re: Drew Brees: Scammed or an idiot?

quote:

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Go try to get even 1/2 of the value of a diamond engagement ring you may have purchased in the last 5 years. You won’t.

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This is true. My buddy just got divorced and his wife agreed to give him the ring back because she cheated and they'd only been married a year. I wanna say he got just a hair over 50% of what he paid. However, insurance companies, at least mine (USAA), will give you full market value. My wife's rings are fully insured for what I paid for them. But yeah, it's simple economics. A jeweler is in the business of making money. They're not going to give you full price for your diamond when they're trying to make a profit when they sell it to someone else.