24d (edited) • General discussion
My Response: Rapaport's Press Release on NATURAL Diamonds
Rapaport's CEO, Dan Mano, made a press release about Rapaport's renewed focus on Natural Diamonds.
Here's the Press Release:
Rather than make a long winded post about why I believe they are making a major mistake, here is a video I made over a year ago that proves that point and still holds true.
0.1.9.5 Jevons Paradox: AI & Lab Diamonds
The reason I believe forcing Natural Diamonds into market relevance is incorrect is: It's essentially going against a natural dynamic called Jevon's Paradox which says:
"Increased adoption leads to deflationary pricing - which in turn results in increased adoption."
Jevon's Paradox is not unique to Lab Diamond adoption, but if perfectly illustrates the principle. And, we can see this dynamic playing out in things like AI Adoption.
Notice how the principles taught in the curriculum are evergreen...
Here in Jewelers Advantage AI - the purpose is to "teach you how to think" so that you too can "read the tea leaves of the market" and make informed leadership decisions within your business.
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My Response: Rapaport's Press Release on NATURAL Diamonds
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