Diamond prices are down 60% since a 2011 high, and they are still falling. It's not all down to lab-grown diamonds, demand is down too, especially in China.

No one can lab-grow gold yet, so its rarity and scarcity protect its value, but that will end too. It's just a question of when. China launched an asteroid touch-down mission this week, which will make it the 4th country/region to do so, after Europe, the US & Japan.

How soon will it be feasible to mine asteroids? Who knows, but a breakthrough in space propulsion might mean the prospect happens quickly when it does. It's possible gold has twenty years or less of being high value left.

The $80 Billion Diamond Market Crash Leaves De Beers Reeling

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[–] Horse@lemmygrad.ml 19 points 4 days ago (1 children)

while it is a very large deposit, at current consumption rates it won't last all that long

[–] sisatici@hexbear.net 19 points 4 days ago (1 children)

I dream of the day where we can use gold for its anti corrosion capabilities in industries

[–] Le_Wokisme@hexbear.net 21 points 4 days ago

gold plated everything not because we're being fancy but because shit is as cheap as aluminium