Originally posted by: bsobel
Originally posted by: minendo
I went and got my fiancees ring appraised. Bought it two months ago and the appraisal came in at $1300 more than I paid for it.
No offense, but they always do. Many companies will promise their diamonds to apprais for at least double. Now, it's of cours up to you to find a buyer willing to pay the apprasied price. But, if you have a loss (and it's insured) at least you have a number likely to allow you to replace the item.
Eh, I don't know about that. When I was shopping for my fiancee's ring I compared the price I paid to diamonds in the mall stores. I found rings there that were substantially lower quality selling for $1500 more than what I paid. I doubt those rings would have appraised for much more than what they were selling for.
You're right that I wouldn't be able to find someone willing to pay ME what it appraised for, but there are suckers out there who would pay a STORE what it appraised for. Second-hand diamonds don't sell for much, probably for the same reason that a lot of people wouldn't buy an artificial diamond... the stigma. They may be the same in every way, but if it comes from a machine or from some guy who got dumped, women don't want it. They'd rather make us pay prices that are ridiculously artificially inflated, because De Beers convinced them that diamonds are rare. Not that it matters if you'll be able to sell it for that price, you don't generally buy a diamond with the intention of ever selling it.