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☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 6 months ago

Diamonds are plunging in value around the world. Is China to blame?

www.scmp.com

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Diamonds are plunging in value around the world. Is China to blame?

www.scmp.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 6 months ago
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China’s demand for natural diamonds has ‘fallen off a cliff’ amid plunging marriage rates, while its factories are churning out synthetic alternatives that are up to 90 per cent cheaper.
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  • Trilobite@lemm.ee
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    6 months ago

    I cheer when these billion dollar scam industries get what they deserve I hope more are coming soon

  • Dr. Wesker@lemmy.sdf.org
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    6 months ago

    Blame? Sounds like it might be a good thing?

    • Cowbee [he/they]@lemmy.ml
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      6 months ago

      It’s the usual framing of whatever China does as bad, regardless of what it is.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      6 months ago

      It absolutely is a good thing, natural diamond industry is largely based on slave labor and it destroys the environment. There is absolutely no reason for it to exist when we can cheaply manufacture diamonds.

  • ef9357@lemmy.sdf.org
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    6 months ago

    Good.

  • Kacarott@aussie.zone
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    6 months ago

    Is china to thank?

    FTFW

  • Mycatiskai@lemmy.ca
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    6 months ago

    Fuck the diamond cartel up the ass.

    I bought an engagement ring many years back for around $2600 and when we broke up I went to a pawn shop and they offered $60 for the gold, the diamonds weren’t worth a thing.

  • ShimmeringKoi [comrade/them]@hexbear.net
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    6 months ago

    In 5 years:

    “Sure diamond is so cheap to make that we can now use it as a building material, but at what cost?”

  • Vaggumon@lemm.ee
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    6 months ago

    I don’t care who is to blame, I’m just glad the carbon garbage industry is dying.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      6 months ago

      exactly

  • Tiefling IRL@lemmy.blahaj.zone
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    6 months ago

    Wow ok, being a millennial is a thankless job I guess. You’re all welcome

  • Rom [he/him]@hexbear.net
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    6 months ago

    Yeah, okay, good.

  • ToxicDivinity [comrade/them]@hexbear.net
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    6 months ago

    Diamonds are plunging in value cheaper than ever around the world. Is China to blame? the hero?

  • PolandIsAStateOfMind@lemmy.ml
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    6 months ago

    Diamonds prices are falling. The horror, the dastardly Chinese…

  • ShinkanTrain@lemmy.ml
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    6 months ago

    Ok sweaty but it’s not a real diamond unless it was made with cruelty

    • Dessalines@lemmy.ml
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      6 months ago

  • FALGSConaut [comrade/them]@hexbear.net
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    6 months ago

    Ffs they did this same thing with caviar farming didn’t they? I swear I remember articles complaining about how farming caviar is bad because it makes it more accessible to the wider public instead of being a special rich person food

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