(Closed) Are Diamonds Worthless??

posted 10 years ago in Rings
Post # 3
Member
3572 posts
Sugar bee
  • Wedding: April 2012

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
Member
653 posts
Busy bee
  • Wedding: August 2011

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
Member
1735 posts
Bumble bee
  • Wedding: October 2011

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
Hostess
7941 posts
Bumble Beekeeper

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
Member
1374 posts
Bumble bee
  • Wedding: November 2012

I would say generally yes, it is like a brand new car that you drive off the lot

Post # 8
Member
2975 posts
Sugar bee
  • 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
Member
103 posts
Blushing bee
  • Wedding: June 2012

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
Member
1496 posts
Bumble bee

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
Member
515 posts
Busy bee
  • Wedding: July 2011

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
Member
1735 posts
Bumble bee
  • Wedding: October 2011

@Mrs.ChubbyBunny:

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
Member
530 posts
Busy bee
  • Wedding: July 2012

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 # 14
Member
2268 posts
Buzzing bee
  • Wedding: May 2011

yes

Post # 16
Member
424 posts
Helper bee
  • Wedding: October 2012

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

The topic ‘Are Diamonds Worthless??’ is closed to new replies.

Find Amazing Vendors