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posted by
martyb
on Monday November 19 2018, @12:57PM
from the all-that-glitters-is-not-natural-diamond dept.
from the all-that-glitters-is-not-natural-diamond dept.
The South China Morning Post writes that the dominant diamond player De Beers is reacting badly to the arrival of large numbers of good, tiny, lab-grown diamonds. The synthetics challenge the widely-promoted assertion that diamond prices only go up. However, labs are now able to produce chemically identical gem-quality stones, indistinguishable by the naked eye from mined diamonds, in quantities pushing 200k carats of diamonds per month. Synthetic diamonds still only account for %1 of rough diamond sales globally, but that is expected to expand to between 7.5% to 15% by 2020.
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China's Lab-Grown Diamonds Look Good
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The Official Colorado State Vegetable is now the "state legislator".
(Score: 5, Informative) by AndyTheAbsurd on Monday November 19 2018, @01:08PM (8 children)
DeBeers has been manipulating the diamond market with artificial scarcity for years now anyway and inflated demand with their "diamonds are forever" campaign and other things pushing diamonds as the choice for engagement rings. Of course they're reacting badly to anything that threatens their near-monopoly on "gem grade" diamonds.
Please note my username before responding. You may have been trolled.
(Score: 5, Funny) by Runaway1956 on Monday November 19 2018, @04:45PM (5 children)
Well, I can understand their attitude. Blood diamonds are especially valuable. Those upstart Chinese are going to offer people diamonds without a blood history. They're just valueless, as well as worthless. DeBeers washes their diamonds in oceans of blood, so that you get the very best value in diamonds.
(Score: 5, Funny) by bob_super on Monday November 19 2018, @05:14PM (4 children)
Such negativity !
Not all diamonds are washed in blood.
Many are washed in sweat of poverty, and tears of working children.
Artificial diamonds ? How dare you not think of the children ?
(Score: 4, Interesting) by Runaway1956 on Monday November 19 2018, @05:50PM (3 children)
Yes, well, you'll agree that sweat and tears are rather mundane. People can excrete both by the gallon. Blood, on the other hand, is limited to a few pints. For REAL value, we can take those blood diamonds, and steep them in fresh brains. Fresh human brains, spattered from the skull with either a machete, or a bullet. That is real value, there! And, no, we won't use brains from bomb blast victims, or drone victims. All of our victims are created up close and personal, and the donor's misery documented in fine detail.
(Score: 2) by bob_super on Monday November 19 2018, @06:06PM (2 children)
The segmentation of the industry between diamond producers, polishers, and ring-makers, is a real problem, preventing what would be the most exclusive and special experience: Diamond rings delivered in a very cute box on the hand of the very cute child who mined it. Them darn customs in Antwerp ruining my customer's dreams !
(Score: 0) by Anonymous Coward on Tuesday November 20 2018, @09:07AM (1 child)
If they just get rid of the one child per family doctrine in China they can use the population boom to bloody as many artificially produced diamonds as they need, helping all those poor children in africa by offering the much more prestigious asian child's bodyparts with every diamond instead of those inferior africans. And everybody knows how much white people prefer asians over africans so getting those blood soaked diamonds at a low low chinese price, lovingly placed in the dessicated hands of a chinese child and accentuated by the skull box they arrive in will truly be the most shining example to self absorbed white women of how far you will go to keep them happy, no matter who has to die in the process.
China: we serve our citizens cold, because they last better stored in the fridge.
(Score: 2) by bob_super on Tuesday November 20 2018, @05:09PM
We need a study, because I suspect that a colorful red/green/blue rock might look bigger on an Asian child's hand, but a whitish rock might just be better magnified by a background of black severed fingers...
(Score: 2) by krishnoid on Tuesday November 20 2018, @12:24AM
You can't be right! It says right here that diamonds do good [diamondsdogood.com]!
(Score: 0) by Anonymous Coward on Tuesday November 20 2018, @09:25AM
Indeed. Nothing makes a diamond real and valuable like nigger blood.