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
Diamonds don’t drop in value the second you buy them…diamond jewellery bought new is subject to a markup by the store, even more so if you’re buying non-fine jewellery from a big name jeweller. This is just the difference between what the retailer paid to buy or produce the product and what they are charging you for it. Everything you buy new in a shop is subject to a markup, that is how the retailer makes money. Diamond jewellery is not an exception.
But diamonds, good quality ones of size anyway, have an inherent value that is not related to being previously owned or not. They are a commodity, albeit not a standardised and traded one. A 90 year old diamond of a certain size, quality and condition is not worth less than an exactly equivalent “new” diamond.
Latest Answers