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
The reason it loses value immediately is because they were charging you 25 to 50% more than it was worth. Because the entire diamond industry is a complete scam. They marked it up because you were willing to pay it. People don’t buy diamonds for their usefulness, they buy them because they’re expensive, so a larger price tag is a selling point for some people.
People who actually know how much diamonds are really worth are buying them wholesale and selling them to us.
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