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It is what it is
(lemmy.nz)
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this post was submitted on 04 Jun 2026
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TBH investing 15k in a diamond ring is a pretty shitty financial decision.
I get really annoyed when people call their purchase an "investment". People are calling buying a ring, a truck, or a TV an investement, like that would justify the purchase.
No wonder Americans are constantly broke.
It's silly because the rain if a dowry (where the act of giving jewelry is hailing from) is as a financial back up for the (family of) the bride.
This got commercialized by de beers to become the most romantic tradition, but as a purchase you are just buying a bunch of shiny carbon that depreciates by 40% when you exit the store.
If that's your money worth, then be my guest.
Actually only synthetic diamonds depreciate, the real ones stay the same, but that still means they're not an investment
From New value? No they instantly depreciate. There's so much more stock than there's market for. This is very well controlled to resist overflooding the market.
But if you walk out of a jeweler and get the same price for a diamond that you paid for it you are a genius.
she sells sea shells on the sea shore or something
TIL synthetic diamonds are distinguishable from natural ones
Yes they are closer to flawless
Depends how much money you have.
No its quite simliarly shitty. It's just that you may care less. Though out of experience the richest people tend to be the stringiest folks around, out of habit trying to get everything for free.