41 Everyday Scams That Are Tough To Avoid
In 1947, the De Beers diamond syndicate created a brilliant marketing plan around diamonds and somehow convinced people that a diamond engagement ring was a necessary tradition. So couples began dropping big bucks on the stones, and the “tradition” continues to this day. But here’s the thing: diamonds are a massive waste of money. They’re useless, they depreciate like crazy (have you ever tried to resell a diamond engagement ring?!), and spending that much money on a piece of jewelry is a really bad financial decision. Yes, they’re pretty, but so are so many other precious gemstones! Plus some of those diamonds you’re buying to signify your love of a partner are blood diamonds.