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Why should you
invest in diamonds and diamond jewelry?
Diamonds do not take up any unnecessary space - diamonds have always
been regarded as a great exchange value. It's incredible that such a small item
can be worth so much money. A diamond worth thousands of dollars can easily be
kept in a small safe.
Diamonds last forever because they are extremely
durable and do not deteriorate. Because they are the toughest material found in
nature, you can be certain that nothing will ever happen to them as long as you
don't lose them (and even in that case they can be insured).
They are pleasurable - because diamonds do not
deteriorate or decay, the term "second-hand" has no meaning in the
diamond industry. You can wear them for fun as their value increases.
The psychological dimension - a diamond is a
physical substance that can be felt and touched. In contrast to stocks or other
virtual investments, it provides psychological reassurance in the investment.
How do you invest
wisely in diamonds and diamond jewelry?
Diamond investment is a straightforward concept based on
the fact that diamonds are a valuable physical material. One that is relatively
inexpensive to purchase as a gift for women, children, or as an investment. The
diamonds can remain in the family and retain their value. As a result, they can
be sold at any time, upgraded, or stored until their value rises.
Know the fundamentals (at the very least) - begin at the
beginning and study the fundamentals - the diamonds language. To begin, you
should understand the four basic and important characteristics of a diamond:
color, clarity, cut, and carat.
Set the budget based on the investment profile - if it is for
jewelry, what type of jewelry (earrings, ring, or pendant), and what cut are
you looking for. Alternatively, perhaps you prefer a large diamond as an
investment or a colorful diamond.
Buy a variety of diamonds rather than
putting all of your eggs in one basket. If your budget is 50,000 SGD, for
example, it is recommended that you look into your options and not necessarily
go with just one diamond; it is possible to purchase pairs of diamonds with
different cuts. Round diamonds are always in demand, but the market is
saturated with them, so you should consider diamonds of other shapes.
Compare prices - Once you've decided on the type of
diamond you want to buy and have received an offer, it's a good idea to go
online and compare the prices of diamonds with similar characteristics. You
will know you paid a reasonable and fair price this way.
Accreditation! - Consider how any change in diamond
accreditation affects its value. As a result, when purchasing a diamond for
investment (future sale), you must receive certificates detailing the diamond's
exact specifications. Every diamond can be certified by the world's best and
most stringent lab, GIA. Even if the diamond you want to buy does not have GIA
accreditation, it is worthwhile to invest $100 USD (the accreditation price is
determined by the weight of the diamond) and send it for professional
accreditation.
If you've come this far, you're probably serious about investing in a
diamond, inlayed or not. Investing in a diamond implies that you will want to
cash out and enjoy the profits at some point. Most likely, the future buyer
will have some kind of vision for the diamond's future, and in many cases, the
ring will be worthless. However, this does not preclude you from inlaying the
diamond you purchased as an investment! We strongly advise you to enjoy the
diamond, wear it, and let it sparkle until the sale. When considering selling,
consider whether the ring serves the purpose of the sale. If you decide it
doesn't, you can easily remove the diamond with the help of a goldsmith, and
then inlay a gem or a different diamond in the remaining ring to suit your personal
tastes and needs.
Check where you're buying from - to avoid
overpaying or receiving a forged certificate, only buy diamonds from a diamond
exchange! It is strongly advised to do some research and read reviews and
ratings on Google and other social media platforms.
What are the
drawbacks and risks of investing in diamonds?
When it comes to diamond investment, there are three major
disadvantages / risks to consider:
Diamond's market value - Unlike gold and silver, which
have indices that can be tracked on the stock exchange, diamond does not. Most
sellers use a pricelist called the Rappaport pricelist, but it is insufficient.
The pricelist only considers basic variables such as weight, clarity, and
color. Ultimately, the only factor influencing diamond prices is the market -
supply and demand. Based on their experience, traders buy certain diamonds at
prices that are more than 10% higher or lower than the Rappaport pricelist. In
fact, the Rappaport pricelist only includes colorless diamonds.
In terms of colored diamonds, there is no current market standard. The
only way to overcome this is to learn, gain knowledge, and work with
trustworthy sellers!
Selling a diamond - While purchasing a diamond is
straightforward, selling one is a little more difficult. Diamonds can be sold
to online trading companies in the same way that old gold can. If you have a
rare and unique diamond, you may be able to sell it at a special featured
auction or on a special online website. If you did your homework and purchased
a desirable diamond, you should have no trouble selling it.
Patience is required because the value of a diamond will not increase
by 30% in one year. As a result, diamonds are ideal for investment; you can
wear them and enjoy their beauty until their value rises.
In summary, every investment involves some level of risk. Diamond
investment has both advantages and disadvantages, but we believe that with a combination
of education and knowledge, the advantages outweigh the disadvantages,
especially since we are discussing a product that is common in modern culture
and in high demand, which most people would purchase at least once in their
lifetime.
With all of this new information, you will undoubtedly understand the
benefits and drawbacks of purchasing a loose diamond or diamond jewelry.
So, if you want to learn more about diamonds, follow the link below!
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