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Most of you clearly know very little about diamonds.
Diamonds DO appreciate... simply as a matter of inflation, they will appreciate. My mother's wedding ring cost about $1000 back in the 70's, now it's worth about $13000, that's about double the rate of inflation alone. My own wife's ring was about $12k 10 years ago, now it's appraised at almost $25k.
Sounds to me this woman is just bitter. The agreement for her to finish her dissertation and then move out and give the ring back that she apparently backed out of even though he was paying the rent and bills during this time... any jury is going to award the plaintiff the ring, and since her own father was part of that agreement, I don't see how she's got a chance of winning.
"The ring Strasser financed with his savings, two credit cards, and a $30,000 personal loan..."
Geez...if that's all it takes, I could take out a $30K loan too, max out two of my cards and throw in some cash and buy a $100K ring too.
Quote:
Originally Posted by Katana49
Most of you clearly know very little about diamonds.
Diamonds DO appreciate... simply as a matter of inflation, they will appreciate. My mother's wedding ring cost about $1000 back in the 70's, now it's worth about $13000, that's about double the rate of inflation alone. My own wife's ring was about $12k 10 years ago, now it's appraised at almost $25k.
Try and sell it for $25K. You'll come to find out how optimistic those appraised values really are. They are replacement cost for insurance purposes and not a reflection of real market value.
My wife's ring appraised for 3X what I paid day after I purchased it. Probably the best return I've ever gotten with any sort of "investment" and made me wonder why I just don't quit my job and just flip rings I buy. Then I remember when my wife sold her ring from her previous marriage and got raked over the coals for it. So much for appraised value.
My insurance company was more than happy to insure the ring for the appraised value vs what I actually paid.
Last edited by BostonMike7; 09-27-2018 at 10:52 AM..
Most of you clearly know very little about diamonds.
Diamonds DO appreciate... simply as a matter of inflation, they will appreciate. My mother's wedding ring cost about $1000 back in the 70's, now it's worth about $13000, that's about double the rate of inflation alone. My own wife's ring was about $12k 10 years ago, now it's appraised at almost $25k.
Sounds to me this woman is just bitter. The agreement for her to finish her dissertation and then move out and give the ring back that she apparently backed out of even though he was paying the rent and bills during this time... any jury is going to award the plaintiff the ring, and since her own father was part of that agreement, I don't see how she's got a chance of winning.
Yeah they appreciate on paper. Now try selling it. You’ll never see those amounts.
The ring should go back to the lawyer who paid for it. I don't think it should matter who broke off the engagement, just that the marriage did not take place.
It is beyond me who could possibly want such a hugely vulgar and ugly ring anyway, but that's my opinion. I would be really embarrassed to be lugging that thing around on my finger - for what purpose? To show off and emphasize your social status and economic worth? Yuck.
Geez...if that's all it takes, I could take out a $30K loan too, max out two of my cards and throw in some cash and buy a $100K ring too.
Try and sell it for $25K. You'll come to find out how optimistic those appraised values really are. They are replacement cost for insurance purposes and not a reflection of real market value.
My wife's ring appraised for 3X what I paid day after I purchased it. Probably the best return I've ever gotten with any sort of "investment" and made me wonder why I just don't quit my job and just flip rings I buy. Then I remember when my wife sold her ring from her previous marriage and got raked over the coals for it. So much for appraised value.
My insurance company was more than happy to insure the ring for the appraised value vs what I actually paid.
Yeah, my $3,000 ring from my 1st marriage got me $100
The mineral ,gem are worth cents. Where they get inflated is from you the public buyer. How much can someone make off of you. Along with the jeweler who has to break/cut the stone. That really is an art. The setting plays another part. But no...its true value is not near what folks gloat in paying.
When I concede .withdraw from a contract (which what a proposal is),each party goes back to their original stance prior to. Meaning reset.
Most of you clearly know very little about diamonds.
Diamonds DO appreciate... simply as a matter of inflation, they will appreciate. My mother's wedding ring cost about $1000 back in the 70's, now it's worth about $13000, that's about double the rate of inflation alone. My own wife's ring was about $12k 10 years ago, now it's appraised at almost $25k..
Agree. I was surprised to read that someone thinks diamond jewelry depreciate in value the same way a car does. Also, some people buy jewelry, at least partly, for investment purposes.
Yup. Diamonds are BO-ringggg. If I had $100K to spend on a stone, I wouldn't waste it on a diamond. sia.
I agree, and I'm glad my husband does, too. He surprised me with an emerald engagement ring, because it matched my eyes. How romantic! I still love it 32 years later. But my eyes are hazel.
To the OP, I believe the man should get the ring back since they did not get married. The only exception I would make is if he is guilty of cheating or other such indiscretion which ended the relationship. There is little to go on in the articles but it doesn't sound like it was something like that.
Regarding the ring, he will unlikely get the $100,000 back that he originally paid for the ring. Diamonds do not appreciate in less than a year's time. Those who are sharing stories are talking about inflation and the cost of purchasing a ring 20 years ago vs. today. Also, the insurance value is rarely the actual cost you paid when purchasing the ring; its the replacement cost taking this into account.
I've been in a position of selling an engagement ring, four years after it was purchased (three years after I got married). It was nowhere near $100k but it was 2 carats of very high quality. I received approximately 65% of what my late first husband paid for it.
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