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 the value is emotional to begin with.
My fiancee and every other woman I know would not ever consider a used diamond. “Its bad luck” “it has bad juju” “it brings bad energy and so we will be more likely to divorce”. No amount of “it’s 80% off if we get a used one, so I could get you an EVEN BIGGER ONE for the same $$$” would sway the opinions.
That and there are very few markets for it to transact on to find a price, so prices are depressed that way too. But mostly the first one
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