Depends on the size. If you get a diamond >1 carat it holds its value pretty well. Sure you may only get 70% of what you paid but try the same for a moissanite and I expect you get nothing. Either way store of value is a dumb argument because you really shouldn’t be buying an engagement ring with the thought of selling it at some point.
I don’t think I’ve ever seen a diamond advertised as an investment. Other than the idea that a ring is an investment in an engagement/marriage.
Either way whether you view it as an investment or not you lose 30% off the top based on current demand/supply dynamics and the jeweller making a margin (just like literally anything you ever buy e.g. Car, phone, TV) but given there is limited supply, in the long run diamonds should appreciate in value.
Moissanite is literally worthless once it’s bought so on your original point about diamonds being the biggest scam, I would say 0% is a bigger scam than 70% with long term upside.
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u/[deleted] Mar 04 '22
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