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This is not true at all. The value of a new diamond is marketing. No one’s advertising for used diamonds. It’s not exclusive to the diamond industry either - t
by bluedevil2k 7y ago
This is not true at all. The value of a new diamond is marketing. No one’s advertising for used diamonds. It’s not exclusive to the diamond industry either - the reason Coke is more expensive than generic is because of marketing.
- lostlogin 7y agoBut used coke is also worthless.
- Retric 7y agoYou’re confusing the wholesale price with the retail price. It’s not that used diamonds are inherently worth less, it’s the overhead of running a shop to sell them being a real cost. Walk by a jewelry store and you see both expensive inventory and people standing around waiting to sell to somebody, that’s a huge expense. PS: Not to be confused with the third category of “wholesale” diamonds that’s simply retail with lower overhead.