Diamonds are plunging in value around the world. Is China to blame?
Diamonds are plunging in value around the world. Is China to blame?
China’s demand for natural diamonds has ‘fallen off a cliff’ amid plunging marriage rates, while its factories are churning out synthetic alternatives that are up to 90 per cent cheaper.
Is china to thank?
FTFW
Fuck the diamond cartel up the ass.
I bought an engagement ring many years back for around $2600 and when we broke up I went to a pawn shop and they offered $60 for the gold, the diamonds weren't worth a thing.
I cheer when these billion dollar scam industries get what they deserve I hope more are coming soon
Good.
I don't care who is to blame, I'm just glad the carbon garbage industry is dying.
exactly
Blame? Sounds like it might be a good thing?
It's the usual framing of whatever China does as bad, regardless of what it is.
It absolutely is a good thing, natural diamond industry is largely based on slave labor and it destroys the environment. There is absolutely no reason for it to exist when we can cheaply manufacture diamonds.
Ok sweaty but it's not a real diamond unless it was made with cruelty
Some labor abuse can probably be arranged
Ffs they did this same thing with caviar farming didn't they? I swear I remember articles complaining about how farming caviar is bad because it makes it more accessible to the wider public instead of being a special rich person food
Which is funny because caviar, like lobster, began as a shitty food for us poors until the rich gentrified it
Diamonds prices are falling. The horror, the dastardly Chinese...
Diamonds are
plunging in valuecheaper than ever around the world. Is Chinato blame?the hero?Yeah, okay, good. Diamonds are a scam. Death to the diamond cartel.
In 5 years:
"Sure diamond is so cheap to make that we can now use it as a building material, but at what cost?"
Wow ok, being a millennial is a thankless job I guess. You're all welcome
Right? It used to be millennials are ruining the restaurant industry, or the murdering children industry, but no. Now China is to blame... Thanks Obamna