SDF Chatter
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 4 months ago

Diamonds are plunging in value around the world. Is China to blame?

www.scmp.com

external-link
message-square
20
fedilink
  • cross-posted to:
  • news@hexbear.net
  • worldnews@lemmygrad.ml
47
external-link

Diamonds are plunging in value around the world. Is China to blame?

www.scmp.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 4 months ago
message-square
20
fedilink
  • cross-posted to:
  • news@hexbear.net
  • worldnews@lemmygrad.ml
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.
alert-triangle
You must log in or register to comment.
  • Vaggumon@lemm.ee
    link
    fedilink
    arrow-up
    50
    ·
    4 months ago

    I don’t care who is to blame, I’m just glad the carbon garbage industry is dying.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
      link
      fedilink
      arrow-up
      24
      ·
      4 months ago

      exactly

  • Dr. Wesker
    link
    fedilink
    English
    arrow-up
    37
    ·
    4 months ago

    Blame? Sounds like it might be a good thing?

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
      link
      fedilink
      arrow-up
      38
      ·
      4 months 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
      link
      fedilink
      arrow-up
      9
      ·
      4 months ago

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

  • ShinkanTrain@lemmy.ml
    link
    fedilink
    English
    arrow-up
    33
    ·
    4 months ago

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

    • Dessalines@lemmy.ml
      link
      fedilink
      arrow-up
      17
      ·
      4 months ago

    • tiredturtle@lemmy.ml
      link
      fedilink
      arrow-up
      1
      ·
      4 months ago

      Some labor abuse can probably be arranged

  • FALGSConaut [comrade/them]@hexbear.net
    link
    fedilink
    English
    arrow-up
    26
    ·
    4 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

    • Horse {they/them}@lemmygrad.ml
      link
      fedilink
      English
      arrow-up
      15
      ·
      4 months ago

      Which is funny because caviar, like lobster, began as a shitty food for us poors until the rich gentrified it

  • PolandIsAStateOfMind@lemmy.ml
    link
    fedilink
    arrow-up
    25
    ·
    edit-2
    4 months ago

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

  • ToxicDivinity [comrade/them]@hexbear.net
    link
    fedilink
    English
    arrow-up
    23
    ·
    4 months ago

    Diamonds are plunging in value cheaper than ever around the world. Is China to blame? the hero?

  • Rom [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    21
    ·
    edit-2
    4 months ago

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

  • Tiefling IRL@lemmy.blahaj.zone
    link
    fedilink
    arrow-up
    18
    ·
    4 months ago

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

    • rando895@lemmygrad.ml
      link
      fedilink
      arrow-up
      2
      ·
      4 months ago

      Right? It used to be millennials are ruining the restaurant industry, or the murdering children industry, but no. Now China is to blame… Thanks Obamna

  • ShimmeringKoi [comrade/them]@hexbear.net
    link
    fedilink
    English
    arrow-up
    18
    ·
    edit-2
    4 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?”

  • ef9357
    link
    fedilink
    arrow-up
    16
    ·
    4 months ago

    Good.

  • Kacarott@aussie.zone
    link
    fedilink
    arrow-up
    16
    ·
    4 months ago

    Is china to thank?

    FTFW

  • Mycatiskai@lemmy.ca
    link
    fedilink
    arrow-up
    14
    ·
    4 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
    link
    fedilink
    arrow-up
    6
    ·
    4 months ago

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

World News@lemmy.ml

worldnews@lemmy.ml

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !worldnews@lemmy.ml

News from around the world!

Rules:

  • Please only post links to actual news sources, no tabloid sites, etc

  • No NSFW content

  • No hate speech, bigotry, propaganda, etc

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 1.08K users / day
  • 2.59K users / week
  • 4.97K users / month
  • 13.2K users / 6 months
  • 379 local subscribers
  • 36K subscribers
  • 14.5K Posts
  • 141K Comments
  • Modlog
  • mods:
  • Rumblestiltskin@lemmy.ml
  • AgreeableLandscape@lemmy.ml
  • Jack.@lemmy.ml
  • zephyreks@lemmy.ml
  • OurToothbrush@lemmy.ml
  • BE: 0.19.8
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org