LogFAQs > #979748733

Glob posted...

I still just dont get the three month thing.

Surely if youre a low earner than its not feasible because it would take you years to save it and if youre a high earner its crazy because who wants to spend such an insane amount on a ring?

I expect it's mostly targeted at a middle class of people who can realistically save up and splurge that much, but for whom money is still tight enough that such a splurge might not feel like a good idea. Poorer people aren't going to be spending enough money either way for the jewellery industry to care about influencing their spending habits, and rich people who don't have to care about the price won't care about that advice.

ParanoidObsessive posted...

But the diamond industry pushed really had to have laws passed that said they couldn't be used for jewelry

Which is just a really weird thing to have laws about. Include transparency about the materials' origins to prevent fraud and whatnot, sure (though even then, I expect the jewellery industry would very much prefer not to have transparency about their materials' origins be legally required), but laws saying "you're not allowed to make this completely optional luxury item with no health or safety considerations using anything other than natural gems" very obviously has no benefit for anyone other than those selling natural gems. It's not exactly without precedent for laws to favour corporations and wealthy individuals over the general citizenry, but it's usually not so brazen.