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144,079 Views ā¢ Aug 14, 2021 ā¢ Click to toggle off description
But this is āalmostā entirely bullshit.
For starters the de-beers corporation only controls a fraction of the diamond market these daysā¦ but even putting that asideā¦
Diamonds are graded using the 4 cāsā¦ Carat, Cut, Clarity and Color.
While itās true that ādiamondā as a material is extremely abundant in the earths surface, it is INCREDIBLY rare to find this NATURALLY occurring material WITHOUT NATURALLY occurring defects.
A 0.5 Carat diamond with some coloration and impurities, sure, thatās a dime a dozen, but these types of stones really arenāt āTHATā expensive especially when you consider the man-hours and precious metals that go into the rest of a ring.
A 4-carat flawless, colorless diamond, well thatās a one in billion in nature. That kind of diamond is rarer and more desirable than a PSA 10 first edition Charizard and itās priced as such. Got it? Great I donāt want to hear any of you complaining on Reddit about how common diamonds are.
#Shorts
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Link To "The Capitalists" Discord where I hang out with other creators - discord.gg/8MeNJ7gfSR
Views : 144,079
Genre: Education
Date of upload: Aug 14, 2021 ^^
Rating : 4.573 (620/5,183 LTDR)
89.32% of the users lieked the video!!
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User score: 83.98- Overwhelmingly Positive
RYD date created : 2022-02-25T08:11:07.119284Z
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YouTube Comments - 395 Comments
Top Comments of this video!! :3
I vote we move away from Diamonds in rings, and we instead transitions to proposing with Ring Pops. Cheaper, and tasty!
499 |
its still a scam mate your still paying for a freaking useless stone.
and if you want to use it for equipment it becomes instantly cheap.
433 |
Now with artificial diamonds selling so much less, I will still call this man made marketing BS.
18 |
We literally can make diamonds now. They aren't rare.
128 |
I mean, DeBeers creating artificial scarcity in the past, pumping a fortune into making diamond rings desirable and so on could explain why the price is still so high these days - because people view them as luxury products and because they used to be high in the past...
221 |
Isn't DeBeers still responsible for creating the bullhonky "tradition" of engagement rings? Either way, diamonds are stupid. Pick whatever shiny lab rock for rings.
100 |
The problem is resell value, the brainwashing, and the arbitrary devaluing of lab made diamonds which are objectively higher quality but not "rarer".
74 |
Well, diamond is common tbh. Take into consideration artificial diamond. You can make a diamond with the significant reduction both in enviormental cost and logistical cost.
25 |
Iād take a charizard over a diamond any day š
205 |
Yeah, I hear everything you're saying about the colorless ones without defects. Now...try selling it back after purchasing and tell me how much you can get for it? Yeah....funny you didn't mention that part...
32 |
Weird arguments, thatās like saying cars are rare, just look at this Koenigsegg.
48 |
Theyāre pretty useful as well, being able to make a diamond sword so I can kill more sheep for wool
65 |
why buy a real diamond when you can buy high quality synthetic fake diamond for 10% of the price and no one can tell the difference
52 |
Fair enough. But the fact that you can now create diamond in a lab should be enough to make these things far less valuable.
11 |
This video makes a lot of sense, especially after de beers confessing they created the fake scarcity and telling how they manipulated the market! Also, diamonds are not that rare! You can even produce them artificially, and even an expert would have a hard time telling a natural and artificial one apart!
So yes, this video makes a lot of sense!!
43 |
Aren't lab grown diamonds just as good as regular ones now though, that's my gripe with it. Colour, carat, clarity etc can be near perfect in labs but those are worthless
9 |
Up to you to decide if they are a better investment than the Charizard Card.
21 |
They can make perfect diamonds in labs how is that one in a million
4 |
After finding out the resale value tanked, I will never buy another.
2 |
@aBusybee
2 years ago
I feel you missed the point. The market is flooded with diamonds. There is little to no demand for the resale of diamonds. If they were truly scarce and in demand, they would have similar value to silver, gold, and platinum, they don't. You also don't understand that just because debeers doesn't have a monopoly on diamonds, they still play a large role in artificial scarcity. They buy up some of the highest rated natural diamonds for their collections. Anyway, the whole thing is ridiculous. I bought my fiancee an engagement ring with a moissanite stone. It's shinier, was considerably more affordable, and bigger than any diamond I could have afforded. It's lab made and the whole ring and stone cost me one paycheck. My fiancee loves it.
627 |