Comment by plokiju

Maybe for now. But I think there's a good chance the market for diamonds goes the same way as the former status symbols that became common, like purple dye[1], or pineapples[2]

[1] https://www.reddit.com/r/explainlikeimfive/comments/1c05ako/...

[2] https://www.bbc.com/news/uk-england-53432877