Sat May 11 2024, by Tyler Gardner

Ethical SpendingConsumer CultureFinancial DecisionsDiamondsMonopolies

The Most Unethical Money Decision: A Family Conversation

Hey Dad, what’s the most unethical thing you’ve ever done with money?

I bought your mother a lab-created diamond as her engagement ring, and she has no idea.

But you’ve all been married for 20 years.

Yep, and nobody's ever been able to tell the difference. Not even the professional jewelers who clean it once a year.

How Do You Sleep at Night?

I sleep knowing that I saved 70% on that ring, and I didn’t contribute to the profit margins of the world’s most unethical monopolistic company.

De Beers and the Diamond Monopoly

De Beers? They control over 80% of the world’s diamond supply, and most of those luxury gemstones are just sitting in a box somewhere to keep supply artificially low. This, in turn, keeps demand and price artificially high.

What If She Finds Out?

Let the world believe in its gods and its myths, son. It’s all equally arbitrary.

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