De Beers Pulls "Last Resort" Price Cut As Diamond Price-Floor Crumbles
(www.zerohedge.com)
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Except for a few industrial uses, diamonds have little intrinsic value. People seek after them because they are shiny objects and are considered "rate"... although part of that perceived rarity is due to a tightly manipulated market. I'd rather hold gold and silver.
And they count on you holding for sentimental reasons...friend at work was going to downsize and sell his wife's five grand rock....place he bought it offered two grand store credit
After 20 years my wife's wedding rings are showing wear. They are fused together to reduce wear and are a thick square shape to keep them centered.
The Jewish family owned jeweler (shocking...I know 🙄) said it wasn't worth the work to repair her rings and then proceeded to show us new $10,000 flimsy thin rings that hardly had any gold in them.
She still wears her old rings and prefers them.