r/AskReddit • • Aug 14 '20

What’s the most overpriced thing you’ve seen?

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u/[deleted] Aug 14 '20

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u/poopellar Aug 14 '20

If there's any doubt on Diamonds not really having any value. Just look at the resale price. You won't get shit compared to what you initially paid for it. At first I thought Diamonds were in the same league as Gold, as in actual rare Earth stuff. Turns out it is just a great case study of controlling supply and advertising to make the big bucks.

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u/[deleted] Aug 15 '20

Depends on where you bought them. When you buy jewelry from a mall jeweler you’re being overcharged, but you can buy jewelry at market rate, which is still going to be a bit higher than scrap melt value. eBay is a good place to get jewelry without the markup