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People Are Really, Really, Really, Really, Really, Really, Really, Really, Really, Really, Really, Really, Really, Really, Really, Really, Really, Really Sure These 21 Industries Are About To Die
['Victoria Vouloumanos', 'Buzzfeed Contributor']
BuzzFeed - Latest
We don't have the money, we don't really care about them as social status symbols, and I realized a few years back that the prices are artificially inflated — jewelry stores put high markups on them because of slow inventory turnover, so they have to make up the cost.
And when you resell a diamond, it is not an investment.
You lose about 50% of its value right off the bat, anywhere from 25% to 75%, and most of the worth is now in the metal it's set in, not the diamond itself.
Please correct me if I'm wrong, but diamonds are an actual scam."