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Uncle_Billy_Slumming
03/24/09

In reply to Diamonds Surprisingly Unpopular Now
Does this mean that a briefcase full of diamonds is no longer a good way to carry your life's work to another country for tax purposes?
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miss_msry
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
De Beers, if no one is buying, owning 80% of the diamonds in the world, means you own 80% of nothing.
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jjason82
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
I've never understood why people think that diamonds are a good investment. They aren't. Have you ever tried to resell your old diamond jewlry? You'll only get a fraction of what you paid originally. They plummet in value. The fact that they are not only a good investment but rare and valuable is a giant lie concocted by the diamond industry in the first place.
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Tart of Darkness
03/23/09

@jjason82: They think that because jewelers tell them that. And once they understand those 4C's and have the pamphlet all memorized and have taken out more credit than they can imagine to buy them, they have to believe that they are a good investment or they would feel like fools.
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miss_msry
03/23/09

@jjason82:

They might be a good investment if you have to flee the Nazis.
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Schm
03/24/09

@Tart of Darkness: THANK YOU. I made an offhand comment in front of my married friend, without thinking, about how I don't like diamonds and would never want one if I got married. She immediately got offended and went into a smug diatribe about how it represents their future because it's such a big responsible investment, blablahblah. You know, something a loser single who drinks juice out of a bowl like myself would never understand.

Anyway, I tried asking her how exactly this is a smart investment and she basically just quoted whatever bullshit the diamond company told them. Sigh.
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Stan Scott
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
Diamonds have little RESALE value, which makes them a very bad investment.

Sooner or later, people are going to realize that synthetic diamonds are quickly becoming indistinguishable from natural diamonds, and then the game will really be up. You can't wear your "Certificate of Authenticity" around town, now can you?
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krismry
03/23/09

@Stan Scott: yep if you try to sell one you soon find out you just spent a thousand dollars on a hundred dollar rock, XD
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logicalnoise
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
maybe if de beers would price appropiately then people might be interested. instead diamonds are among the most overvalued mined subatances on earth. a ruuby is far more rare than a diamond and yet diamonds are more treaured because de beers locks up 80% of their stock for decades before selling.
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krismry
03/23/09

@logicalnoise: yep it was just advertising and marketing that convinced anyone they needed a diamond for anything.
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Uncle_Billy_Slumming
03/24/09

@logicalnoise:

Yes! Someone else who gets the scam.
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pleppy
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
dude, they totally lock up the deodorant in my local CVS, no lie. that and razors. condoms are unlocked, but you have to turn this big weird dial that makes a long, loud cranking noise, so that everyone within 3 aisles knows you've chosen the extra sensitive lubricateds or whatever.

viva la recession!
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Tart of Darkness
03/23/09

@pleppy: You would think just to be socially responsible they would give condoms away, you know?
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enriquez the water bottle
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
Working in the internet jewelry business, our sales increased quite a bit over last year. HOWEVER, we are also selling at low margins, which many jewelry stores do not.

Lesson, diamonds, like anything, will sell, but you can't price them to the high heavens.
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sample032
03/23/09

@enriquez the water bottle: I was driving around a friend who was car shopping. I told one salesman something like "Even I [who wasn't in the market for a new car] would buy it at some price. $10k for a new Porsche? Show me where to sign."
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Tart of Darkness
03/23/09

@sample032: Car companies say they are desperate to sell and yet I suspect you did not come home with a new Porsche. Am I right?
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enriquez the water bottle
03/23/09

@sample032: @Tart of Darkness: Well, there's always costs you need to cover before you make money, so maybe a $10K Porsche ain't happening.

