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☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year 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 · 1 year 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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    1 year 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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      1 year ago

      exactly

  • ShinkanTrain@lemmy.ml
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    1 year ago

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

    • Dessalines@lemmy.ml
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      1 year ago

    • tiredturtle@lemmy.ml
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      1 year ago

      Some labor abuse can probably be arranged

  • Dr. Wesker@lemmy.sdf.org
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    1 year ago

    Blame? Sounds like it might be a good thing?

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      1 year 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.

    • Cowbee [he/they]@lemmy.ml
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      1 year ago

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

  • PolandIsAStateOfMind@lemmy.ml
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    1 year ago

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

  • Kacarott@aussie.zone
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    1 year ago

    Is china to thank?

    FTFW

  • ef9357@lemmy.sdf.org
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    1 year ago

    Good.

  • Mycatiskai
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    1 year 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.

  • Tiefling IRL@lemmy.blahaj.zone
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    1 year ago

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

  • Trilobite@lemm.ee
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    1 year ago

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

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