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Some of those high prices seem like the result of speculation, or people pouring their money into 'something physical' the same way that market volatility somet
by pyre 12y ago
Some of those high prices seem like the result of speculation, or people pouring their money into 'something physical' the same way that market volatility sometimes ends up with a rise in gold prices.
- hrktb 12y agoI thought diamonds have little to no resale value, or is there other ways to speculate or use them as a something valuable ?
- zaroth 12y agoHow can a diamond be "used"? I think it's only the person offering to buy it trying to convince you of this. Diamonds are cheap and easy to appraise, and with laser etching easy to identify. I buy all my ice with AGL certs off eBay. There are more degrees of freedom than with something like gold coins, so diamonds aren't fungible. It adds complexity but I don't think it hurts resale that badly. If the resale market were so much cheaper, that's where everyone would buy their stones, right?