Diamonds Are a Marriage Counselor’s Best Friend (Rebroadcast)

On this week's Freakonomics Radio, we meet a young Michigan couple who win a diamond at a charity event and then can't decide what to do with it. Sell? Set it in a ring? Or stash it in the laundry room and just keep fighting about it? We also hear from Edward Jay Epstein, who wrote a book about trying to resell a diamond, and we learn the strange, shady history of how diamonds have come to be as "valuable" as they are.

Diamonds Are a Marriage Counselor’s Best Friend

Season 5, Episode 4

In part one ("Diamonds Are a Marriage Counselor's Best Friend"), we meet Jason and Kristen Sarata, a couple who win a diamond at a charity event. But the two can't agree on whether to sell the diamond or keep it. Luckily, investigative reporter Edward Jay Epstein has written an entire book about selling a diamond, and tells us it's unclear whether diamonds are as valuable as Marilyn Monroe taught us to think they are.

Diamonds Are a Marriage Counselor’s Best Friend (Ep. 203)

Our latest Freakonomics Radio episode is called “Diamonds Are a Marriage Counselor's Best Friend." (You can subscribe to the podcast at iTunes or elsewhere, get the RSS feed, or listen via the media player above. You can also read the transcript, which includes credits for the music you’ll hear in the episode.) The gist of the episode: It may seem like winning a valuable diamond is an unalloyed victory. It’s not. It’s not even clear that a diamond is so valuable.