The origin of the star lotus world

Chapter 2596 (5)

Chapter 2406 (5)

I remember many years ago, some of my colleagues got married, and I heard that some of their friends got married or engaged. Later, the children of my family's classmates got married, and the children of my relatives got married. Most of those people used diamond rings for their weddings, which probably cost at least several thousand yuan, and some even cost tens of thousands of yuan, depending on their family background or how much they cared.

During the wedding ceremony, the newlyweds, dressed in wedding attire, exchange wedding rings amidst the blessings and witnessing of family and friends, symbolizing their commitment to love. This is a common practice at weddings in big cities.

Some couples and families place great importance on their weddings, and the more luxurious the diamond rings or other precious stones they use may be.

In those years, few people bought gold rings as wedding rings; diamond rings were considered more prestigious, and their prices were said to have increased year by year. Diamonds with excellent facets shone brilliantly under light. Some couples with larger wedding budgets would buy heavy gold bracelets and chains to wear with their weddings.

Common rings weigh only a few grams, leading many to believe that setting them with mid- to high-end diamonds and gemstones makes them appear more luxurious and sophisticated than pure gold jewelry.

It is said that some celebrities own diamond rings and watches worth tens or even hundreds of millions of yuan. Some top-quality diamonds weighing hundreds of carats have even fetched top prices of hundreds of millions of yuan at auction.

Top-tier jewelry still enjoys a following among the wealthy, but only truly exceptional pieces command high prices due to their rarity. Some of the highest quality items may remain confined to circles of the wealthy. In terms of market trends, only truly exceptional items possess significant value; the rarer they are, the more valuable they become.

Diamonds enjoyed high prices for decades, but now the buyback price for mid- to low-grade diamonds is incredibly low. In contrast, the base price of gold has increased several times over, making it an ideal long-term investment.

High-end diamonds still have high value, but ordinary people cannot easily own such expensive items. When they are sold, unlike precious metals, there are no reference prices for recycling, which can be found online.

If someone bought that platinum ring with micro-diamonds that cost over six thousand yuan at that shop, it should be worth three thousand yuan when the price of platinum was high. However, the micro-diamonds are so small that their resale value is likely negligible.

Many diamond-encrusted items are expensive when sold, but their resale value is far from ideal.

Some shops only recognize precious metals and will ignore small diamonds, which can be removed and kept by the customer. Some goldsmiths offer jewelry processing services, where customers can pay to have their jewelry reworked and made into new, reusable pieces.