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> The diamond engagement ring thus became a source of financial security for the woman. Which is ironic, given the low resale value of diamonds. > In fact man
by stephengillie 8y ago
> The diamond engagement ring thus became a source of financial security for the woman.
Which is ironic, given the
low resale value of diamonds.
> In fact many jewelers won't buy a diamond back unless you've previously purchased that same diamond from them and have the documentation to prove it. Even then they'll typically only do a trade in, whereby you buy another higher priced diamond and trade your old diamond in. [0]
[0] https://www.zerohedge.com/news/2014-08-21/ugly-truth-about-diamonds https://www.zerohedge.com/news/2014-08-21/ugly-truth-about-d...
- rdsubhas 8y agoYep, this (financial security) is why Indian marriages stick to gold and silver, because it has a defined market value.
- xeromal 8y agoKurdish as well. They tend to favor Indian gold for some reason.
- chiph 8y agoGold sold in India is almost always 24ct (pure). Gold sold in other countries for jewelry is an alloy (usually 18ct) so that it can stand up better to daily wear. So you're technically not getting as much gold.