That’s how I got a lavish engagement ring for my wife, I simply bought it used from a guy who’d bought it a year ago for a relationship that fell apart.
Met him at a jewelry store and had it verified and appraised, he had the receipt for the 12k or so he paid, it appraised for 16k (not sure why they appraise for more than the retail price), and I paid him 5k (CAD).
This was years ago, and I think it was a 1.4ct VVS2.
That same budget in store had me looking at sub 1 carat SI2 crap that was cloudy as all hell.
Diamonds have 0 resale value, not sure why people think otherwise when it’s so easy to see simply browsing used ads.
Met him at a jewelry store and had it verified and appraised, he had the receipt for the 12k or so he paid, it appraised for 16k (not sure why they appraise for more than the retail price), and I paid him 5k (CAD).
This was years ago, and I think it was a 1.4ct VVS2.
That same budget in store had me looking at sub 1 carat SI2 crap that was cloudy as all hell.
Diamonds have 0 resale value, not sure why people think otherwise when it’s so easy to see simply browsing used ads.