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
To be fair, most everything you can buy in this world loses value as soon as you buy it or as soon as it’s past the return period. It’s far from being just diamonds, so I’m not sure why you’re getting worked up about it.
With the crazy inflation and scarcity a lot of luxury goods are actually gaining value right now so that people who get them at retail are starting to “flip” them. Watches and purses being an example of the top of my head. But keep in mind, this is one of them few times in recent history this has been the case.
Reddit circle jerks itself around “diamonds are worthless” but if people are willing to buy them at that price, then that is what they’re worth to that person. The very definition of something’s value is what someone out there is willing to pay for it.
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