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
There are a couple factors… there is always a wholesale / retail spread. The diamond you pay $5k for cost the jeweler $3k. So they’re not going to pay you more than they pay their typical suppliers. Especially since they now have to inspect, grade, etc. to verify your diamond is what you say it is, and that costs them time/money.
Other buyers don’t trust you as much as they trust a jeweler so they’re not going to pay you as much as they’d pay a jeweler they trust for the same thing.
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