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> I've never understood this argument. Aren't they worth what people are willing to pay? I think the parent's argument is that not many people know about their
by mariuolo 10y ago
> I've never understood this argument. Aren't they worth what people are willing to pay?
I think the parent's argument is that not many people know about their price being inflated by a combination of artificial scarcity and hype.
- kyle4211 10y agoBut effectively all modern products have their prices inflated by hype (i.e. marketing) and many by artificial scarcity. Not many people think about this for any product, why should we expect them to think about it for diamonds?
- mariuolo 10y agoThere is another aspect: resale value. Much lower for diamonds.