this post was submitted on 07 Sep 2023
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The minority of all people think like this. people love scarcity even if it's completely artificial. It's just so they can show off their "wealth".
The sneaker resale market is the dumbest shit I've ever heard of, yet it's a billions of dollars industry, just because people are dumb like that.
Same reason why De Beers or Luxottica make so much money for seemingly no reason, because people love it.
Moissanite and artifical gems will forever be a knockoff in the eyes if these people.
Diamonds are the NFTs of commodities.
If the "peasants can afford it" it's not desirable.
As I understand it the artificial diamond industry has gotten so good, they can now even create diamonds with imperfections that mimic natural diamonds. To the point where the only way they can tell the difference is to micro etch something on the natural diamonds.
yeah it's ridiculous