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
You said it yourself. “De Beers bullshit”. They’ve convinced you that you need to hold onto your diamonds and artificially suppressed the resale market as to keep the primary market inflated.
“A diamond is forever”. That’s their marketing speak for “you’ll never be able to sell it, so hold onto it”.
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