Cavemonster
Philosopher
- Joined
- Sep 28, 2008
- Messages
- 6,701
These Scholar stones are pretty pricey too, going for up to thousands of dollars for large samples.
If you want to talk about the value of diamonds, artificial scarcity, created by Debeers has jacked up the price considerably. They also created artificial demand by practically creating the tradition of diamond centered engagement rings.
So, yes, diamonds are prettier than granite, but it took an advertising campaign to convince us that they were prettier than birthstones. The price of diamonds, like everything else, is based on how much people are willing to pay. If no one wanted to pay thousands of dollars each, the price would plummet.
And Kevin seems to be conflating different types of value as well. The price of expensive art pieces can be based on it's relevance as an antique, a historical artifact, and an investment, and is only tangentially related to it's aesthetic beauty.
Very few living artists are making millions(they are exceeded by lottery winners), and a good portion of those that do, such as Takashi Murakami and Damien Hirst, and Dale Chihuly, make work that is quite expensive to produce, and that must be marketed and transported internationally at great cost.
I have never been in an art class that spent any serious time discussing the financial value of work (besides making sure that overhead is covered and you aren't getting minimum wage for your labor)
I have never heard a museum talk glowingly about the monetary value of their work on a tour, aside from as an autobiographical detail (Pollack only started supporting himself through his art in the last few years of his life)
I have never seen and Auction House or gallery use the word "genius" and
If you want to talk about the value of diamonds, artificial scarcity, created by Debeers has jacked up the price considerably. They also created artificial demand by practically creating the tradition of diamond centered engagement rings.
From 1880 De Beers were able to control the supply (and price) of diamonds but how were they going to control demand during a period when sales began dropping dramatically (up to 50%) in the 20s and 30s onwards through the great depression?
Just as platinum started to become popular in diamond engagement rings, diamonds were becoming less valued. Platinum was banned for all but war use during WWII and so the platinum diamond engagement rings as we know them today almost died out.
The answer to the problem was a new marketing campaign commissioned by De Beers that began in 1947. Perhaps you've heard the slogan "A Diamond is forever"? This was to mark the beginning of a change in the history of the engagement ring.
Subsequent campaigns would convince families to hold on to their diamonds as family heirlooms... and it worked! Used diamonds were not being released back into the industry which in turn created the demand that De Beers were seeking.
Jewelers were unofficially educated by De Beers to instruct men that two to three months personal wages were an ideal price to pay for the diamond engagement ring that their prospective fiancée's would gladly accept.
In 1953 the world's two most glamorous women of the time Marilyn Monroe and Jane Russell were the stars of the hit film musical Gentlemen Prefer Blondes.
The plot involves Monroe and Russell chasing potential husbands on a cruise to France. The movie also features a very famous song sung by the blonde bombshell Marilyn Monroe, Diamonds Are A Girls Best Friend.
This film would have undoubtedly influenced public opinion at the time and will have advanced the popularity of diamonds for years afterwards through Hollywood glamour.
The film is now 50 years old but it's still a firm favorite of all who love Hollywood and the legend of Monroe. (Of course there are others: High Society, Breakfast At Tiffany’s, Diamonds Are Forever among them)
This is where the tradition of the diamond engagement ring really started, all from an advertising campaign that literally "rocked" the world! (Get it? "rocked".... okay I'll shut up!) So you see buying a diamond engagement ring isn't really a popular ancient tradition.
It's more a combination of "dreaming of being a princess", a clever marketing campaign and compelling Hollywood glamour that ultimately promotes diamonds as the only jewels with which to furnish your loved one as a sign of engagement.
So, yes, diamonds are prettier than granite, but it took an advertising campaign to convince us that they were prettier than birthstones. The price of diamonds, like everything else, is based on how much people are willing to pay. If no one wanted to pay thousands of dollars each, the price would plummet.
And Kevin seems to be conflating different types of value as well. The price of expensive art pieces can be based on it's relevance as an antique, a historical artifact, and an investment, and is only tangentially related to it's aesthetic beauty.
Very few living artists are making millions(they are exceeded by lottery winners), and a good portion of those that do, such as Takashi Murakami and Damien Hirst, and Dale Chihuly, make work that is quite expensive to produce, and that must be marketed and transported internationally at great cost.
I have never been in an art class that spent any serious time discussing the financial value of work (besides making sure that overhead is covered and you aren't getting minimum wage for your labor)
I have never heard a museum talk glowingly about the monetary value of their work on a tour, aside from as an autobiographical detail (Pollack only started supporting himself through his art in the last few years of his life)
I have never seen and Auction House or gallery use the word "genius" and
