Money Magnet Posted March 12, 2005 Author Report Share Posted March 12, 2005 In obtaining any type of a loan, what would be a good source of collateral ?A lot of people tell me a car, real estate....WHAT ABOUT DIAMONDS ? Link to comment Share on other sites More sharing options...
Money Magnet Posted March 12, 2005 Report Share Posted March 12, 2005 In obtaining any type of a loan, what would be a good source of collateral ?A lot of people tell me a car, real estate....WHAT ABOUT DIAMONDS ? Link to comment Share on other sites More sharing options...
score booster Posted March 20, 2005 Report Share Posted March 20, 2005 Only if they cut glass. Link to comment Share on other sites More sharing options...
divemedic Posted March 20, 2005 Report Share Posted March 20, 2005 Remember that the retail value of a diamond (what you pay even in discount diamond outlets) is actually 4 times the wholesale value. A diamond you paid $2000 for is worth no more than $500-$800 wholesale. Link to comment Share on other sites More sharing options...
admin Posted March 29, 2005 Report Share Posted March 29, 2005 And the prices of diamonds are artifically inflated, due to the deBeers cartel. Diamonds are actually a fairly common stone. Emeralds, for instance, are a very rare stone, and certain kinds of sapphires. It's only through the cartel's agreement that keep prices up. Link to comment Share on other sites More sharing options...
CreditSuperstar Posted March 29, 2005 Report Share Posted March 29, 2005 Moissanite looks better than diamonds anyway! Link to comment Share on other sites More sharing options...
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