3 ms·

Do engagement rings have a large resale value anyway? This is a whole article about the marketing push for diamonds. I can't imagine what "second hand ring" wou

• liber8 14y ago
  That's sort of the point. The ring itself is only really worth whatever the metal weighs because nobody wants a "used" ring. So if you sell the ring to a jeweler, he is almost certain to melt it down and recast it. Whatever you paid for the craftsmanship/design of the ring is literally melted away. The stone is another story. It's very easy to resell/reuse good stones, although as the article indicates, the value you'll be able to recoup isn't exactly great.
  • rmc 14y ago
    Yes that's true, but I'd presume a lot of what you pay for in a diamond ring initially is not the cost of raw materials, but the symolism, and hence a diamond ring would lose value. I was thinking you'd lose money either way if you went with diamond vs. non-diamond, so "you'll lose value" is not a compelling argument for non-diamond.
    • brc 14y ago
      Everything about a wedding is front-loaded to an exreme. From photos, to flowers, to cars - when it's a wedding the price is loaded. It's a complete rort, everyone knows it is going on, yet - there it is, everyone just pays up. Because nobody wants to be seen to be cheap.