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
My wife has an heirloom diamond that was purchased for $800 in 1907. In 1993 it was appraised at $22500. The price doesn’t always drop.
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