The more intelligent approach is proving how difficult it is to sell diamonds compared to gold. Diamonds needs to be seen in person, the level of sparkle depends on how great it's cut, impossible to see from a blurry picture. However diamonds aren't worthless! you just have to know how to sell them. TIMING & COMPETITION has EVERYTHING to do with how much you get from an item on Ebay. Type of merchandise, supply & demand, how & where you are selling items are better indicators of a market.
This man is right on the money regarding diamonds. I went to a local pawn shop,and bought an art deco 18k gold ring with 4 diamonds of .25 each. for only 125.00 which were filthy dirty, even dried on food on the back side. GROSS! I cleaned it up, and just WOW. 3 C's all the way,and Weighs 3.4 grams of gold, so if I calcuate what I paid for it, they didn't make much money off of me. Sooo, don't go to a jewelry store,and shell out tons of money..OH, FYI! They hate pawn shops! Listen to this man!
I just went on ebay and I dont see any rings of that similar quality at an extreme low price... I just viewed a 1.8 carat center stone and its even clarity enhanced and the bids so far put it in $1900 with 8hrs to go... It is true that the value of diamonds have went down allite but your $350 winning auction for a 2 carat solitare must have been a one of a million deal..or there was a error in the listing...
I posted this as a question? A newer listing can be found at 110569852925. Appraised at $7,625. Sold for $430. 14K / 2. CTW.
A single diamond of 2 CTW will bring a hefty price if it has the three C's. A diamond ring with many diamonds that has a total ctw is worth much, much less. Thanks for your post.
Great video, lots of good information. I've never understood why women get so all hung up on diamonds. They've always been a bad investment far as I'm concerned. But try and tell that to my wife. No way!
...Diamonds are essentially shiny rocks to gull the credulous, whose primary value is in the labor (also now industrialized) involved in cutting them, and in an outdated reputation for worth. If you have a big cup of diamonds, save 'em to bribe ignorant apparatchikni when the economy collapses and people are standing in line for gub'mint ration cards and travel papers. A couple of sparklies might get you a place in the front of the line. =^[.]^=
There is a diamond cartel consisting of the big companies (DeBeers and the Russian consortiums) which fixes the price of diamonds on the market. Only a tiny fraction of what is mined ever gets cut, polished, and put on the market. Diamonds are CARBON, not Gold, or even Silver, and even gem-quality stones aren't particularly scarce, though they once were, before modern mining tech changed things up. It's as if Aluminum had stayed as valuable as it was to start...
Yes they're worthless. They are just rocks.
Steviefan6 8 months ago
The more intelligent approach is proving how difficult it is to sell diamonds compared to gold. Diamonds needs to be seen in person, the level of sparkle depends on how great it's cut, impossible to see from a blurry picture. However diamonds aren't worthless! you just have to know how to sell them. TIMING & COMPETITION has EVERYTHING to do with how much you get from an item on Ebay. Type of merchandise, supply & demand, how & where you are selling items are better indicators of a market.
zerenitythoughts 1 year ago
This man is right on the money regarding diamonds. I went to a local pawn shop,and bought an art deco 18k gold ring with 4 diamonds of .25 each. for only 125.00 which were filthy dirty, even dried on food on the back side. GROSS! I cleaned it up, and just WOW. 3 C's all the way,and Weighs 3.4 grams of gold, so if I calcuate what I paid for it, they didn't make much money off of me. Sooo, don't go to a jewelry store,and shell out tons of money..OH, FYI! They hate pawn shops! Listen to this man!
diamondbaby59 1 year ago
I just went on ebay and I dont see any rings of that similar quality at an extreme low price... I just viewed a 1.8 carat center stone and its even clarity enhanced and the bids so far put it in $1900 with 8hrs to go... It is true that the value of diamonds have went down allite but your $350 winning auction for a 2 carat solitare must have been a one of a million deal..or there was a error in the listing...
blai745 1 year ago
@blai745
I posted this as a question? A newer listing can be found at 110569852925. Appraised at $7,625. Sold for $430. 14K / 2. CTW.
A single diamond of 2 CTW will bring a hefty price if it has the three C's. A diamond ring with many diamonds that has a total ctw is worth much, much less. Thanks for your post.
Greg
ScrapGoldBusiness 1 year ago
@ScrapGoldBusiness I live in NYC and there's a burger king across the street from Ground Zero. Why isn't called "Ground Zero Burger King"?
pjmgame 1 year ago
thanks greg
suddy669 1 year ago
I will take those worthless diamonds off your hands for a few bucks.
5mm or larger. Also interested in other stones as well. I am a jeweller
who teaches classes on stone setting and they would come in handy for my students projects.
TribulationWarrior 1 year ago
I have a hard time explaining that to my customers also, thanks for the ebay link
lucastactical 1 year ago
Great video, lots of good information. I've never understood why women get so all hung up on diamonds. They've always been a bad investment far as I'm concerned. But try and tell that to my wife. No way!
waybrook 1 year ago
Really Informative video.I always wondered about how much they paid for jewelry with precious stones.
mclaren779 1 year ago
$388 and FREE SHIPPING .....WOW
frontier1701 1 year ago
keep up the great vids man :)
010countryboy010 1 year ago
Now this is info u can take to your bank (unless ur bank was taken over by FDIC) :P
bigdreamerforeva 1 year ago
That was an extremely informative video - Wow, that opens my eyes up! Thank You!
bsaorders 1 year ago
Its the truth. Don't worry about the finger, just keep on your hand..LOL!
spooderdoggy 1 year ago
...Diamonds are essentially shiny rocks to gull the credulous, whose primary value is in the labor (also now industrialized) involved in cutting them, and in an outdated reputation for worth. If you have a big cup of diamonds, save 'em to bribe ignorant apparatchikni when the economy collapses and people are standing in line for gub'mint ration cards and travel papers. A couple of sparklies might get you a place in the front of the line. =^[.]^=
Raycheetah 1 year ago
There is a diamond cartel consisting of the big companies (DeBeers and the Russian consortiums) which fixes the price of diamonds on the market. Only a tiny fraction of what is mined ever gets cut, polished, and put on the market. Diamonds are CARBON, not Gold, or even Silver, and even gem-quality stones aren't particularly scarce, though they once were, before modern mining tech changed things up. It's as if Aluminum had stayed as valuable as it was to start...
Raycheetah 1 year ago
Thanks for sharing.
prudentinvstr 1 year ago
they put them in new ring settings ... lot of us know this to be true
EvesUnderground 1 year ago