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
The value itself isn’t all that high to start with. The retail price is always marked way up, especially for luxury items like jewelry (sometimes hundreds of percent higher). When you want to sell it, you can’t get that full retail value back.
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