This is something from our friend Aleah Siegal and Aleah knows what she is talking about.
Why Diamonds are a Good Investment?!
A common topic of conversation is whether diamonds are a good investment . In comparison to investments such as stocks and bonds, diamonds can be considered a good investment to the jeweler who has access to an active trade that values and moves it’s product. However, for the retail customer, diamonds are not as liquid as other investments.
For the retail customer, it is probably more prudent to recognize the long-term value of diamonds in comparison to the gift market. Cars rust, furniture wears, flowers wilt, but diamonds truly do retain value. I hope these tips are interesting, they might help you sell a diamond, and if not at least there are a few Jokes at the end!
Diamonds: A Good Investment
Unlike other gifts, diamonds do not lose value over time. Diamonds retain their value even when the rest of the economy bottoms out. People are not sure what their houses are worth, what their stock is worth, but they FEEL gold and diamonds have real, concrete value.
Diamonds are the most concentrated form of storing wealth. They also offer you financial privacy not available elsewhere. Unlike other financial investments, a diamond investor has 100% direct ownership of a portable tangible asset of proven value.
Diamonds require no ongoing management or up keep. They do not incur property taxes or require liability insurance. Unlike commodities and other investments, diamonds are insulated from the daily fluctuations of the markets and are not as likely to reflect sharp price changes. There is an international demand for diamonds. Since 1934 Diamond prices have increased more than the rate of inflation.
Diamonds have performed consistently well throughout economic downturns. The value of diamonds has been climbing even higher in the last decade.
One of the reasons that Diamonds are such a great investment choice is their almost-guaranteed rarity. Diamonds are rare. An investment in diamonds will grow in value as the world’s supply of diamonds decreases.
There is an almost universal belief that diamonds have enduring value. When asked by outsiders about “investing” in diamonds, I always said to invest in a beautiful stone or piece of diamond jewelry like you would in a beautiful piece of art or fine furniture: because you love it and it will bring you pleasure to look at it.
