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.

This post was edited on 4/3/18 at 3:09 pm

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Posted by Mingo Was His NameO

Brooklyn

Member since Mar 2016

25455 posts

Posted on 4/3/18 at 3:23 pm to lsufball19

quote:
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.

To be fair, jewelry at that price range is not the same as "regular" jewelry. It's more like fine art. A lot of it is expected to appreciate, though it's certainly not a given. You don't expect the art you buy from a local artist to appreciate, but you do expect a Van Gogh to.

Either way, I think Brees doesn't look good here but let's be fair with the facts.

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