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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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  • 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

  • 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

    • tiredturtle@lemmy.ml
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      6 months ago

      Some labor abuse can probably be arranged

  • 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

  • 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?

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

    Yeah, okay, good. Diamonds are a scam. Death to the diamond cartel.

  • PolandIsAStateOfMind@lemmy.ml
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    6 months ago

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

  • 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?”

  • 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.

  • 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

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