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Friday donβt forget to #stretch
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In 2006 when I got engaged, my wifeβs engagement ring was the most expensive thing I had ever purchased. My wife was clearly the best investment of my life. Although her ring π 2006 vs. 2026 price per carrot is essentially flat to slightly down over the 20 years, which is a remarkably poor return for an illiquid asset.ββββββββββββββββ
Diamond π Pricing a 30-year story 1-carat round natural diamond (D-I color, VVS2-SI2 clarity) β’ Prices rose ~4x from 1996 β 2022 peak β’ Then crashed ~35β45% in just 2β3 years β’ Lab-grown diamonds (now 45%+ of engagement ring sales) killed demand and the correction is still ongoing Net Result: A 1-ct round natural diamond you bought in 2022 has lost nearly half its value. One bought in the mid-2000s is roughly flat after the recent crash. Was not a good longterm store of value.ββββββββββββββββ
exercise of the week 4 sets of 12 presses no, that guy is not me
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Welcome to MattA spacestr profile!
About Me
coffee. family. bitcoin. craft beer. gym. sandwiches. tequila. gardening.
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