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The falling price of diamonds (lemmy.ca)

submitted 11 months ago by otter@lemmy.ca to c/dataisbeautiful@mander.xyz

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[–] shoulderoforion@fedia.io 4 points 11 months ago (2 children)

according to that, natural diamonds seem to have bee pretty much on average holding their value, while lab grown rocks are bottoming out

[–] massive_bereavement@fedia.io 21 points 11 months ago (1 children)

Natural diamonds pricing is controlled by an oligopoly, so even if demand is down they might keep the price high for the purple of keeping diamonds as an expensive thing.

[–] xep@fedia.io 11 points 11 months ago

Yes, De Beers has manipulated the prices of natural diamonds before: https://en.wikipedia.org/wiki/De_Beers#21st-century_changes

[–] Cris_Color@lemmy.world 2 points 11 months ago* (last edited 11 months ago) (1 children)

I don't really buy my jewelry as an investment 😅 not sure I personally see the point in it holding its value

If I wanna get rid of it why buy it in the first place...?

[–] MutilationWave@lemmy.world 3 points 11 months ago

Of course this isn't true for any of us, but one of the reasons some people wear a lot of expensive jewelry is so they have something of value if they need to bug out quick. Also cops will steal all your cash but rarely your jewelry.