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A meme is an idea, behavior, or style that spreads by means of imitation from person to person within a culture and often carries symbolic meaning representing a particular phenomenon or theme.

An Internet meme or meme, is a cultural item that is spread via the Internet, often through social media platforms. The name is by the concept of memes proposed by Richard Dawkins in 1972. Internet memes can take various forms, such as images, videos, GIFs, and various other viral sensations.

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Diamond market (slrpnk.net)

submitted 2 days ago by ByteOnBikes@slrpnk.net to c/memes@sopuli.xyz

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[–] southsamurai@sh.itjust.works -1 points 2 days ago (1 children)

1/10 the price of what though? Retail, wholesale, or something like that , I assume.

Which is fine, since you were responding to a vague two sentence comment. I should have done my usual long comment instead, it just isn't something I really care about, so I kept it short. Damned if you do, damned if you don't in that regard. Go mid to long, you have morons whining about the Kenney length. Go short, and someone is going to poke at it in one way or another.

I'm just glad the person poking at it was neutral to friendly about it :)

But, 1/10 the price of mined diamonds is still 1/10 the grossly inflated price of mined diamonds, not what they should cost based on a semi-fair market rather than the bullshit the diamond market is.

Making the diamonds still isn't cheaper than pulling them out of the ground. I'm not aware of energy usage, environmental impact, or anything like that, but in terms of the production costs only.

That's why man-made is cheaper; they're competing against a rigidly corrupt and price fixed market.

Mind you, I also couldn't tell you what the cost of mining the diamonds would be if slave labor wasn't involved either. Could be that with fair wages, safety measures, etc, manmade would totally undercut natural again.

There, that's the ten cent version instead of the penny cent version. Not gonna waste anyone's time on the buck fifty version because I doubt anyone else cares, and I don't care enough :)

[–] FlyingSquid@lemmy.world 4 points 2 days ago* (last edited 2 days ago)

As a rule of thumb, man-made diamonds on average sell for about 10% the cost of natural diamonds. A year ago, they cost about 20%-30% of the price, according to Diamond Hedge.

A natural 2-carat, round-cut diamond with a high-quality color and clarity rating costs about $13,000-14,000, whereas the equivalent lab-grown diamond sells for about $1,000, according to Sompura.

https://www.cbsnews.com/news/cost-natural-lab-diamond/

Edit: That article is a year old. It could be down to 5% now at the rate it dropped already.