Do diamonds increase in value in comparision with property/stocks or savings?
are they a good investment or a luxury?
Answers:
No. Unlike precious metals - platinum, gold, sivler, palladium, and base metals - copper etc, diamonds are not actively traded either on an exchange or OTC and there isn't the market for price appreciation. They are only an investment in your girlfriend's feelings
yes they do it just takes a bit longer as the older it is the more expensive it will get! But houses go up in value faster due to our population growth there is more demand for house so they put the prices up because they know they can.everyone needs a house lol
they are purely a luxury. unless you yourself are in the wholesale market. never believe a jewler that tells you they are an investment or will increase in value. since you pay a three time mark up at the least you can expect to sell for one third of what you paid. maybe a little bit more if you sell to an individual..say you bought 2 carat diamond for $15,000. you could expect to recoup $5000 of your money or about $7 or 8,000 from and individual that just wanted you jewelry.
Rarely do they increase in value- the second hand value of jewellery is not good. Antique jewellery can get more valuable. You would be better off putting your money in Stocks and Shares or anything
I believe the price of diamonds is strictly controlled by some very rich people who control the amount of them on sale at any one time.
The worldwide diamond trade is controlled by a few organisations based in Holland, South Africa, Botswana and USA(new York). The most important of these are a company called "De Beers", and they are the largest Whole seller(and miners) of diamonds in the world. They hold back most of what they mine, so that they can keep the prices high. Things like the Gold-price goes up and down, but thanks to (or because of) DE Beers, diamonds almost always stay the same.
If it,s a rare one someone at an auction could pay more for it than you did.[ like the Hope]
There is no way to tell. Diamonds are not an exchange-traded commodity, so there is no reliable price history on them. Large wholesalers probably have it, but they are in no hurry to share it with outsiders.
no they don't diamonds are all controled by a cartel they are not an investment nor are they rare.
Luxury - because you have to pay VAT on top - same applies to gold coins. But an investment if you can get them without paying the VAT. But bringing them in to the country and not paying customs and VAT is smuggling..
An interesting idea if you are interested in diamonds look up a company called Gemesis.
Diamonds are a better and safer bet, they will not decrease in value, it is an extremely sought after commodity, it will only increase.
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Answers:
No. Unlike precious metals - platinum, gold, sivler, palladium, and base metals - copper etc, diamonds are not actively traded either on an exchange or OTC and there isn't the market for price appreciation. They are only an investment in your girlfriend's feelings
yes they do it just takes a bit longer as the older it is the more expensive it will get! But houses go up in value faster due to our population growth there is more demand for house so they put the prices up because they know they can.everyone needs a house lol
they are purely a luxury. unless you yourself are in the wholesale market. never believe a jewler that tells you they are an investment or will increase in value. since you pay a three time mark up at the least you can expect to sell for one third of what you paid. maybe a little bit more if you sell to an individual..say you bought 2 carat diamond for $15,000. you could expect to recoup $5000 of your money or about $7 or 8,000 from and individual that just wanted you jewelry.
Rarely do they increase in value- the second hand value of jewellery is not good. Antique jewellery can get more valuable. You would be better off putting your money in Stocks and Shares or anything
I believe the price of diamonds is strictly controlled by some very rich people who control the amount of them on sale at any one time.
The worldwide diamond trade is controlled by a few organisations based in Holland, South Africa, Botswana and USA(new York). The most important of these are a company called "De Beers", and they are the largest Whole seller(and miners) of diamonds in the world. They hold back most of what they mine, so that they can keep the prices high. Things like the Gold-price goes up and down, but thanks to (or because of) DE Beers, diamonds almost always stay the same.
If it,s a rare one someone at an auction could pay more for it than you did.[ like the Hope]
There is no way to tell. Diamonds are not an exchange-traded commodity, so there is no reliable price history on them. Large wholesalers probably have it, but they are in no hurry to share it with outsiders.
no they don't diamonds are all controled by a cartel they are not an investment nor are they rare.
Luxury - because you have to pay VAT on top - same applies to gold coins. But an investment if you can get them without paying the VAT. But bringing them in to the country and not paying customs and VAT is smuggling..
An interesting idea if you are interested in diamonds look up a company called Gemesis.
Diamonds are a better and safer bet, they will not decrease in value, it is an extremely sought after commodity, it will only increase.
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