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ARE DIAMONDS A GOOD INVESTMENT?

SHOULD YOU BUY DIAMONDS AS AN INVESTMENT?

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Are Diamonds A Good Investment

To this day, there are still some people who feel that Diamonds are a GOOD Investment.

I don’t know where they get this from, but I’d surmise it’s because they hear that Diamonds hold their value, or that the value goes up

“A 1.00 Carat Diamond is worth more today than it was when I bought mine!”

Diamonds are so Expensive!

“I paid $2500 for that Engagement Ring and it’s Appraised for over $5000!

See what I mean?

It’s all perception!

And it’s true. A 1.00 Carat Diamond bought today, sells for much more than it did back in 1960. Probably double the price!

So logically it would make sense to think that Diamonds are WORTH what you paid, and that re-selling them would reap you all the money you paid into them.

Especially when you consider the fact that Diamonds never age!

Diamonds never wear down or erode. They’ll be “brand new” forever (unless you damage them).

So they should hold their value…

Are Diamonds An Investment?

Well, as most of you know, NO they don’t! It’s kind of like a New Car, once you drive it off the lot, the value drops

And the reason why a Diamond loses it’s value is pretty simple:

There is nowhere to sell them!

There is no business or individual who will be willing to pay you full price for your valuables. Your stuff is “used” (even though the Diamonds are still “new“).

Make sense?

The only true places out there that buy Diamonds back, are the Jewelers and Pawn Shops (and most of them only like to take them as trade-ins). Then they turn around, clean them up, and resell them back to the public.

And here’s the real catch…

Jewelers can already buy Diamonds at COST… So then why, in their right minds, would they ever pay MORE than that for your Diamond?

They wouldn’t!

And it’s even difficult to sell them to individuals (like on Craig’s List or eBay), because the item is USED (what Bride wants to wear a Pre-Owned Ring?), and it comes with no transferable Warranties or Policies. You get no Upgrades, no Service Plans, and more than likely that ring is now worn, scratched, dented, or weak.

So why would it hold it’s value?

I can already hear the money flying out the window…

Diamonds are NOT an Investment! They won’t appreciate. In fact, you’d be extremely lucky to even get half of what you paid for it (Notice I said “what you paid for it”, meaning the sale price, NOT the Retail Price!).

Most consumers only get 20-30% of the price paid. And that’s being generous!

So don’t go into the Jewelry Store thinking about buying high quality stones for the long haul. Because you WON’T make out!

Sure they’ll be pretty, you’ll pay an arm and a leg for insurance, and they may even last you a lifetime… But that’s all you get.

So read my lips:

Don’t buy them because you want to make a profit!

Diamonds aren’t like Gold!

They’ll eat up your money and spit it out.

And all you’re left with is a blinging Diamond that’ll rock your finger.

Such a cruel world, isn’t it? ;)




Recommended Jewelry Supplies:

Ultrasonic Jewelry Cleaner Jewelry Steam Cleaner Complete Jewelry Cleaner Kit Diamond Dazzle Stick
Gold Silver Jewelry Polishing Cloths Jewelry Making Supplies Kit Gold Acid Test Kit Watch Tool Repair Kit
Ring Adjusters EMT Emergency Ring Cutter 10x Jewelers Loupe Jewelers Microscope

Recommended Jewelry Supplies:

Ultrasonic Jewelry Cleaner Jewelry Steam Cleaner
Complete Jewelry Cleaner Kit Diamond Dazzle Stick
Gold Silver Jewelry Polishing Cloths Jewelry Making Supplies Kit
Gold Acid Test Kit Watch Tool Repair Kit
Ring Adjusters EMT Emergency Ring Cutter
10x Jewelers Loupe Jewelers Microscope

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