But, I do hear from customers that go into jewelry stores with our costs, and are told that "there's NO way [we] can sell diamonds at that price." But we do. This is why diamond stores can have "70% OFF!!" sales. Their margins are huge.
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Tart of Darkness
03/23/09

@enriquez the water bottle: But something that offsets your overhead is better than nothing that offsets your overhead, right? Or was my econ prof lying to me?
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RheaPollstry
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
That reminds me, it's time to haul out my summer diamonds. Summer diamonds, summer not.
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krismry
03/23/09

@RheaPollstry:sure, only a geologist could tell the diffrence.
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BaconCat
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
Knowing as I have for years that diamonds are inherently worthless and should cost about 2.75 a carat, I am very pleased by this news.
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krismry
03/23/09

@BaconCat: baconcat is right diamonds are pretty but you can make them in a lab now and it takes an expert to tell the diffrence, maybe thats why nobody really buys so many any more.
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Spirit Fingers
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
Yes, but will chalky, residuey, deodorant globules in a platinum setting be all the rage this year when Billy "The Biff" Manchestertaint pops the question to Belinda "Bitsy" RueMcClanahan?
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Tart of Darkness
03/23/09

@Spirit Fingers: I feel sorry for their grandchildren who will have to endure endless stories about living through the Great Depression and saving rubbing Grandma's ring into their armpits on special occasions only.
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Kid Twist
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
Diamonds are recession-proof because people are still going to need phonograph needles.
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The Real JR
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
Meanwhile, deodorant is crazy expensive. Seriously. I may have to go to one of those hippie stores and buy that big rock you have to wet and rub.
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LeftCoastLady
03/23/09

@The Real JR: Walgreens had an overstock sale on Degree Women's deodorant a few weeks back. It was marked half-off, so I have enough deodorant to last a while.
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MattGaymon
03/23/09

@The Real JR: That rock doesn't work unless you also have your sweat glands removed, and that'll set you back. But if you move forward with your purchase, they sell the rock at Duane Reade too.
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Tart of Darkness
03/23/09

@LeftCoastLady: Or to sell at an inflated price to desperate coworkers, eh?

I'm stocking up on toilet paper. Diamonds aren't even slightly useful when it comes to personal hygiene.
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friend_of_a_friend
03/23/09

@MattGaymon: Just go to your dermatologist and complain that you can't stop sweating, no matter how many products you use. Then get your insurance company to pay for underarm botox. Works every time.
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Mount_Prion
03/23/09

@friend_of_a_friend: Why is the idea of armpit-botulism so hilarious to me right now?
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MattGaymon
03/23/09

@friend_of_a_friend: Or I could volunteer at a homeless shelter.
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City_Dater
03/23/09

@The Real JR:

Since that rock doesn't work at all anyway, you could just rub your 'pits with stuff you might already have around the house and really save money.
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CaptainFantastic
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
Our contract specifically prohibited Crunk Jewelers from photographing the diamond encrusted dollar sign toilet seat I had them make for me. Don't worry, I've got people to keep the nooks and crannies clean and I aim fairly well.
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misslinda
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
You are so dead on accurate it's scary. I went to Rite-Aid yesterday with deoderant on my shopping list. I couldn't find it anywhere, it's usual shelf was stocked with crunchy snack treats. I finally found it LOCKED BEHIND PLEXIGLASS!!! With the razor blades and Things-You-Can-Huff! WTF?
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cmd
03/23/09

@misslinda: Considering the last time I went to Duane Reade I saw a guy shoplifting about 4 containers of deodorant, I'm really not surprised.
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jjason82
03/23/09

@cmd: My thought is that if somebody needs deoderant so bad that they're stealing it then they can just have it. Clearly they need it more than I do.
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Tart of Darkness
03/23/09

@misslinda: Right after I left this thread this morning and went to get dressed, I couldn't find my deodorant! I was certain I had left it on my dresser, but it wasn't there. Later I found it in the bathroom.

Later in the day someone at the barn told me I smelled nice and I got all paranoid trying to figure out what she meant. I finally decided it must be one of the four kinds of sunscreen I use.

Note to self: Move some money into sunscreen products.
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forwardmotion
03/24/09

@jjason82: I feel the same way when drugstores lock up contraceptives. FOR GOD'S SAKE JUST GIVE THEM THE CONDOMS.
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dado
03/23/09

In reply to Diamonds Surprisingly Unpopular Now
Why buy a diamond when all you have to do is put a piece of coal in Tim Geithner's rear end.
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Mount_Prion
03/23/09

@dado: Alternately, you can feed him dinosaur bones and metamucil and wait a few hours.
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