De Beers Pulls "Last Resort" Price Cut As Diamond Price-Floor Crumbles
(www.zerohedge.com)
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Except for a few industrial uses, diamonds have little intrinsic value. People seek after them because they are shiny objects and are considered "rate"... although part of that perceived rarity is due to a tightly manipulated market. I'd rather hold gold and silver.
Never liked diamonds and never asked for them.
My husband calls me a cheap date.
Funny but my wife says she doesn't like diamonds either. She prefers colored stones like emeralds and rubies.
My wifes ring is silver with a quartz, 100 dollar ring. She doesn't impress people with fancy stuff.