dirtdobber
Joined 2 years ago
Joined 2 years ago
Are you asking me for a non-hypocritical position on the diamond market? My position is simply that natural diamonds are a luxury item. Claiming that there's suffering involved in obtaining natural diamonds and therefore you should only purchase synthetic (non-luxury) diamonds, is a view that is inconsistent with the way most people live. Otherwise, we'd all stop buying clothes, shoes, cell phones, coffee, etc. Essentially every product you use, unless you take extreme care, involves human trafficking at some point in the supply chain.
Or, is some level of human suffering ok for you to have the luxury of using an iPhone?
I think you're misunderstanding my point. My point was not that there's not human suffering in the diamond industry, nor that it isn't bad. My point is that you, a person that cannot afford expensive natural diamonds (speaking statistically here, I don't know you personally), probably should not cast moral judgments on others that can and do purchase expensive natural diamonds. This is due to the fact that you, a person that can afford a cell phone, chooses to purchase a cell phone, despite that industry experiencing similar levels of human suffering. Therefore, I am forced to believe that in the counterfactual world where you can afford expensive diamonds, you would buy them.
Except they're not functionally identical. Natural diamonds function in society as a luxury item. Synthetic diamonds have always functioned as a utility item (used in chainsaw blades, for example). Synthetic diamonds certainly do not function as a luxury item and they're not marketed to people with money.
Look, I have no problem with synthetic diamonds in the same way that I have no problem with reprints of Salvador Dali paintings. But, the market for original Salvador Dali paintings is very different than the market for reprints even though they might appear "functionally identical."
Dude, the copper in your phone required untold human suffering and exploitation to acquire.
You want to profess some grand moral judgement about purchasing mined minerals, but I guarantee all of that moral judgment goes out the door when it comes to products that you can afford and want to buy.
Rolex doesn't put synthetic diamonds on watches. Cartier doesn't put synthetic diamonds on bracelets. Tiffany's won't put synthetic diamonds on rings.
If you think that natural diamonds are trending towards no longer being a luxury item, then don't buy them at all (why purchase a synthetic one if you think the diamond market is just a marketing ruse anyways?)
I've never met someone that bought a synthetic diamond that didn't immediately try to justify it. I think that says a lot.
Some women would honestly prefer a 0.5-1.0ct natural vs a 2.5ct synthetic.
In any case, the ring is for her, so I'd recommend making sure she's on board with what you're thinking.
Regardless, I view natural diamonds as having "real" value in the luxury space and synthetics as... Not.
If case 2 happens, it just means that diamonds get replaced with something else like gold, and gold luxury items become much more expensive. In any case, your future wife probably doesn't really want that massive synthetic diamond. It's a human thing, whether we (the HN crowd) think it's ridiculous or not.
I know a jeweler personally that sells synthetic and natural diamonds. He can spot the difference from a mile away between a synthetic and a natural diamond (synthetics look extremely pure and have no flaws). His wealthy clients buy natural diamonds. Not because it's a "better investment" but because they can.
If you can buy a knockoff Louis Vuitton for 5% of the cost of the real one, great, go for it! Most people won't be able to tell the difference (I certainly can't). But the market for authentic Louis Vuitton isn't going anywhere, and the people that can afford it will buy the real ones, and the people that can't will buy the fake ones.
As long as there's a distinction between natural and synthetic, synthetic diamonds will drop to a dollar a carat while naturals only become more of a status symbol.
EDIT: changed real to natural when referring to diamonds