Is it wise to put your money in diamonds?
As a hedge against inflation, it is wise to put your money in gold and silver coins or items that will retain their value Scottsdale diamonds in case of a market crash, inflation, or unexpected crisis that might cause your currency to lose its value overnight.
If you have the money, diamonds are a worthwhile investment provided the diamonds you invest in are rare enough. Also, be aware of the price of the diamonds, based on the 4 Cs, Carat, Clarity, Cut and Color. This diamond price list is updated every week and provide you the price choice of diamonds by carat weight so you get a gauge of how much the diamonds you intend to buy are actually worth.
It is very easy to get burned when you invest in diamonds. In the 1970s, telemarketers from Chandler, Arizona pushed loose diamonds at purportly wholesale diamonds to prospects who had just closed brokerage house accounts. They claimed to be from De Drinks. These diamonds would be in sealed plastic packets and the buyers were told that the diamonds were guaranteed for resale as long as these were kept in that sealed bundle, unopened. In the event that’s not a scam, what is?
Like anything of value, if you buy loose diamonds, you should be allowed to examine them out of their package and return them within a guarantee period if they are not right.
When you invest in diamonds, choose diamonds that you can market. For that reason, round diamonds are your best bet as investments. They are the easiest to sell. Stay away from inferior diamonds. They might look fine on jewelry but when you try to market those less well off quality diamonds, you’ll be disappointed. The rarer the diamond, the better the investment it would be. At the end of the day, pricing is all about demand and supply. The bottom the supply, the rare the diamond, the higher its price.
If you are set on investing in diamonds, don’t bother with anything below 0. 5 carats. Go for the bigger rocks, exquisite, or internally exquisite diamonds.
Colorwise, go for D or E or F color, D being the best. Either that or go for the other end of the array. Canary yellow diamonds, naturally colored diamonds with strong enough colors may well be rarer so because of this more valuable than the white ones.