Diamonds aren't worth much because they're actually not that rare. The only reason they command the price they do now is because of the De Beers cartel.
The "diamond alternative" meme is becoming increasingly popular with our generation, such that I predict that in a few generations nobody will care to buy "real" diamonds for engagement purposes. When this happens, the price of diamonds will fall dramatically (if it hasn't already by that point).
almost nobody cared about diamonds 3 generations ago too. marketing, nothing more.
when I see women boasting with their ground diamond jewelry they are telling me couple of things: a) they are a bit ignorant; b) they have sheepish crowd mentality; c) they put too much emphasis on what others thing about themselves, which just shows other personality issues; d) and most importantly they are willingly supporting genocide and enslavement for all above
which is OK, good to know immediately who you are dealing with
The "diamond alternative" meme is becoming increasingly popular with our generation, such that I predict that in a few generations nobody will care to buy "real" diamonds for engagement purposes. When this happens, the price of diamonds will fall dramatically (if it hasn't already by that point).
Diamonds are so overrated.