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#meat#lab#grown#diamonds#diamond#natural#beers#cheaper#still#botswana

Discussion (44 Comments)Read Original on HackerNews

hn_submit5 minutes ago
The market for natural diamonds will cease to exist when you can buy lab-grown versions for a couple bucks.

They wanted to differentiate between natural and lab-grown versions with the former being much more expensive. But that train has left the station since there's little to no difference in quality between the two. In fact, I once predicted there'd be huge scams where lab-grown ones would be repackaged and sold as natural ones and that would ruin customers' trust in natural diamonds.

But it now seems that isn't going to happen because customers are voting with their feet and leaving natural diamonds behind.

willsmith72less than a minute ago
> there's little to no difference in quality between the two

Lab grown can be way better quality. To me it was a no-brainer considering the ethical concerns, then add in the cost difference. The only argument I've heard for natural is "I like the imperfections". Sounds like brainwashing to me. They're chemically identical

The mining industry should die

bsoqk1 minute ago
> The market for natural diamonds will cease to exist when you can buy lab-grown versions for a couple bucks.

Just like the luxury watches market ceased to exist when you could buy quartz watches for 10 bucks.

tedchsabout 2 hours ago
> Demand for engagement rings gave thousands of South Africans steady work at De Beers. Now, weak sales and lab-grown stones are taking it away.

So wait, on this Labor Day weekend, it sounds like the WSJ is pro-worker, but only if they're in South Africa?

brookst38 minutes ago
Nah, they’re pro-De Beers
delfinom39 minutes ago
At least they aren't blaming millennials still.
wewewedxfgdfabout 2 hours ago
Shorter:

"South African diamond mines are closing due to lab-grown stones"

davidhydeabout 2 hours ago
Oh shame. The poor devils.
missedthecueabout 1 hour ago
Brutal news for Botswana which was really breaking new ground in raising Sub Saharan living standards. 30% of their GDP and a huge portion of government revenues are diamond exports. And they had gotten to 100% formalized and child labor free supply lines
hedoraabout 1 hour ago
The did away with child slavery in the mines, but severely exploited female adults instead:

https://www.freedomunited.org/news/botswana-diamonds-ugly-tr...

Things like marital rape are still legal there.

colingauvin13 minutes ago
I'm not trying to read your comment as whataboutism, but it did get me wondering: From a moral or ethical standpoint, if there is a gradient route from "very immoral to moral", but it involves first going from "very immoral" to just plain old regular immoral - do we view it as an improvement or a deficiency? Is there a route that involves going from very immoral to moral in one direct step?

For example, exploitation is bad, but child exploitation is worse. So moving from just child exploitation to adult exploitation is a positive move that still results in an abhorrent status quo. On the other hand I can't think of an example where we went from child exploitation --> no exploitation of any kind...

bossyTeacherabout 1 hour ago
Hopefully, the have foreseen this and they have diversified adequately. Relying on a single source for most of your income is never good. Whether that is diamonds or oil. Hopefully they got their own sovereign fund up and running/
bastawhiz41 minutes ago
Botswana's diamond mining industry is exactly one company: Debswana, a 50/50 joint venture between the government of Botswana and De Beers.

Which means, when you think about it, that half of one subsidiary of De Beers is effectively producing ~one third of Botswana's GDP. Really puts into perspective how exploitative De Beers is.

missedthecue4 minutes ago
This is a difficult conclusion to draw given that the implied counterfactual is the assumption that Botswana could have had similar results sans De Beers. I don't think that's at all obvious. If my problem was that I had raw diamonds a few hundred meters underground and wanted to turn them into dollars, I'd probably call the preeminent experts on mining, refining, and marketing diamonds as well.

The venture began in 1969 and as difficult as the economic situation there is now, subsaharan africa was an even worse place then. In 2013, the state created the 100% owned Okavango Diamond Company to export diamonds using the institutional knowledge they'd gathered over the decades.

mlmonkeyabout 2 hours ago
I heard once that even if DeBeers stopped all diamond mining activity, their existing stockpile would last for a 100 years or more.
johnnyApplePRNGabout 1 hour ago
It would probably last 1,000 years, now.

Since nobody wants to buy them anymore.

senorribabout 1 hour ago
That’s not even close to being true.
loloquwowndueoabout 1 hour ago
You both need to provide citations my dudes.
margalabargalaabout 1 hour ago
The first person hedged their statement with "I heard once" so it's likely true regardless of whether the rest is accurate.

