It’s peak wedding season again. Since I got married earlier than all of my friends, I have become somewhat of a resource on weddings and such. It took me a while to formulate my opinion on this, but this is basically what I tell people now:
First, let’s get some things out of the way. Yes, diamonds are essentially very organized carbon atoms. Nobody can tell it apart from a lab-created one or even cubic zirconia. It’s a horrible financial investment. De Beers has a virtual monopoly on the diamond trade, and does it’s best to create a false scarcity of diamonds. Those “Diamonds are Forever” commercials are some of the best marketing I’ve ever seen.
[Read more…]