Like Diamonds....

Diamonds are not as valuable as jewelry stores make them out to be. They have false scarcity, meaning they are relatively common where they are found, or they can be easily lab-created. The reason they are so overpriced now is because of the huge market for diamond wedding and engagement rings, and the company who has a monopoly in the diamond market, DeBeers, only allows so many to be sold each year. Anyway, I think this is only the tip of the iceberg when it comes to overpricing. I feel sorry for people in California who have to pay three times the amount I do to rent a comparable one-bedroom or studio apartment. The tourism in Hawai'i has jacked up the prices on everything there. And I feel sad when I think how my parents used to pay under $1 for gas. I never got to. And why in the heck is ice cream $4 now? Makes no sense to me. Sometimes it feels like inflation happens for no good reason.
Christabel Christabel
18-21, F
Aug 12, 2007