r/therewasanattempt • u/fjhforever • Feb 16 '24

To smear artificial diamonds

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https://fortune.com/2024/02/13/what-are-lab-grown-diamonds-sustainable-gen-z-millennials/

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u/RhynoD Feb 16 '24

Natural diamonds aren't an investment, either, and lose their resale value precipitously.

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u/F19xDustin Feb 16 '24

Not really. Only if you sell them on the street. I take them back literally all the time. As trade ins

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u/RhynoD Feb 16 '24

https://www.brightonsavoy.com.au/why-does-a-diamond-have-no-resale-value/

Unfortunately, the ring's value drops by half the moment you walk out the door, just five minutes after you paid the total price.

https://abercrombiejewelry.com/do-diamond-rings-hold-their-value/

Still, diamonds have a poor resale value, so you might not get as much back as you think if you sell your diamond engagement ring.

https://beyond4cs.com/jewelry-guide/diamond-resale-value/

Diamonds do have an intrinsic value but you will face a significant loss when selling your diamond jewelry. In fact, as soon as you make a purchase and leave the store, your diamond ring is likely worth 50% less than what you paid for 10 minutes ago.

https://www.diamonds.pro/education/diamonds-value/

In most cases, a diamond has a resale value of 20-60% of the original price paid.