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
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.
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/
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.
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."
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.
For 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.
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
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
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'.
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...
> 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?
Nah, they’re pro-De Beers
At least they aren't blaming millennials still.
Shorter:
"South African diamond mines are closing due to lab-grown stones"
Oh shame. The poor devils.
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
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.
Or how worthless the human capital of Botswana is.
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.
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/
So lab grown diamonds are good and cheap enough I can finally buy my wife of 21 years a diamond ring?
I heard once that even if DeBeers stopped all diamond mining activity, their existing stockpile would last for a 100 years or more.
It would probably last 1,000 years, now.
Since nobody wants to buy them anymore.
That’s not even close to being true.
You both need to provide citations my dudes.
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.
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.
https://www.wsj.com/business/diamond-mines-are-closing-and-s...
"Millennials are killing diamond mines!"
SEVERELY LIMITED POWER!!!!!
Good.
uplifting news of the day right there
"The death of the diamond" Edward Jay Epstein (1983)
similar to the lab-grown intelligence impact
Hope to see these headlines some day for the meat industry
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.
Modern beef is unhealthy for humans due to grazing conditions. Maybe the lab grown stuff will be closer to conventional farming output.
>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.
Maybe there's something about lives being taken to provide the food that appeals to certain people.
For 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.
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
I would for the same price as it doesn’t involve killing a cow. That’s a plus for me!
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
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.
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...