ARE DIAMONDS WORTHLESS? #shorts

Are diamonds worthless? Not quite-- there are business and market forces at play that determine price and give vendors the opportunity for a profit, but you should never forget this is a luxury product.

TRAXNYC.com

#Jewelry #Diamonds #TraxNYC

[NigelThornbery]

Those bags contain 90% failed SoundCloud rappers chains.

[janjanssen]

There are so many diamonds available in the world, if they would sell it and flood the market, the price would drop 90%…

[Tony-bibp]

I learned about diamonds when the pawn shop only offer me 200$ for my 5000$ diamond ring but 400 for my 800$ gold chain.

[jollygoodgordon]

lol expecting a jeweler to tell the truth about diamonds is like expecting a master chef to tell you his recipes

[jadelee]

There are SO many gemstones that are more rare and valuable than diamonds. The difference is they don't have the same monopoly placed on them.

[rumchata]

Most of the diamond world supply is being kept out of the market. It’s artificial scarcity to keep prices high

[wierd]

I like how he didn't say what he paid for them. The illusion of transparency.

[ashenmoonclash]

Only thing I buy with diamonds is diamond embedded saw blades for concrete and tile work. They are worth every penny there.

[scarfacetj]

“A luxury item that is cheaper bought in bulk”

Damn, diamonds are like weed

[Fanta....]

They look beautiful, but you'd have to have rocks in your head to buy them.

[dejamike]

De Beers basically set the price for the diamond market… they are pretty much the mafia of the diamond market 🤣

[The_NJM_Productions]

You are a good man, most of the people in Dimond business are liers

[greydeath]

This dude reminds me of that shady salesman named sally from every 90s crime movie

[ryan]

He didn’t tell you the price because he pays 10% of what he sells it to you for.

[Floridaman]

Diamonds aren’t rare at all.
They just control all of them.

[johnsnow]

Local gold scrapper/jeweler used to give me his recycled diamonds lol. I wipe my ass with this was his exact words! So that’s when I knew diamonds are not where it’s at.

[Edwin]

Love how he is so honest about his business.

[aashishsingh]

As soon as the street video started i thought he was going to hide a bag of diamonds there for people to find 😂😂

[DEBO]

They are technically worthless to the average consumer because the resale value is extremely low.

[khaliltheenlightenmentbomb]

*"Divorcees & Crushed engagement dreams"* are a profitable process of jewellery business...