Popularly said that diamonds value drop by over 25-50% the sec you buy it. I know that diamonds value is low key de beers bullshit.
But what I wanna know is how do they calculate the diamond resale value and rational behind 50% resale value of something that never breaks or damages. How do they come up with this shit?
In: 1922
ELI5
You overpaid.
You pay a high price (at retail) and the item is bought back at a low price (at wholesale). When confronted with the difference, you realize the amount the product is marked up.
The resale value is very stable (Rap). The markup varies by retailer and can be shockingly high.
DeBeers does very little of this. They only have a few retail stores. They are more of a global producer or wholesaler at best. The markup comes from retailers (Helzberg, Zales, Tiffany, Harry Winston, etc).
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