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are they a good investment or a luxury?

2006-10-28 04:42:06 · 15 answers · asked by ubique3446 1 in Business & Finance Investing

15 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

2006-10-28 04:47:51 · answer #1 · answered by Feed me 1 · 2 0

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...

2006-10-28 04:57:19 · answer #2 · answered by Paul A 2 · 1 0

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.

2006-10-28 04:51:34 · answer #3 · answered by Cheryl E 4 · 2 0

When I realized that this life is not some silly, morbid, nonsensical test by a cruel and immoral supreme being, and that the whole mind boggling experience will just end someday, I began to appreciate everything including all life to a greater degree. Human life and the accomplishments our species has achieved seems to have the potential to evolve into an almost God like existence. I find it fascinating to think about how far we’ve come and how far we might go. The future could be quite interesting if we don’t misuse of our vast knowledge and imagination to harm each other over petty differences like we seem to be naturally inclined to do. Peace to you and yours.

2016-03-28 10:04:50 · answer #4 · answered by Anonymous · 0 0

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.

2006-10-28 11:10:03 · answer #5 · answered by Mike10613 6 · 0 0

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2014-10-07 12:40:45 · answer #6 · answered by Anonymous · 0 0

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2015-01-27 11:36:52 · answer #7 · answered by Anonymous · 0 0

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

2006-10-28 04:53:49 · answer #8 · answered by Ed N 1 · 0 0

1

2017-02-09 18:29:54 · answer #9 · answered by ? 4 · 0 0

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.

2006-10-28 04:56:33 · answer #10 · answered by Anonymous · 0 0

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