Is it really worth it to spend 20k on a diamond engagement ring even if you can afford it? Gold jewelry is still kind of an investment but diamond..what can you do with it if you go broke in the future?
I read the OP's post as just wanting to make sure that there is some value to a used diamond. Not that there is an actual plan to sell it at some point, but that it's nice to know that it could be an option in case of an absolute dire emergency, which could happen to pretty much anyone no matter how rosy things are at the present time. (Even with good health insurance, co-pays could be enormous if you had a very serious extended illness, etc.) That's the way I think, but I could be completely wrong about what the OP meant.
I have not read the $100,000 ring thread yet.
Oh that is good to know!You're absolutely right! I am not planning on selling it or anything like that. I just want to know if it's a wise decision to spend 20k on a ring. I can afford it but is it worth spending it on a ring? What can you do with the used diamond if you want to upgrade it to a different cut and you are not able to afford a new one
Next to cars and residences an engagement ring will be one of the most expensive and stressful purchases you will make. Fortunately, there is a really easy solution: handle it like you would any other expensive purchase. As a couple.