaper are lab made diamonds

 

[Stir Fry]

Hoping my wife loses hers and we can get the insurNce money

except that now, you'll probably only get back twenty percent of what you paid for it lol