WTF?!? "Woke diamonds" - Pandora, World's Biggest Jewelry Maker, Will Stop Using Mined Diamonds
- Thread starter Dennis Olson
- Start date
Melodi
Disaster Cat
Some of you here may remember that about a decade ago NIghtwolf had a jewelry business with a partner and this was already in the cards then so this really isn't new.
What is new are the astronomical prices being quoted here for jewelry made using lab-grown diamonds, the original idea was that those would be relatively inexpensive since they don't cost that much to make, and as has been pointed out even experts can't always tell the lab-created ones made today from those in the mines.
Nightwolf was looking forward to being able to work with "affordable" diamonds, at least on a par with a lot of other precious stones but it looks like the jewelry companies are going to try their own version of price inflation if they can get away with it.
Diamonds have been falling in popularity for quite a while now (in terms of the jewelry industry) partly because people figured out what Dennis said, that really even the mined ones are really pretty worthless it is just that DeBeers kept the prices up by controlling the market.
There is also the "blood diamond" aspect but among serious jewelry people, the flight from diamonds seemed to be more about their almost certain collapse in value at some point (due to over-supply and competition from lab-created ones) much more than the "blood" aspect.
I only have a lovely diamond and gold set on my fingers because my Mom gave me she's when she became a widow and when the 50 dollar wedding rings are us at from the Mall "special" we used for our legal wedding in Cambridge England finally fell apart after 20 years, I started wearing my Mother's set.
What is new are the astronomical prices being quoted here for jewelry made using lab-grown diamonds, the original idea was that those would be relatively inexpensive since they don't cost that much to make, and as has been pointed out even experts can't always tell the lab-created ones made today from those in the mines.
Nightwolf was looking forward to being able to work with "affordable" diamonds, at least on a par with a lot of other precious stones but it looks like the jewelry companies are going to try their own version of price inflation if they can get away with it.
Diamonds have been falling in popularity for quite a while now (in terms of the jewelry industry) partly because people figured out what Dennis said, that really even the mined ones are really pretty worthless it is just that DeBeers kept the prices up by controlling the market.
There is also the "blood diamond" aspect but among serious jewelry people, the flight from diamonds seemed to be more about their almost certain collapse in value at some point (due to over-supply and competition from lab-created ones) much more than the "blood" aspect.
I only have a lovely diamond and gold set on my fingers because my Mom gave me she's when she became a widow and when the 50 dollar wedding rings are us at from the Mall "special" we used for our legal wedding in Cambridge England finally fell apart after 20 years, I started wearing my Mother's set.