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
Because they are not valuable to begin with. They are just artificially scarce and monopolized.
Offer and demand. As long as dummies keep paying those prices, they will not drop in price.
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