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A diamonds actual value is what people will pay for it. There is no debate.

You ever try to sell a diamond yourself? People aren't willing to pay you shite for your diamond as soon as you walk out of the shop. Diamonds do not appreciate, they aren't liquid, and the types we put on rings have no use other than aesthetics. They are of slightly higher quality than a cubic zirconia which costs about 90% less than a diamond of same size. It's a racket.

Again, a diamonds value is what people are willing to pay for it. Whether you think the reasons people pay more for a diamond are stupid or not has no bearing on the overall value of the diamond.

It does effect the value of the diamond to you.

But at the end of the day, we all know you'll cave and go the expensive route because most guys do.

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Posted by Jon Ham

Member since Jun 2011

28664 posts

Posted on 4/21/16 at 3:34 pm to Weagle25

quote:
Again, a diamonds value is what people are willing to pay for it. Whether you think the reasons people pay more for a diamond are stupid or not has no bearing on the overall value of the diamond.

If diamonds were actually worth anything close to their retail price, then they should keep a large chunk of that "value" once bought, but they don't because they aren't actually worth anything close to that.

New cars depreciate as soon as you drive it off the lot, but you can fairly easily sell it back to the dealership or to a third party and get most of your money back. Gold has utility outside of its aesthetics, generally appreciates over time, and you can easily liquidate it.

Diamonds do not have a utility, are not liquid, and aren't anywhere close to as rare as the prices seem to indicate they are. It's an artificially inflated market supported by dumb men, entitled women, and brilliant marketing strategy.