Diamonds Are Dumb And Here Is Why

We all know that the diamond engagement ring is an invention of De Beers but it’s good to be reminded of that sometimes and actually all the time, especially if maybe you’re, like, wanting a diamond ring, or feeling bad about not having a diamond ring, or stressing because you feel like you need to buy someone a diamond ring. You don’t!

Rohin Dhar explains all the reasons why — without even getting to talking about BLOOD DIAMONDS — at Priceonomics. The post is readable and fun! Nothing is what it seems! Everything is manufactured! We are all PAWNS! (“Diamonds are not actually scarce, make a terrible investment, and are purely valuable as a status symbol. Diamonds, to put it delicately, are bullshit.”)

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