How do diamonds (natural and high quality lab created) stay valuable when there are so many in circulation from things like estate sales, heirlooms, new for sale diamonds, etc? I wonder this about diamonds specifically because they are difficult to destroy or compromise but are ubiquitous.
In: Economics
The thing is, they don’t. Diamonds are far more plentiful than we think and, realistically, are intrinsically worthless. The demand is falsified through clever marketing and the only people who really make money selling diamonds are stores. If you ever try to resell a diamond, no one will give you much for them. The only exception being REALLY large diamonds, rare colors and clarities, and diamonds included in high end jewelry made by well known makers but even then the true value lies in the precious metals and the time put into creating it. That, and the name of the jewelry maker, not the diamonds themselves.
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