Re:Have You Ever Tried to Sell a Diamond? (1982)
by rmc on Tuesday September 18, 2012 @02:15PM
(#4539623)
Do engagement rings have a large resale value anyway? This is a whole article about the marketing push for diamonds. I can't imagine what "second hand ring" would say....
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Re:Have You Ever Tried to Sell a Diamond? (1982)
by liber8 on Tuesday September 18, 2012 @03:59PM
(#4540181)
That's sort of the point. The ring itself is only really worth whatever the metal weighs because nobody wants a "used" ring. So if you sell the ring to a jeweler, he is almost certain to melt it down and recast it. Whatever you paid for the craftsmanship/design of the ring is literally melted away.
The stone is another story. It's very easy to resell/reuse good stones, although as the article indicates, the value you'll be able to recoup isn't exactly great.
Re:Have You Ever Tried to Sell a Diamond? (1982)
by rmc on Tuesday September 18, 2012 @04:34PM
(#4540363)
Yes that's true, but I'd presume a lot of what you pay for in a diamond ring initially is not the cost of raw materials, but the symolism, and hence a diamond ring would lose value.
I was thinking you'd lose money either way if you went with diamond vs. non-diamond, so "you'll lose value" is not a compelling argument for non-diamond.
Re:Have You Ever Tried to Sell a Diamond? (1982)
by brc on Tuesday September 18, 2012 @07:10PM
(#4541053)
Everything about a wedding is front-loaded to an exreme. From photos, to flowers, to cars - when it's a wedding the price is loaded. It's a complete rort, everyone knows it is going on, yet - there it is, everyone just pays up. Because nobody wants to be seen to be cheap.