Who has bought any diamonds recently?

[DiamondsNPearls]

I’m on the fence still creating my ring but my stone that I want is still available at an excellent price.

Wanted to check in with other PS-ers to see if they are investing in rings/diamonds now or waiting til after all this COVID-19 passes..

 

[elizat]

Buy what you can afford and what is financially comfortable. I am not changing my personal habits, but I have a job that I work remotely a one or two days a week anyway. If we have to go fully remote, I am good. I'm an attorney. My work will still remain. People will still get sued everyday and the only thing different so far is that the courts want hearings by phone and have cancelled jury and bench trials until April. But everything will end up reset eventually.

If I worked in an industry that was subject to fluctuation or unpaid time off, I would probably rethink it. But my civil litigation practice isn't going to go away due to this.

 

[WillyDiamond]

If you believe it is an excellent price, then go for it.

 

[elizat]

P.s. you seem very on the fence about this purchase. Why not hold off until you feel more certain? There's no reason you have to buy a diamond.

 

[theshirlgirlNS]

I took the plunge last week on a diamond upgrade that will arrive in a few days. I'm staying optimistic. That said - you have to do what feels right for you.

 

[meesmom]

I would totally be ok buying a diamond right now. However, i was supposed to have my earrings redone with new posts and i may hold off on that for now, only bc i dont want to be without them for too long.

 

[OoohShiny]

Wanted to check in with other PS-ers to see if they are investing in rings/diamonds now or waiting til after all this COVID-19 passes..

Don't forget that diamonds aren't really an 'investment' - they are more a 'store of value', although the size of that value will depend on the stone specs, the market, and how quickly it needs to be sold...

 

[RunningwithScissors]

Perhaps you could ask if the seller could come down in the price? I know you said the stone is a bargain already, but would you be more excited to pull the trigger if you could get it at an even better price? It never hurts to ask.

 

[joelly]

Stay positive but do what feels right.

 

[DiamondsNPearls]

Are the new financing rates a good deal to finance diamond purchases? Asking for a friend...

 

[MakingTheGrade]

I got a new diamond because it seemed like quite a rare find at a great price and i had the spare funds to do it. So I did !

I think it’ll hold value better than any other luxury item I’d enjoy for a similar price.

 

[KKJohnson]

I bought a pair for earrings, I’ve been wanting to do this for awhile and found the perfect pair so couldn’t pass it up

 

[joelly]

Are the new financing rates a good deal to finance diamond purchases? Asking for a friend...

How much is the rate?

 

[MelloYello8]

Are the new financing rates a good deal to finance diamond purchases? Asking for a friend...

If it were me, I’d only consider financing something that wasn’t real estate or a vehicle if the rate was zero. Even then, I recently turned down zero interest financing for a larger ticket purchase in favor of using a credit card I already had on hand that had zero interest for more than a year in addition to a promotional 3% cashback. Some sellers will offer a cash discount which would negate a low/zero financing offer.