Well, that’s true for pretty much any luxury brands. Look at how many people pay for the fancy “designer” clothing items and accessories with branding plastered all over it (Gucci, MK, Boss, etc), where the quality isn’t any better than the “pleb” versions, and they’re often more expensive than custom tailored items that’ll look way better.
Vanity purchases are absolutely a thing. I’m glad my wife was cool with a relatively inexpensive ring (<$1k) and doesn’t care much for jewelry in general. But the rest of her family is another story, and they love all of that vain nonsense. So instead of wasting all of our money looking rich, we’re able to afford things like a home and plan for retirement.
wtf there are people who want to pay more for diamonds to brag about how much they paid for a shiny rock…
This wouldn’t even be dumb if it weren’t for the fact that diamonds have practically no significant resale value.
At least if you buy something like a gold ring, you’ll know that it will be worth at least the melt value of the gold later on.
Well, that’s true for pretty much any luxury brands. Look at how many people pay for the fancy “designer” clothing items and accessories with branding plastered all over it (Gucci, MK, Boss, etc), where the quality isn’t any better than the “pleb” versions, and they’re often more expensive than custom tailored items that’ll look way better.
Vanity purchases are absolutely a thing. I’m glad my wife was cool with a relatively inexpensive ring (<$1k) and doesn’t care much for jewelry in general. But the rest of her family is another story, and they love all of that vain nonsense. So instead of wasting all of our money looking rich, we’re able to afford things like a home and plan for retirement.