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
Almost everything bought at retail has its value drop by more than 50% if you try to resell it. It’s just no one cares when a $20 t shirt can’t be sold for $10 on craigslist no matter what condition it’s in. For whatever reason diamonds are special in that people expect them to hold their value better than other retail goods.
Retail is expensive it occupies some of the best real estate in the world, employs a ton of people, and has many very bright people studying every single aspect of their store and all of these things only purpose is to get people to spend the most money possible. Take that stuff away, and people surprisingly want to spend a lot less on everything.
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