Originally posted by: JImmyK
Diamonds have NO resale value at all, it sucks. He is lucky to be getting 600. Took a 9,000 ring to a pawn shop just for craps and giggles and they offered $1,000...
I don't think anyone goes to a pawn shop to get a good deal on a resale first off...
Lol yes diamonds are valueless once sold as a ring. Come on people, it's made of gold and diamonds they don't depricate. You only get screwed on the upfront cost. Which sadly is why you *never* pay retail for jewelery.
The ring will never be valued less than the weight of the gold and diamonds in value.
The rest of the people talking about how classy it is, are ridiculous. It's a ring for cripes sake. Even if you think you are getting a retail ring first hand, you are not. The stones are mined, sold to a diamond merchant. The diamond merchant then sells the stones to retailers. The retailers may sell the stones to another retailer or fit the stones into a ring.
After that little chain of events, you are not the first owner of the stones so why would you pay full price for them anyways?
Take it from a guy who spent about 4000 bucks on the "upgrade" ring in retail, only to find how much it was marked up later. The jewelers are there to make money, make no mistake about that. Granted the ring I bought my wife is nice, but it still sucks thinking about how much I overpaid for no reason. I could have gotten a nicer stone, a better jeweled band, or just saved some money. God forbid a man doesn't spend ever last dime he has on a ring for his wife...