2007-02-09 14:26:03 · 6 answers · asked by itsme 1 in Business & Finance ➔ Investing
Would'nt invest in diamonds.Not only do they depreciate but because De Beers cannot control the market,there's a glut of stones out there
2007-02-09 14:38:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends.
Investment diamonds, Above 2 Carats, perfect, clarity, color, perfect cut for the stone, do go up in value, especially in inflationary times.
Jewelry diamonds, below 2 carats in weight, with inclusions, off color, not cut perfectly, no. The biggest price of jewllry is the labour to make the ring and the cost to market the ring.
You buy a diamond ring of this sort, you will never recover the amount paid, by selling to a knowledgeable buyer.
A diamond ring is supposed to be an emotional purchase, not an investment vehicle
2007-02-09 22:39:09 · answer #2 · answered by bob shark 7 · 0⤊ 0⤋
While diamonds or any hard asset can depreciate, the biggest risk you will come across is overcoming the bid-ask spread. You will be buying retail and selling wholesale., not a recipe for making alot of money.
2007-02-09 22:51:52 · answer #3 · answered by nickfromct 3 · 0⤊ 0⤋
Man made diamonds are quite common now. As soon as the quality improves (which it certainly will soon) to gem stone quality, the value of diamonds will plummet. Not a good long term investment.
2007-02-10 08:53:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Only inferior quality diamonds will lose value mainly because the retail price is far above the actual value due to high mark up by jewelry stores.
http://www.americusdiamond.com/
http://www.washingtondiamond.com/diamonds.htm
Try these sites just for the information they provide.
2007-02-09 22:37:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋
NO
2007-02-09 22:36:14 · answer #6 · answered by franksprung 3 · 0⤊ 0⤋