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
because people who buy diamonds are suckers. reminds me of those ads on TV where gold merchants offer to buy your old used gold jewelry – but they only offer you a fraction of the market price. all they’re doing is melting it down to re-use.
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