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It is what it is (suppo.fi)
submitted 5 months ago by to c/programmer_humor@programming.dev
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[–] 19 points 5 months ago (9 children)

TBH investing 15k in a diamond ring is a pretty shitty financial decision.

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  • [–] 5 points 5 months ago (6 children)

    I get really annoyed when people call their purchase an "investment". People are calling buying a ring, a truck, or a TV an investement, like that would justify the purchase.

    No wonder Americans are constantly broke.

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  • [–] 3 points 5 months ago (5 children)

    It's silly because the rain if a dowry (where the act of giving jewelry is hailing from) is as a financial back up for the (family of) the bride.

    This got commercialized by de beers to become the most romantic tradition, but as a purchase you are just buying a bunch of shiny carbon that depreciates by 40% when you exit the store.

    If that's your money worth, then be my guest.

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  • [–] 1 point 5 months ago (4 children)

    Actually only synthetic diamonds depreciate, the real ones stay the same, but that still means they're not an investment

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  • [–] 2 points 5 months ago (1 child)

    From New value? No they instantly depreciate. There's so much more stock than there's market for. This is very well controlled to resist overflooding the market.

    But if you walk out of a jeweler and get the same price for a diamond that you paid for it you are a genius.

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