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.

[–] Akasazh@lemmy.world 3 points 11 hours ago (1 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.

[–] adhdsergio@lemmy.world 1 points 9 hours ago (2 children)

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

[–] Akasazh@lemmy.world 2 points 8 hours ago (1 children)

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.

[–] plutopos@lemmy.zip 1 points 7 hours ago

she sells sea shells on the sea shore or something

[–] plutopos@lemmy.zip 1 points 7 hours ago (1 children)

TIL synthetic diamonds are distinguishable from natural ones

[–] adhdsergio@lemmy.world 1 points 5 hours ago

Yes they are closer to flawless

[–] dream_weasel@sh.itjust.works 3 points 22 hours ago (1 children)

Depends how much money you have.

[–] Akasazh@lemmy.world 4 points 21 hours ago

No its quite simliarly shitty. It's just that you may care less. Though out of experience the richest people tend to be the stringiest folks around, out of habit trying to get everything for free.