I am also convinced that diamonds are a scam. If you like the stone and think it is worth it, by all means, go ahead and buy it. I fucking love shiny things too. But really? Have you seen the price for a tiny 1 karat stone on a ring? That is ridiculous, there is no way in hell those stones are rare enough or warrant that kind of price, and even if the cutting process was the reason for the price ( as if it is not completely fucking automated by now). Fuck the diamond industry.