Rihanna, the hitmaker and fashion icon, has given a new meaning to the term “quiet luxury”. In a recent TikTok video, the 35-year-old “Umbrella” songstress strutted her stuff in a pair of Amina Muaddi sandal heels, which retail for $1,300. Adding even more drama to her look was a diamond toe ring. The dazzling rock, nearly the size of the digit it was placed on, is worth a whopping $1 million.
“Quiet luxury” is a trend that has been described as an understated wardrobe that exudes luxury without loud logos or branding. Rihanna’s take on the aesthetic, however, isn’t exactly quiet. Her video prompted excited reactions from her fans. One of her followers wrote, “Oh, to be as rich as Rihanna,” while another quipped, “Rihanna rocks a toe ring, so I went out and bought a toe ring.”
This bold fashion statement has left fans and followers wondering if the gem signifies a new chapter for Rihanna and her boyfriend, ASAP Rocky. Some fans even speculated if this was an engagement announcement. Regardless of the speculations, one thing is clear – Rihanna’s definition of “quiet luxury” includes rocking $1 million jewelry.
This move by Rihanna not only sets a new standard for ‘Quiet Luxury’ but also showcases her unique style and the fearless attitude she brings to the fashion world. It’s a testament to her individuality and her ability to turn heads with her bold fashion choices. Whether it’s a $1 million diamond toe ring or a pair of $1,300 heels, Rihanna continues to redefine fashion trends and set new standards in the industry.
The Value of a $1 Million Diamond
Investing in diamonds, especially high-quality ones like Rihanna’s $1 million diamond toe ring, can be a strategic move. Here are some reasons why:
Intrinsic Value:
Diamonds, particularly those of high quality and rarity, hold significant intrinsic value. They are not only beautiful and desirable but also durable and long-lasting. This makes them a valuable asset that can withstand the test of time.
Hedge Against Inflation:
Diamonds are considered an inflation hedge. This means they protect against the diminishing power of currencies caused by inflation. Therefore, the value of diamonds is not affected by financial crashes in the global market.
Global Recognition:
Diamonds are valued anywhere in the world. If you buy a diamond in one country, you can sell it at the same price or even higher in another. This global recognition adds to the resale value of diamonds.
Tax Benefits:
Another major benefit of investing in diamonds is that if you buy one and sell it afterward, you need not pay capital gains tax. There is also no VAT rate for purchasing diamonds. These tax benefits can increase the overall return on investment.
Long-Term Profitability:
The law of demand and supply suggests that as the demand for a good or product increases and there are limited resources, its price increases. Since diamonds are recognized all over the world and are considered one of the most valuable gemstones, the demand for them is always high. High-quality diamonds are rare, which further increases their value.
Resale Value of Diamonds:
When it comes to reselling diamonds, several factors come into play. The resale value of a diamond is anywhere between 25 to 50 percent of the original purchase price. So, if Rihanna decides to resell her $1 million diamond toe ring, she could potentially recoup between $250,000 to $500,000. However, the exact amount will depend on the quality of the diamond, market demand, and other factors at the time of resale.
