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Another alternative is to simply buy second hand or from an auction. Personally I see diamonds in a league with works of art. There is definitely value, but it
by Pyramus 5y ago
Another alternative is to simply buy second hand or from an auction.
Personally I see diamonds in a league with works of art. There is definitely value, but it's subjective, generally a lot less then expected and highly illiquid.
- t0mbstone 5y agoYep... They can complain all they want about how diamonds have no resale value, but if the place you bought it from initially was an auction, then logic follows that you should be able to sell it for the exact same price at another auction. In other words, buy jewelry from auctions and you will get exactly what you pay for. I bought a wedding ring set for my partner for around $600 off ebay and then I had it appraised. It would have retailed for around $4,000 according to the appraiser. That's a massive amount of wasted money if I had bought it brand new!