Is it wise to put your money in Diamonds?
As a hedge against inflation, it is wise to put your money in precious Scottsdale diamonds metals or commodities that will retain their value 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 once a week and gives you the price range 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 Scottsdale, Arizona pushed loose Diamonds at purportly wholesale Diamonds to prospects who had just closed brokerage accounts. They claimed to be from De Sodas. These Diamonds would be in sealed plastic packets and the buyers were told that the Diamonds were guaranteed for resale given that these folks were kept in that sealed packet, unopened. If 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 up to par.
When you invest in Diamonds, choose Diamonds that you can resell. For that reason, round Diamonds are your best bet as investments. They are the easiest to sell. Steer clear from inferior Diamonds. They might look fine on jewelry but when you try to resell 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 reduced the supply, the rare the diamond, the higher its price.
If you are intent on investing in Diamonds, don’t bother with anything below 0. 5 carats. Go for the larger rocks, faultless, or internally faultless Diamonds.
Colorwise, go for D or E or F color, D being the best. Either that or go for the other end of the selection range. Canary yellow Diamonds, naturally colored Diamonds with strong enough colors may well be rarer thus more valuable than the white ones.
Make sure you get a GIA certificate that guarantees the grade of your diamond after having had it examined in a diamond grading lab.