The Great Diamond Scam: How Marketing Made a Common Rock 'Precious'.
Recurring Themes/Questions Identified:
- Is X (e.g., diamonds, expensive brands, specific industries) a scam?
- Why is X so expensive? Is the price justified?
- What's the history behind X's value or perception? (e.g., De Beers' marketing)
- Are there better or cheaper alternatives to X? (e.g., lab-grown diamonds, other gemstones)
- Am I losing money if I buy X? (Resale value concerns)
- How much of X's value is perception vs. intrinsic worth?
Content Idea Schemes & Target Audiences:
-
Content Idea Scheme: The "Industry Unveiled" Series
- Concept: A series of deep dives into industries or products where consumers often question the value or suspect price manipulation. Each piece would explore the history, economics, marketing tactics, and true value proposition.
- Example Titles based on the Diamond Analysis:
- "The Diamond Deception: How Marketing Turned Carbon into a Symbol of Eternal Love (and Profit)"
- "Beyond the Sparkle: Are You Really Getting Your Money's Worth with Diamonds?"
- "De Beers & The Diamond Cartel: The Secret History of Price Inflation"
- Potential Future Titles (applying the scheme):
- "The Luxury Handbag Hype: Investment or Just Inflated Leather?"
- "Printer Ink: Liquid Gold or Calculated Rip-off?"
- "The Organic Food Premium: Health Benefit or Marketing Ploy?"
- Target Audience:
- Consumers considering a purchase: (e.g., engaged couples, luxury shoppers).
- Skeptical individuals: People who generally question marketing narratives and high price tags.
- Marketing & Economics enthusiasts: Those interested in how prices are set, brands are built, and consumer perception is shaped.
- History buffs: For content that delves into the historical manipulation or creation of markets.
-
Content Idea Scheme: "Explain Like I'm 5 (ELI5): The Truth About..."
- Concept: Simplifying complex topics where users express confusion or want a basic understanding of why things are the way they are, especially concerning cost or perceived value.
- Example Titles based on the Diamond Analysis:
- "ELI5: Why Are Diamonds So Expensive if They're 'Not That Rare'?"
- "ELI5: Lab-Grown vs. Natural Diamonds - What's the Real Difference (and Does it Matter)?"
- Potential Future Titles (applying the scheme):
- "ELI5: Why Does My Health Insurance Cost So Much and Cover So Little?"
- "ELI5: The Stock Market - Is it Just Gambling for Grown-Ups?"
- "ELI5: Cryptocurrency - What Is It Actually Good For?"
- Target Audience:
- General public: Anyone feeling overwhelmed by jargon or complex explanations.
- Newcomers to a topic: Individuals trying to get a foundational understanding.
- Users explicitly asking for simple explanations.
-
Content Idea Scheme: "Smart Alternatives & Value Hacks"
- Concept: For topics where users question the traditional high-cost option and express interest in or suggest alternatives, this content provides actionable advice.
- Example Titles based on the Diamond Analysis:
- "Beyond Diamonds: Beautiful & Affordable Engagement Ring Stones That Won't Break the Bank"
- "The Rise of Lab-Grown: Why Smart Buyers Are Ditching Mined Diamonds"
- "How to Get Luxe Looks for Less: Diamond Edition (and Other Jewelry)"
- Potential Future Titles (applying the scheme):
- "Ditch the Designer Price Tag: High-Quality Dupes & Affordable Luxury Finds"
- "Cutting Cable: The Best Streaming Service Combos to Save You Money"
- "DIY vs. Pro: When is it Cheaper (and Smarter) to Do It Yourself?"
- Target Audience:
- Budget-conscious consumers: People actively looking for ways to save money without sacrificing quality or desired outcomes.
- Ethically-minded consumers: (e.g., those preferring lab-grown for ethical reasons).
- Practical individuals: Those who prioritize function and value over brand names or tradition.
These schemes aim to tap into the powerful "is it a scam?" curiosity and the desire for transparency, value, and understanding that the diamond post highlighted so effectively.
Origin Reddit Post
r/nostupidquestions
Is it me or are expensive diamond rings a scam?
Posted by u/HiscoreGiraffe•06/10/2025
In your opinion do people get mass scammed when they enter the market to buy high end jewellery or is it objectively worth the multiple 1,000s price tag in the end?
Top Comments
u/Reasonable_Air3580
Whenever I'm at some jewelry store the salesperson would always try to lure me to their diamond collection. My wife, an extremely rational woman, almost melts at the sight of those.
I alway
u/psychosis_inducing
It's not just you.
u/frontbumkisses
They are a scam for the price they charge, Ruby's, sapphire, emeralds are better value for money and I think they look nicer.
u/iball1984
Long read, but https://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/304575/.
Explains the answer to your question.
In short - yes they're overvalued.
u/FlaminFlabbarghast
Diamond values are one of the biggest scams around. Gems are hoarded and doled out drip by drip and are bought for little and sold a fortune. Stay away.
u/CyberPunkDarkSynth
It’s a scam. Yes
u/Warm_Objective4162
The lab grown market has tanked the price of diamonds. At this point, the gold in the ring costs about as much as the stone.
u/gadget850
All diamond rings are a scam.
u/NoFewSatan
It's not a scam, no.
u/Cebuanolearner
Absolute scam, I told my wife I wasn't buying yet diamonds for this exact reason.
u/Chef55674
Diamonds have always been a scam, They are not rare as they are made out to be. DeBeers/the Diamond Cartel artificially controlled supply to get prices up.
u/Jappie_nl
Well she's allready married to you so she allready knew this from her engagement ring ;-)
u/Fairy-Fudge1616
De Beers' 'diamonds are forever' is the biggest marketing scam in history. Love doesn't have a price tag.
u/HopePractical4115
De Beers literally engineered the 'diamonds = love' concept. It's all about perception, not worth.
u/Blitzer046
Like cars, diamonds lost a significant portion of their value once they leave the shop.
Diamond sellers are artificially inflating the price by hoarding stock.
The idea that one must spen
u/ExpertPath
Diamonds aren't rare - They're just tightly controlled by large trading bodies
u/Dilettante
It's well known that the price of diamonds is artificially heightened. You lose most of the value of the diamond as soon as you buy it.
u/Robie_John
They are not artificial; they are lab-grown. Huge difference.
u/ElowenTrace
So, financially speaking, diamonds ain't the investment ppl think they are. If u try to sell one later, u're probs gonna lose cash. But if someone digs diamonds and it makes them feel awesome
u/ghuntex
If your partner only cares for the price of the ring its not worth anything
u/The-Batt
At the end of the day, it is just a rock. A very shiny, pretty rock, but still a rock.
u/HiscoreGiraffe
Let’s suppose a really expensive ring is ‘worth’ $16,000 for example.
Beyond the $1,000 what is it that is tangible or recognisable (viewable) are you paying the extra for?
Obviously some p
u/lostrandomdude
Also artificial diamonds are better looking and cheaper than mined diamonds
u/Ok_Beyond3964
Natural diamonds have been quite expensive in the past due to the rarity of finding good quality cuts. Is it a scam? Perhaps, depends on how you're looking at it. At the beginning, diamond ri