In a similar vein it has been said (by me, just now) that DeBeers is actually already out of diamonds and manufactures then de novo from the compressed ashes of orphans.

glimsheabout 1 hour ago
How will we survive without the safe and wholesome diamond mines? I guess we'll all have to be okay with the much superior and cheaper lab diamonds...

The picture subtitle says everything that needs to be said about this: "Miners like De Beers have positioned diamonds as synonymous with love and devotion."

Scumbags.

jonstewart38 minutes ago
So lab grown diamonds are good and cheap enough I can finally buy my wife of 21 years a diamond ring?
AdmiralAsshatabout 2 hours ago
"Millennials are killing diamond mines!"
downrightmike36 minutes ago
SEVERELY LIMITED POWER!!!!!
SoftTalkerabout 2 hours ago
Good.
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yogthosabout 2 hours ago
uplifting news of the day right there
ggmabout 3 hours ago
"The death of the diamond" Edward Jay Epstein (1983)
insamniacabout 3 hours ago
similar to the lab-grown intelligence impact
Cider998624 minutes ago
I just saw a post that said that this would be downvoted.

https://lowendbox.com/blog/how-i-made-my-bones-on-hacker-new...

>HN readers hate AI – or at least its threat to their jobs

reid-rigoabout 2 hours ago
Hope to see these headlines some day for the meat industry
SoftTalkerabout 2 hours ago
If we can replace the taste, appearance, and texture of a medium-rare rib eye with lab grown meat at a substantially cheaper price, we will.
0xcde4c3db6 minutes ago
True, but it's also the case that in some places and subcultures we're already at a point where meat with certain qualifications in some contexts is a Veblen good, and the rhetoric around it is very much a quasi-mystical blend of notions of purity and vitalism (see e.g. paleo/primal/ancestral diet influencers). That edge, almost by definition, can't be produced in a lab, and if we were really being purely rational/utilitarian about these things, I doubt we'd be eating as much meat as we are today.
TomJansenabout 1 hour ago
>substantially cheaper price

why substantially cheaper? Break-even would be fine too, no? And as a plus, lab-grown meat is much more ethical.

I also think that replacing 'cheap' meat like ground beef would already be sufficient and would make a huge impact, there is really no need make it difficult for ourselves and try to replace rib-eye.

fookerabout 1 hour ago
For me, it would have to be mass produced and about an order of magnitude cheaper.

I'd rather not be testing/tasting experimental lab stuff. And mass production bringing down the price with economies of scale is the real proof that the technology is ready.

skeledrew42 minutes ago
Maybe there's something about lives being taken to provide the food that appeals to certain people.
wonderwonderabout 1 hour ago
I don't think most people are going to grab lab grown out of the grocer fridge if normal beef is available for the same price. I know I would not. But if its 25% cheaper I'm happy to try it
wonderwonderabout 2 hours ago
Agree, as long as it's meat. Lab grown meat from cells is meat. The reason impossible never worked was becuase it wasn't meat. Very few people are going to trade meat for soy and vegetables
nkrisc16 minutes ago
Even though I do eat meat I still enjoy black bean burger patties far more than Impossible because a black bean patty is tasty in its own way and not trying to replicate meat.

A black bean patty or similar is a tasty bit of food that works well in a burger form.

I like meat but not every meal I eat needs to have meat in it. Give me tasty (and cheaper) alternatives to meat and I’ll eat them in place of meat sometimes.

fookerabout 1 hour ago
Yeah impossible was targeting a weird small niche.

The intersection of 'vegan by all means', 'loves the taste of meat', 'does not care about ultra processed food', 'enough money to go for the expensive option'.

No wonder it did not work.

moateabout 1 hour ago
IDK what "never worked" means here, the market cap for Impossible/Beyond alone is still over a billion dollars. You can still get an Impossible Whopper at any Burger King in the US.

There's plenty of issues with selling meat alternatives, I don't think you're the person to speak to them for some reason...

hedoraabout 1 hour ago
Modern beef is unhealthy for humans due to grazing conditions. Maybe the lab grown stuff will be closer to conventional farming output.
jonstewart33 minutes ago
Hopefully most people here getting ribeyes aren’t getting them from the same factory farms that supply McDonald’s and sell other cheap kinds of beef. A ribeye is an occasional luxury and best bought from the farmer.