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Posted on 3/8/21 at 10:33 pm to Hickok
Cheers ol son
Posted on 3/8/21 at 10:34 pm to OGM
All I know is she said it was cheaper than diamond 
But I don't actually see their finances. Maybe she was just playing it off like a deflection.
But I don't actually see their finances. Maybe she was just playing it off like a deflection.
Posted on 3/8/21 at 10:38 pm to Tyga Woods
quote:
Not really. It’s no different than investing in gold.
To my knowledge, no nation has ever pegged its currency to diamonds. Even South Africa. As noted earlier, the ridiculous value on diamonds is a fairly recent thing, less than a century old, not a cultural tradition, but an astroturfed Madison Avenue campaign.
When things go to hell again and empires fall... and they always eventually do... it'll be gold, once again, that's the standard for value. I'm not a gold bug, but its hard to argue with human history. Humanity, for whatever reason, has always equated that shiny yellow metal with wealth.
Posted on 3/8/21 at 10:45 pm to t00f
sorry you're poor
Posted on 3/8/21 at 10:51 pm to madamsquirrel
quote:It very well could have been. There’s so many options when buying stones. I just know I’ll never assume the price of a gemstone again without doing some research before heading to the jeweler
All I know is she said it was cheaper than diamond
Posted on 3/8/21 at 10:52 pm to t00f
quote:
who is even looking at these rings on womens finger except for some of those OT stalkers.
other women if you mean the size. Single men if you are talking about having one or not having one
Posted on 3/8/21 at 10:56 pm to Grievous Angel
quote:
Try selling it for that.
was going to post the same thing. Buddy of mine who makes plenty of money bought his first wife about a $25k ring. They got divorced in about 2 years. She was decent enough to return the ring, but he only got about 1/2 what he paid for it from the same place he bought the thing. They'll probably take the diamond off the setting and sell the same stone to someone else at full price.
Posted on 3/8/21 at 11:18 pm to lsufball19
quote:
he only got about 1/2 what he paid for it from the same place he bought the thing
Nope. I know something of this. You are lucky to get 30% value and 20% is more likely. First, the ring as jewelry isn't what they are buying. They strip out the stones and melt the ring. So it is valued at its spot metal price. Then they buy the stones from you at BELOW wholesale because they are going to turn around and sell the stones to a retailer at wholesale. There is a TON of mark up on diamond jewelry. Buddy is currently trying to sell a $25,000 appraised ring with a 1.8 carat center stone and some smaller stones. The best offer he has gotten, due to the market being down with COVID issues, is $4500.
Posted on 3/8/21 at 11:42 pm to RexKramer
quote:
Just had my wife's ring appraise for over 100% of purchase price. Thats 20yrs, now I have to up the insurance. She's not taking it to the grave, lol.
Pretty much meaningless unless you want to throw it in the ocean and claim the insurance.
Posted on 3/9/21 at 12:58 am to t00f
There is no question the market for diamonds is a "scam" that said I bought an extravagant ring for my wife because that is what she wanted and it is to this day her favorite material possession in the world. We picked the stone out together and she designed the ring, it makes her happy and the rest is mainly irrelevant to me. She bought me a watch for our wedding and spent a similar amount of money, the watch makes me happy. As far as value the PP 5070 she bought me is worth more than she paid, her ring is worth less than I paid due to the manipulated market. The secondary market for diamonds is crap compared to the retail market. Again it makes her happy and that is all I care about, the amount of money I have spent on hobbies over the years leaves me no room to talk.
Posted on 3/9/21 at 1:14 am to t00f
this is quite the melt. sorry you’re poor
Posted on 3/9/21 at 1:26 am to Aspercel
quote:
I’d still prefer a horse.
A 1200 lb diamond that you have to feed and muck it’s stall 2x/day that will buck or rub you off on a tree, kick you and bite you...cool.
Posted on 3/9/21 at 2:43 am to t00f
I love Ron White's take on the whole diamond industry when he was talking about the newest diamond company slogan.
"Buy her a diamond and render her speechless" and he decided it truly means "Buy her a diamond------that'll shut her up".
"Buy her a diamond and render her speechless" and he decided it truly means "Buy her a diamond------that'll shut her up".
Posted on 3/9/21 at 3:50 am to RexKramer
quote:
appraise for over 100% of purchase price
Appraised and market value are two very, very different amounts when it comes to precious stones. The gold or platinum value of the band, however, can be easily monetized.
Posted on 3/9/21 at 4:11 am to t00f
My last wedding set was purchased for $135 from a pawn shop 29 years. up graded after 15years.
Posted on 3/9/21 at 4:40 am to t00f
Seems about right. Paid about $3500 for my wife to be in 1991 and we got a deal from her cousin. Today’s dollars would be $7200 with inflation.
Posted on 3/9/21 at 4:49 am to LegendInMyMind
quote:
The diamond rarity racket is the greatest grift in the history of mankind.
Covid
Posted on 3/9/21 at 5:47 am to t00f
My wife is the gem, she bought a 35 dollar CZ off Amazon she proudly wears everyday. She can give a dissertation on the diamond engagement ring scam snd fixed price diamond market.
This post was edited on 3/9/21 at 5:48 am
Posted on 3/9/21 at 5:50 am to djangochained
quote:
Unless her ring finger is in front of her tits I’m not looking
Only answer
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