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 aren’t actually worth much. They’re not rare at all, and can easily be created in a lab. They’re only expensive because the DeBeers company essentially tricked society into normalizing diamonds in wedding rings, by having celebrities wear and talk about them. That’s where the asinine bullshit that a ring should cost a man 3 months’ salary came from too.
Diamonds are not rare or special. They’re only expensive because we as a society have been too naive to see the scam, and even now people who know its a scam still want diamonds for some reason, so people still buy them.
TL;DR: the price is massively over-inflated, so they can choose to buy it back at a way lower price so they can sell it for an absurd profit again.
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