They're not investments or assets, so don't buy them with the assumption that they are, or that they're going to go up in value.Shondra|1479477045|4100140 said:I read somewhere that you can rarely sell a diamond for more than you bought it for. I just want to know if this is true of all diamonds or just some. I would love to think that when I buy diamonds, it's more like investing in an asset.
kenny|1479489037|4100245 said:Diamond prices go up and down.
But that's not the main reason diamonds 'devalue', as you put it.
Unlike gold, silver, or a bushel of wheat, diamonds are not a commodity with the universally-agreed to price that everyone buys and sells at (after a relatively small commission).
You and I must pay retail price for diamonds, but the market is such that we only get wholesale price when selling them.
That is the main reason they 'devalue',
Wholesale is half or perhaps a bit more of retail.
Nearly always diamonds are a horrible 'investment', regardless of diamond vendors might tell you.
Buy them because you love them.
ame|1479489110|4100247 said:They're not investments or assets, so don't buy them with the assumption that they are, or that they're going to go up in value.
Rockdiamond|1479490459|4100257 said:kenny|1479489037|4100245 said:Nearly always diamonds are a horrible 'investment', regardless of diamond vendors might tell you.