We have discussed the diamond engagement ring scam in the past, and how diamond rings cater to the worst vain and narcissistic traits, and how man-made diamonds have improved in quality compared to in yesteryear, and how some have mused on whether costly engagement rings are preventing people from marrying – not surprising, given that de Beers has been pushing not two months‘ salary but three months‘ salary as ideal (apparently in Japan this is now the norm; no wonder Japanese men are becoming even more ‘herbivore‘ and now their women are imitating Western ones in self-marriages).
A friend of mine pointed me recently to some good news I’d missed from 2015, that de Beers had cut production, due to decreased sales.
He also pointed me to a story from earlier this year which I’d also missed about the huge growth in the lab-grown, i.e. man-made, diamond market.
*Update*: Commenter Alexander also pointed me to this ZeroHedge story from a week ago.
Very encouraging news! 🙂