Diamonds Are Fool's Best Friend .
Q.I wear my diamond ring every single day. My husband has a diamond earring that he wears every single day (along with a ruby and sapphire). Why do you think there is no "use" made of these things? Good body art costs more than what I paid for my ring or his earring. But what's the appeal of having a "natural" diamond vs an artificial one if one can't tell the difference with the naked eye alone?
A.I hated spending the $500 at the time, but we got a good deal on a vintage set at an estate sale that fit with the theme of our "1920's style" wedding. My rings, including a 3 diamond engagement, diamond band and gold men's band were $1000 in 1976. I bought it in 1976. I was offered $1300 for a ring with the 2 side stones in1995 (The ring was only part of a original total purchase consisting of engagement ring, diamond band & gold band) And that is why I asked the question. You are correct that the money spent for the rings could have appreciated at a much greater rate if it were invested in something else. I think a lot of people believe that buying a good quality diamond wedding/engagment ring is an investment *in addition to* whatever else the ring means to them, but the diamond is a poor choice for capital appreciation. And most of the diamond ring owners will never sell the ring anyway. The only nice thing about diamonds is that they are portable - a good way of having a source of funds available to you anywhere in the world.
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