Post # 1
Sentimental value aside, recently we had to sell a a ton of old jewelry for a friend and well the only thing people seemed to be interested in was the gold weight. I did a little research and well it seems to me that diamonds loss most of there value after you buy them….It just seemed odd to me, since they are so pricey. Am I just missing something or is this really the case?
Post # 3
Jewellery in general is only really worth what people will pay for it. Don’t get me wrong, I love my jewellery, but when it comes down to it you can’t eat it and it won’t keep you warm.
Post # 4
Nope it is totally the case, so you better love your diamond! I tried to pawn a few diamond rings, and they all told me that diamonds are totally overpriced worth nothing. Only gold is. Kinda sad, but I love mine that I have now, so no worries.
Post # 5
It’s true diamonds lose their value once they’re bought. Sure you can resell them, but you will not ever get as much as you pay.
Post # 6
It completely depends on the quality of the diamond (and gem for that matter) and the potential buyer. My friend sold her e-ring from a broken engagement and made quite a bit of money, but then it was a reputable buyer and her diamond was larger and of high quality.
EDIT: If you are pawning something you will NEVER get anything close to the value as they are in to buy low and sell high. If you are selling jewelry with gemstones it better to contact another buyer if you don’t need the money immediately.
Post # 7
I would say generally yes, it is like a brand new car that you drive off the lot
Post # 8
- Wedding: December 2019 - Paris, France
Pawn shops are only interested in the gold. But say for instance.. you have a 4 ct diamond ring from tiffany’s and take it to an auction.. you would get more than just the weight of gold. It depends on the buyer and the item
Post # 9
no you are right, it does certainly lose its value big time after you buy it! Gold has the strongest value in the world… you buy it and it ALWAYS increases in value…it is important to invest in gold I think! lol
Post # 10
Diamonds are only worth so much because it has been fed to us our entire lives how precious they are… even though nearly every woman on earth has one on their finger…
Post # 11
Diamonds are incredibly overpriced, think about it, nearly every woman in a middle-class or higher society has multiple diamonds. They are not rare, the diamond cartels started the whole “worth three months of pay” and began marketing them exclusively to couples who will pay more because they place a huge amount of sentimental value on an engagement ring. A huge perfect diamond will still be worth a lot though, since those are rare.
Post # 12
I do agree that they are not rare, and they have just been marketed really well. But I’m pretty certain that not almost every women on this planet has one on their finger. In fact most probably don’t…..
Post # 13
I think why are, which is why I got mossainite. It’s like buying a new car, once you drive it off the lot its not worth what you paid for it. Try pawning it or reselling it afterwards, it’s worth practically nothing like what you paid. I think it’s kinda…overrated and it’s something our society has made it become more important. Diamonds are also not as rare as they were thought to be back in the day. When diamonds grew in popularity it was a big deal because it was seen as rare and hard to find. Now everyone has one, how rare is that? People kinda give you a weird look or think you are “cheap” if you don’t buy a diamond because many people have them. I’d rather save my money because diamonds are NOT that important to me and jewelers know they can get away with charging you an arm and a leg for a diamond because society places importance on the diamond that is symbolizes love and wealth.
Another reason why I don’t like diamonds is the idea of blood diamonds or conflict diamonds. http://www.un.org/peace/africa/Diamond.html
Post # 15
I’m not really talking about pawns shops( they low ball you for anything), we were mostly trying to sell to jeweler because some of her stuff was also 50+ yrs. When that didn’t work as we had hoped we tryed craigslist and ended up selling there but still for a small faction of the appraised worth(think like 10%).
Post # 16
I still love diamonds! If you ask me everything out theres overpriced. Take handbags, put a d-label on them and price is jacked up four times!! Alas, whats a girl to do? Lol