|
|
|
Forum Administrator
Group: Moderator Extroadinaire
Active: 12/16/2012
Posts: 524 |
|
Please stay on topic with posts guys. This thread's supposed to be about the pros & cons of Diamonds / Diamond Jewelry as an investment. However, being that you have posted here, to address the incorrect points you raised: 1. Diamonds are not the hardest known substance to man. There are at least three harder substances, those being Rhenium Diboride, Ultrahard Fullerite, and Aggregated Diamond Nanorods. 2. The Jewelry industry is not the most familiar use of diamonds. While diamonds are the world's most popular gemstone (more money is spent each year on diamonds than all other gemstones combined), the diamonds used in jewelry applications only actually make up a small proportion of diamond production. Diamonds are far more commonly used for cutting, grinding, drilling, and polishing procedures. While I have taken the time to respond to the above post, please do be advised that further off-topic posts will be deleted. |
|
|
 |
|
|
|
Jewelry Seller
Group: Jewelry Seller
Active: 4/20/2010
Posts: 1 |
|
Purchased at the right price, diamonds most certainly retain their value; in fact they actually increase in value over time. Over the last 20 years Diamond prices have been steadily increasing. Though there is no absolute certainty it is unlikely that diamonds will ever loose their value. Post Edited By: TheMineralMan Reason For Edit: Too many links to exactly the same site / page. 
Diamonds by Cruz
www.diamondsbyappointment.org
|
|
|
|
|
|
|
Jewelry Seller
Group: Newbie
Active: 10/2/2010
Posts: 5 |
|
In my opinion, diamonds are a lousy investment. The worst thing you can do is buy a diamond as an investment, put it away with the intention to sell in 20 years to pay for your kids wedding or something similar.
Sure, diamonds go up in price, so from that perspective it looks decent, but I promise you that you will find it nearly impossible to sell that diamond, let alone at a reasonable price.
I have been involved a few times in situations where someone bought a diamond as an investment and was trying to sell that diamond and cash in on his investment.
In each case, the fellow had a very difficult time finding any diamond dealer who would even talk to him and be willing to consider buying his diamond. And nobody on the street is going to buy from you - they'd be crazy to buy a diamond from some random guy off the street!
I remember one of the cases I was involved in, I helped a friend find a dealer (after he tried futilely for a long time) for him to try to sell the diamond. In the end he sold the diamond to this dealer but didn't make any money on it. And that was after holding the diamond for 15 years! He needed the money, so he had to sell, but the dealer would only offer him something like 40% under value (I dont remember the exact number but I think it was 40%).
Diamonds are not a good investment. They are difficult to sell, and dealers will only offer you less than value.http://www.clarityofdiamonds.com
Where you can get clarity about diamonds BEFORE you make the purchase |
|
|
|
|
|
|
Forum Administrator
Group: Moderator Extroadinaire
Active: 12/16/2012
Posts: 524 |
|
Diamonds as an investment are only a real prospect if the person buying the stone/s has an in-depth knowledge of diamonds, and does not overpay for the stones in the first place. This principal can be applied to practically any investment. A good contact base is another must for those considering investing in diamonds / similar goods. My previous posts in this thread have clearly identified these points. I have also pointed out that the main issue that would affect most (and has affected your friends), is that as an investment for most, the fundamental problem with using diamonds is liquidity. Anyway, just to play Devil's Advocate for a moment, was the investment diamond a good investment for your friend? No it was not. Was said diamond a good investment for the Diamond Dealer? It would seem so. Anyway, to stick with my original point, in my opinion average Joe just doesn't have enough Diamond knowledge to make them a viable investment that he can expect a good return on. |
|
|
|
|
|
|
Junior Member
Group: Forum Members
Active: 11/14/2010
Posts: 8 |
|
| hey !!! Diamonds are big investment whose price will never fall down and also a mobile investment too. Its like small thing with big value. I like to invest my money in a diamonds but with Certified diamonds. |
|
|
|
|
|
|
Forum Administrator
Group: Moderator Extroadinaire
Active: 12/16/2012
Posts: 524 |
|
| Quote: I think Diamonds are more than just pretty jewelry, its the hardest known natural material in existence. The jewelry industry is the most familiar and obvious use of diamonds. Which is the most popu... |
The jewelry industry is nowhere near being the most familiar or obvious use for diamonds, in fact far more diamonds are used industrially than will ever be used for jewelry.
|
|
|
|
|
|
|
Forum Administrator
Group: Moderator Extroadinaire
Active: 12/16/2012
Posts: 524 |
|
| Quote: hey !!! Diamonds are big investment whose price will never fall down and also a mobile investment too. Its like small thing with big value. I like to invest my money in a diamonds but with Certified d... |
I disagree. For the average Joe, diamonds are not a good investment. Unless you have the right knowledge, contacts, & are able to purchase diamonds for the right price, and most importantly sell them when you want / need to sell them, they're not a good investment.
Let's say you have a diamond worth $100K and you need to sell it; there's only a finite number of avenues you can explore in order to offload your diamond quickly (and this will likely mean you having to drop the price significantly).
As an investment the fundamental factor that diamonds severely lack is liquidity.
|
|
|
|
|
|
|
Jewelry Seller
Group: Jewelry Seller
Active: 8/11/2010
Posts: 1 |
|
| Quote: Diamond are good investment because they are highly portable, you could put a fortune in your pocket and go anywhere in the world. But they are not particularly liquid. To sell, you will almost certai... |
Diamons are amongst the best options available if u are looking out for investment. If u invest in diamonds, be rest assured that you will be always in profit....[url=http://www.diamondexotica.com]engagement ring |
|
|
|
|
|
|
Forum Administrator
Group: Moderator Extroadinaire
Active: 12/16/2012
Posts: 524 |
|
| Quote: Diamons are amongst the best options available if u are looking out for investment. If u invest in diamonds, be rest assured that you will be always in profit.... |
So says someone that sells diamonds...ROFL!
I have already stated why IMO diamonds are not a good investment. I challenge you to rebut the issues I have raised and try to convince me why diamonds are a good investment.
I am willing to bet this post gets no response from any diamond seller in this thread who has already stated what a 'great' investment diamonds are.
I'm waiting....(taps foot impatiently)
|
|
|
|
|
|
|
Forum Guru
Group: Forum Members
Active: 9/18/2010
Posts: 36 |
|
Surpisingly, despite the Global Financial situation, Raraport has been reporting strength in the diamond market.
The value of rough diamonds has been holding steady with some small increases. Some Major retail stores have, for the most part, increased their outlets.
My take on diamond investment is that it is a good way to retain some stored value. Not quite the same way as gold of course, but nevertheless buying and keeping the right diamonds can help to curb eroding value of ones assets.
My suggestion would be to have a small quality of good loose diamonds. Probably obtained from a wholesaler. The other alternative is to buy one of these big rocks they periodically find and sell at auction for a bucket of dollars. They tend to keep their price and end up being sold, at a later date for two buckets of dollars, so there is an investment opportunity there.
Of course you have to have a bucket of dollars in the first place.. 
But seriously spreading ones wealth around is a fairly wise move and there would be no harm in keeping a proportion of it in diamonds along with other more traditional avenues. I doubt one would make a fortune from it and it is probably more about preserving ones wealth than anything else.
Mike
priceofdiamonds.org |
|
|
|
Home
Login
Register
Member List