Engagement Rings
Posted: April 20th, 2013, 9:55 pm
Diamonds have been marketed as a precious gemstone and a rare gemstone. That is a fallacy. Russia has trillions of carats and enough to flood the market making even the highest quality diamonds cheap. The DeBeers Cartel controls and manipulates most of the other diamond producing mines. There is no free market in diamonds. The resale market for diamonds is very low. There are rarer and more precious stones. I read somewhere that many diamonds, especially high quality diamonds are sent to repositories.
Diamonds are a symbol of wealth but why? In the distant past there were only a few select mines in the world that produced diamonds. Things changed and it's price should have become close to zero just like fiat. Now it's just a marketing scam designed to create perceived wealth and value.
Is it only Western Women that demand a diamond engagement ring or do women everywhere in the world expect a diamond engagement ring or diamonds? What about demanding gold or platinum engagement ring?
Wouldn't the money be better used if it went towards an engagement ring with a gemstone with more value? Diamonds are one of the least valuable gemstones in real terms.
Young couples can't afford gold or platinum engagement rings, and diamonds are a waste of money. Wouldn't an attractive and reasonably priced engagement ring be best for young couples? Such as a silver and garnet engagement ring? If the money could be used for them to become established wouldn't that be the better choice?
In the past women didn't expect men to spend months of savings on a ring. They would be happy with a nice ring, a good husband, and knowing he would give a stable home. Once they were established and he had more money then more expensive jewelry would come, and maybe an upgrade ring for an anniversary.
http://www.wisebread.com/the-greatest-s ... d-in-blood
http://www.dailymail.co.uk/news/article ... years.html
http://welcometomysoapbox.blogspot.com/ ... -scam.html
Diamonds are a symbol of wealth but why? In the distant past there were only a few select mines in the world that produced diamonds. Things changed and it's price should have become close to zero just like fiat. Now it's just a marketing scam designed to create perceived wealth and value.
Is it only Western Women that demand a diamond engagement ring or do women everywhere in the world expect a diamond engagement ring or diamonds? What about demanding gold or platinum engagement ring?
Wouldn't the money be better used if it went towards an engagement ring with a gemstone with more value? Diamonds are one of the least valuable gemstones in real terms.
Young couples can't afford gold or platinum engagement rings, and diamonds are a waste of money. Wouldn't an attractive and reasonably priced engagement ring be best for young couples? Such as a silver and garnet engagement ring? If the money could be used for them to become established wouldn't that be the better choice?
In the past women didn't expect men to spend months of savings on a ring. They would be happy with a nice ring, a good husband, and knowing he would give a stable home. Once they were established and he had more money then more expensive jewelry would come, and maybe an upgrade ring for an anniversary.
http://www.wisebread.com/the-greatest-s ... d-in-blood
http://www.dailymail.co.uk/news/article ... years.html
http://welcometomysoapbox.blogspot.com/ ... -scam.html