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by uribs 4835 days ago
Isn't it much better to get very expensive gold jewelry instead of diamonds if one wants some?

That's also shiny and should keep its value much better (since gold requires nuclear reaction to make).

3 comments

I remember reading an article about a guy who stole a lot of money, then used it to buy diamonds. He got caught. The people he stole from thought "oh, not too bad then. We'll just sell the diamonds to recoup the money." But apparently no diamond vendors would buy them at anywhere near the price the thief did because diamonds are already marked up so much.
got a link for the article?
The blog says that gold jewelry is also a terrible investment, but it's a much better investment than diamonds.

Depending on how expensive the jewelry would be, it might be cheaper to buy your own lumps of gold and have someone craft them into jewelry.

Most of the value isn't in the gold but in the effort of making it and the markup that comes with that. You would be better of buying gold bars.