Diamonds a girl’s best friend?

The French are glad to die for love.
They delight in fighting duels
But I prefer a man who lives
And gives expensive jewels.
A kiss on the hand
May be quite continental,
But diamonds are a girl’s best friend.

Most of us girls have heard this song before, and many would have agreed that Diamonds truly are a girl’s best friend.

I’m initially unwilling to write this post for fear of offending other females, especially friends. But heck, I’m entitled to my own opinion, and they should know the truth too.

So why isn’t diamond our best friend?

1) you can’t measure love with a “thing”

Most girls would love the idea of having their significant half propose to them with a one carat (if not bigger) diamond ring, believing that the bigger the rock, the deeper the love the guy has for them. But how does one measure love (a feeling, something intangible) with something tangible, like, a rock?

2) it is not as rare as you think

Fact: there’s actually more diamonds than they let on (thanks to De Beers).
It is a marketing gimmick by the big diamond companies telling us that diamond is as rare as true love. Their “scarcity” is due to one company monopolizing the entire diamond trade. Other precious stones such as emeralds, rubies, and sapphires are all more rare, and much cheaper than diamonds.

3) it’s a poor choice for investment

Try selling your one carat diamond during emergencies. You’ll be surprised at how much (or how little) it’ll fetch. There is actually not much of an active resale market for diamond due to it’s abundance in supply, and that it can be artificially produced into it’s desired colour, cut, clarity and carat. Also, there is no true measure for diamond, as no two pieces of diamonds are entirely similar.

4) there’s other things to save for

Come on, spare the poor boy this full 3 months’ salary, or a year’s saving just to buy something that is highly inflated by marketing strategies of some very large corporations. The price you pay for the diamond actually goes to the middle man, the jeweler (Cartier, Tiffany and Co etc) for their own branding and packaging, each taking a cut of the profit before ending at the hands of the poor boyfriend/husband.

Moreover, there are other things to save for other than a piece of stone, such as wedding, down payment for the house, or renovation of your new home.

5) try GOLD instead (you can’t go wrong with what Cleopatra loves)

Gold has stood the test of time for thousand of years, unlike diamond, which only gain popularity less than a century ago. Gold is a hedge for inflation, and unlike diamond, has an active market for it, is highly liquid, in limited supply, and cannot be artificially produced.

So baby, give me a piece of gold bar over a diamond ring any day, and hope no friends decide to disown me after ing reading this post 🙂