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Started By
Message
re: How much did you spend or your engagement/wedding ring?
Posted on 7/8/14 at 6:30 pm to mailman
Posted on 7/8/14 at 6:30 pm to mailman
Dang, first time I've ever encountered a post that just got deleted. Kind of cool
But more importantly, please don't think its an investment at all. It will not appreciate.
I had a friend that worked in the biz. He told me this is how it works...
You fall in love & pay $10k (retail) for a diamond
You break up & sell the rock quick for $3k (dump value)
Jewelry buyer sells the rock to a distributor for about $5k
Distributor sells the rock to a retailer for about $7k
Retailer sells it to the next chump for $10k
It's a vicious cycle and a huge scam made up by jewelry retailers...That being said, I paid about $5k for mine. Got a family setting (stone had fallen out though
)
But more importantly, please don't think its an investment at all. It will not appreciate.
I had a friend that worked in the biz. He told me this is how it works...
You fall in love & pay $10k (retail) for a diamond
You break up & sell the rock quick for $3k (dump value)
Jewelry buyer sells the rock to a distributor for about $5k
Distributor sells the rock to a retailer for about $7k
Retailer sells it to the next chump for $10k
It's a vicious cycle and a huge scam made up by jewelry retailers...That being said, I paid about $5k for mine. Got a family setting (stone had fallen out though
)
2
Posted on 7/8/14 at 6:34 pm to kennypowers816
A little over 2K.
But that was 34 years ago.
But that was 34 years ago.
Posted on 7/8/14 at 6:34 pm to lsufan9193969700
quote:
Those of you saying 16-20k or three months salary = dumb
I'm rich bitch
Plus diamonds will never depreciate
Posted on 7/8/14 at 6:36 pm to Winkface
Can't think about shite I didn't know I had to buy
Posted on 7/8/14 at 6:39 pm to mailman
Won't reveal the price because that's tacky but I will say a wholesaler is the only way to go.
Posted on 7/8/14 at 6:39 pm to djangochained
quote:
Plus diamonds will never depreciate
Go sell it
Posted on 7/8/14 at 6:39 pm to djangochained
Jesus, listening to some of you people make me NEVER want to get married. The OT is going to have me in an apartment with no food, no car, and the lights off. But my wife has a diamond on her finger though
Posted on 7/8/14 at 6:42 pm to More beer please
Let's add twist to this discussion. Who financed and who paid cash?
Paid $10k for the engagement ring and another $2k for the band.
My ring was my grandfather's, so it was free. Paid cash.
Paid $10k for the engagement ring and another $2k for the band.
My ring was my grandfather's, so it was free. Paid cash.
Posted on 7/8/14 at 6:42 pm to QJenk
quote:
Jesus, listening to some of you people make me NEVER want to get married
Don't listen to the garbage of the liars and assholes on here being married is awesome.
Posted on 7/8/14 at 6:42 pm to QJenk
I got cars, house, and kids
Key in life is to worry about making more money, not spending less
Key in life is to worry about making more money, not spending less
Posted on 7/8/14 at 6:44 pm to QJenk
quote:
But my wife has a diamond on her finger though
After about 20 years, they only wear the band anyway. Gave her a second ring at 25 years. Cost a good bit of change, but at the same time, I bought a new offshore boat.
Posted on 7/8/14 at 6:52 pm to Tigris
To damn much
Posted on 7/8/14 at 6:54 pm to mailman
14 Kt wedding ring $16, Service Merchandise.
Posted on 7/8/14 at 6:55 pm to kennypowers816
quote:
kennypowers816
quote:
Dang, first time I've ever encountered a post that just got deleted. Kind of cool
But more importantly, please don't think its an investment at all. It will not appreciate.
I had a friend that worked in the biz. He told me this is how it works...
You fall in love & pay $10k (retail) for a diamond
You break up & sell the rock quick for $3k (dump value)
Jewelry buyer sells the rock to a distributor for about $5k
Distributor sells the rock to a retailer for about $7k
Retailer sells it to the next chump for $10k
It's a vicious cycle and a huge scam made up by jewelry retailers...That being said, I paid about $5k for mine. Got a family setting (stone had fallen out though )
If thats the case, should I start a "Diamond trade" website? Charge 5-10 percent plus cost of verifying diamond class.
Posted on 7/8/14 at 6:56 pm to mailman
All I bought was the setting. Cost me about 7k. Used a family stone (hers) that was worth a hell of a lot more than that. Twearked out good on my end.
Posted on 7/8/14 at 7:01 pm to lilsnappa
Went in planning to pay cash. They offered 0% financing. I took 0% and paid it off in 6 months. Kept the cash in a high interest checking account making 2%. I'm not afraid to say I financed. It was the smarter financial decision. As if buying a 12k ring could ever be associated with a smart financial decision
Posted on 7/8/14 at 7:02 pm to LSUballs
quote:
All I bought was the setting. Cost me about 7k. Used a family stone (hers) that was worth a hell of a lot more than that. Twearked out good on my end.
$7k for a setting? Holy shite.
Posted on 7/8/14 at 7:02 pm to djangochained
quote:
Plus diamonds will never depreciate
I'm guessing you have never tried to sell a diamond. They aren't worth half of what you paid for them.
Posted on 7/8/14 at 7:04 pm to 4WHLN
Half might be a generous valuation.
Diamonds would be worthless if the market was not controlled by a cartel.
Diamonds would be worthless if the market was not controlled by a cartel.
Posted on 7/8/14 at 7:05 pm to Hawkeye95
I have several pieces and love them.
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