– Why diamond has little to no resale value?

Question

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

Answer 1

>low key de beers bullshit

just want to point out, not anymore. prices have stayed the same in 30 years, despite inflation,

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at least according to this video: https://www.youtube.com/watch?v=GzXeWlRzBqs