Diamonds are the jewelry that many people seek for because of their rarity as well as their symbolism. Many people love to wear them and give them to their loved ones, but obviously they are very expensive in terms of price. In addition to buying a diamond as an ornament, it can also be used as an investment commodity. But is diamond investment really a good investment?
Imagine a scene where a man kneels on his knee and takes out a diamond ring that represents the oath of marriage to court his beloved woman. Diamond rings do bring joy to the couple. And what is its value when it comes to investment?
Table of Contents
You will Learn in this Passage
- Diamond Jewelry Current Picture
- Why Diamond Jewelry is a Good Investment?
- Six Diamond Jewelry Buying Tips
Diamond Jewelry Current Picture
Let’s come to the first one. Many financial experts don’t recommend investing in diamonds for a profit, but based on the current situation, it may be possible to put their advice aside for the time being. Here are the specific reasons.
Dropping prices going value of diamonds has been steadily decreasing over the years, and the increased diamond mining has led to lower purchase prices. Diamond gems purchasing is affected by these two aspects. Of course, it is also affected by other factors, for simulator diamond crystal may grab parts of the market share, and other jewelry, ruby and sapphire, is also an option.
However, buying diamonds as an investment may also yield a certain return to a certain extent.
1. Profit Factor
Labeled prices of diamonds, like other commodities on the market, include processing fee, taxes sometimes and other costs. Diamonds, with no doubt, shall be worthless than you would have paid for them at the very beginning.
2. In Short of Market
Selling a diamond for a second time is not easy unless it is really sophisticated or endowed with significant meaning. All men have their own tastes, so the diamond ring you wear on your hand is not usually suitable for others. In the process of buying jewelry, it is necessary to think carefully about its value, including its color, clarity, carat and cut(4C), which is indispensable before setting about diamond investment.
Diamonds enjoy popularity for their 4C, and if there is nothing outstanding about these, it is unworthy of investing.
3. Fixed Form
Diamonds are not like gold that can be melted and redesigned, or have storage value like currency. In general, the best thing you can do is to make sure the diamond is sparkling, because the fact is that the color of a diamond dims over time. Many people buy diamonds because of their beauty, but most do not for that reason.
Why Diamond Jewelry is a Good Investment?
Diamonds are bad investments. Oh no, forget about this nonsense. Many people disagree on it. Wise men believe that with good planning and professional advice, you can make a big deal out of your investment in diamonds.
Investing requires patience, and so does diamond investing. Once you decide to invest in diamonds, you should be prepared that there will be no returns in the short term.
1. Infinite Gem
Resources are limited, and diamonds are no exception. In particular, under the context that mining and demand increases day by day. With that in mind, you can believe that a one-carat diamond is worth much more than that. If diamond mining slows down or even stops, it is the best time to peddle all your diamonds.
2. Form of Currency
When inflation comes, you can swap diamonds for cash. The value of diamonds is more stable than currency and safer than bond investments, that is the reason why so many people tend to invest in diamonds. Ultimately, they are easy to sell and all you have to do is to visit your local diamond buyer and have them evaluate your jewelry piece.
Six Tips on Buying Diamond Jewelry
1. Learn to Tell the Value
Successful investment requires a large amount of information to be stored, and on top of it , to analyze the information and finally to make a correct and reasonable decision. The wise do not fight unprepared battles. Homework about diamonds before deciding to buy them can be done in four ways, namely 4c,clarity, cut , color, and carat.
The fewer diamond imperfections, the better. The diamond cut is responsible for its color. As for the color , the whiter the better, and carat, the heavier the better.
2. Have Enough Disposable Money
Addition to diamond knowledge, the most important thing is to make sure that you have enough disposable money. Otherwise, no matter how much knowledge you know about diamond investment, without money, the talk is the talk, you never walk. Also keeping in mind that diamond investment takes time, make sure that the money you invest is not the cost of maintaining your basic living expenses.
3. Keep the Certificate
The appraisal certificate of the jewelry is of great importance because it is a kind of proof for the value of the jewelry. These certificates are usually issued by the Gemological Institute of America (GIA)which is the globally affirmed gem accreditation agency.
4. Embrace Expert Opinion
Being a diamond expert is not a piece of cake, so when you encounter new and unfamiliar jewelry, you’d better to consult an expert to make sure you don’t back a very lame horse. Expert appraisals can help you make the right choices.
5. Consider the Metal Set
A well-placed diamond metal set can increase the value of the diamond. Gold, white gold can be your choice, one of the most important elements is that it should be as hardy and durable as your diamond.
6. Start to Purchase
Finally, it is time to start purchasing, and there are usually two ways to buy, go to a physical store or buy online. Either way, be sure to double-check all the details, diamond specifications, the specific process of purchasing, and so on.
Conclusion
Considering all the preparations for buying diamonds and having enough disposable money on hand, you may consider starting to buy diamonds. Based on the above analysis, diamond investing can be one of your investment lists for the next half century.
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Also read: Expert Advice on How To Choose a Beautiful Diamond
