3 ms·
Diamonds are cheap. You can tell by their resale value.
by kwdc 5y ago
Diamonds are cheap. You can tell by their resale value.
- globular-toast 5y agoA general life pro tip is before buying anything expensive, check the resell value. If there is no second hand market, then it's a consumable. Aim to minimise all consumption. The cost of owning something is the depreciation and the insurance policy you take out on it (or just accept the risk). The cost of owning a $10k diamond is likely to be far, far higher than the cost of owning a $10k violin, for example.