Global Demand of Diamonds Down: Have consumers worldwide have finally realized that diamonds are worthless?

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Global Demand of Diamonds Down: Have consumers worldwide have finally realized that diamonds are worthless?

by SenorBabyMan Posted May 12, 2009 18:50:58

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One of the most expensive type of jewelry a women could get, has been affected the most thanks to the global recession. The demand for diamonds, has dropped the highest than any other gems. The world's famous diamond producer, De Beers, has nothing to do with all the diamonds that are for sale so the company is wrapping all the diamonds and locking them up in a vault. Have consumers worldwide have finally realized that diamonds are worthless?

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+2 raves Urara Kasuga May 12, 2009 20:43:59

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
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Jasmine June 09, 2009 03:48:14

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
Diamond mines in Russia, (Alrosa) and Africa (De Bers) are stockpiling diamonds right now so that they can drive prices up for the rest of us. Makes me wonder if diamonds are available in abundance but they are only holding out on us. That's why I like lab created sapphires.
god May 19, 2009 17:48:18

Answered: No. Diamonds are beautiful, but consumers can't afford it.
Not everyone is in to gems no matter what they are.
ciskederat May 16, 2009 01:49:40

Answered: No. Diamonds are beautiful, but consumers can't afford it.
ICE! - ICE ! - BABY!!!
Geenie Nabottle May 14, 2009 02:04:32

Answered: No. Diamonds are beautiful, but consumers can't afford it.
They will always be precious stones if for no other reason than their superior place on mohs scale of hardness
AmmoLou May 13, 2009 22:09:46 (edited)

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
I really wish you would have put none of the above. Most diamonds in the world are blood diamonds. Thats the slavery, poor condtions and starvation most workers go through. Canada has finally started their diamond business without the slavery and ALL of their diamonds are marked so you know they are NOT blood diamonds.
G May 13, 2009 07:53:46 (edited)

Answered: No. Diamonds are beautiful, but consumers can't afford it.
Things are only worth what people agree they're worth, and when people don't have money, necessities prevail. I don't think they're worth blood, ever, and I think ending the American import of blood diamonds was one of the Bush Administrations finer decisions.

Also, I find pearls to be a more attractive adornment.
Katrina May 13, 2009 04:18:38

Answered: No. Diamonds are beautiful, but consumers can't afford it.
Worthless or not I love my diamonds and if I get the chance I will put two to four diamonds in my dinner ring which started to be my engagement and wedding set and I had the diamonds put into a dinner ring and the left over gold was styled into a nugget. Love those diamonds
+1 raves
chas May 13, 2009 03:14:30

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
Maybe if I had LOTS of glass to cut, I'd buy one. Gold /Silver/platinum, are better investments.
+1 raves
cherokeefox May 13, 2009 02:51:11

Answered: No. Diamonds are beautiful, but consumers can't afford it.
You can't eat a diamonds.
iTonks May 13, 2009 00:08:20

Answered: No. Diamonds are beautiful, but consumers can't afford it.
Well, diamond are expensive. They are still beautiful and necessary. Diamonds are the strongest material and that's why they are very useful.
aquila0989 May 12, 2009 23:27:51

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
after i saw blood diamond i decided that i never want a diamond ring and told my boyfriend to never buy me one. cubic zirconia is the same thing except it's made in a lab! wake up people!
surfallday1 May 12, 2009 22:45:40

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
finally!! diamonds are boring and played out and plain tacky!!! god! why do people waste their time with them!! and I really just prepher rubies or saphires!!
tina May 12, 2009 22:07:55

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
costume jewelery looks just as good!!! and if you lose it who cares!!!
Brit May 12, 2009 21:21:21

Answered: No. Diamonds are beautiful, but consumers can't afford it.
diamonds r beautiful
Lgrthmc Spiral May 12, 2009 20:59:54 (edited)

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.

Not sexy & not worth the blood and lives of children.
+2 raves
Urara Kasuga May 12, 2009 20:43:59

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
moderated...
Heidi May 12, 2009 19:54:38

Answered: No. Diamonds are beautiful, but consumers can't afford it.
Which is more important to buy? Food, or pretty baubles? I vote for food - a far more pleasing belly filler, you think?
Lanikai May 12, 2009 19:46:41

Answered: No. Diamonds are beautiful, but consumers can't afford it.
Yep, we have finally realized they are too expensive. I don't have any diamonds, as I am unadorned. My hubby has never bought me one. Boo HOO
Warren - Novus Ordo Seclorum May 12, 2009 19:38:01

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
Something is worth whatever people are willing to pay for it. I think the main purpose of a diamond is to advertise to the world that "someone is willing to spend a lot of money on me".
Ptown27 May 12, 2009 19:36:53

Answered: No. Diamonds are beautiful, but consumers can't afford it.
Simply the economy. Nothing more.
IH - Lion of Light May 12, 2009 19:30:47

Answered: No. Diamonds are beautiful, but consumers can't afford it.
Luxury items...the first purchases to stop in a struggling ecomony.
+1 raves
JinFizz May 12, 2009 19:15:14

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
Basically, DeBeers held the diamond trade hostage for more years than I'd like to think about. The new man-made diamonds are far harder than mined diamonds and much less expensive...takes a trained eye to see the difference. I'm all for the diamond industry going bust....so much for blood diamonds...personally I'd rather have a pigeon blood ruby anyday (far more expensive than diamonds).
Bob™ the Union Ironworker May 12, 2009 19:13:28

Answered: No. Diamonds are beautiful, but consumers can't afford it.
demand sets price so maybe they will go down in price
Kat May 12, 2009 19:10:56

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
who was it that sang " I don't love a diamond, diamonds you see through. I want you to love me, I want you to care"?
+1 raves
explorer1618 May 12, 2009 19:08:42

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
Diamonds are not that rare just hard to get to !
Tsisquaya May 12, 2009 19:07:46 (edited)

Answered: No. Diamonds are beautiful, but consumers can't afford it.
They are purty but they are worthless as far as resale value goes.

I still like my bling though! If I can afford it, then I get it. ;-)

On a serious note though, I would rather buy gold...stocking up on it for many reasons..one of them being that it's shiny. *wink*
+1 raves
betz May 12, 2009 19:07:13

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
So why don't you go ahead and mail any you have to me? I'll take them off your hands. lol Got any like this one?
jeedai May 12, 2009 19:05:01

Answered: No. Diamonds are beautiful, but consumers can't afford it.
Worth is a concept invented by humanity, and thus objects are only worth what we *say* they are worth.

Diamonds are a precious resource, to be sure. Their density and natural hardness make them great augments for tools, for example.

Other than that, they really are just worth something because there's not alot of them on the market (though there are alot of them in the mines) and because of their cosmetic beauty.

Cheers.
+1 raves
royalbitch101 May 12, 2009 18:59:00

Answered: Yes. Consumers worldwide have finally realized that diamonds are worthless.
Diamonds are worthless it's just jewelry!!!!!!!!!!!!!!!!!!!