Like if I bought a very good quality stone for myself would I be able to resell it one day for an ok price?
2007-05-18 07:09:39 · 10 answers · asked by Me 2 in Beauty & Style ➔ Fashion & Accessories
Diamond jewelry in the way that you are looking at it is not a good investment.
Here is the scoop. Diamonds always go up in value, but you will never get the asking price for the stone you are looking to sell. If you purchase a stone and pay $1000, if will def. be worth more in 10 years, but you'll prob. end up selling it for $500-800 to a jeweler. Jewelers buy at their wholesale cost, or lower than that from people off the street, and so you do not get the "appraised at" value.
So, even though your appraised value goes up, it doesn't mean you'll be able to sell it for that kind of money.
2007-05-21 13:08:07 · answer #1 · answered by Corina 1 · 0⤊ 0⤋
Not at all!
Diamonds suppose to be for ever! but the re- sale value is horrible!! and for sure... you keep them forever! while big companies make the money.
unless you buy a one of a kind, certified, huge designer piece, you waisted your money!!
I have tons of those sparkling stones, they were expensive but I do not have other option to keep them because I can only get a fraction of the original price. 18K jewelry has some resell price but only hand made one of a kind, otherwise, consider yourself lucky if you get the price of the gold only!
Jewelry is a good business but over 50% of the price that the customer pays is brand, marketing and sales man, the rest is raw material.
2007-05-18 07:20:20 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Definitely maybe. There are investment-grade diamonds out there, but if I were investing my money, I'd put it elsewhere. Unless you're really savvy about diamonds, you can be burned quite easily. There's a really big markup on most jewelry, and it's only worth a fraction of what you paid for it new if you try to sell it. My advice is buy yourself a nice pretty CZ and talk to a financial planner if you're thinking about making an investment.
2007-05-18 07:28:39 · answer #3 · answered by Anonymous · 1⤊ 0⤋
No - diamonds are not a good investment. Here's why:
1) Jewelers have a tremendous markup.
2) It is hard to re-sell a diamond as an individual because people fear fakes. Plus, it's hard for you to protect yourself as a seller. (i.e. credit card fraud, bounced check, scam artists, etc.)
If you want to learn more about personal finance check out Yahoo! Finance.
2007-05-18 07:14:34 · answer #4 · answered by Treadstone 7 · 1⤊ 0⤋
It can be, you want to make sure of the country it is coming from and the quality of the stone.
2007-05-18 07:14:58 · answer #5 · answered by chocoextra 3 · 0⤊ 1⤋
No. Don't invest in these type of things. Putting money in a good mutual fund will always do better.
2007-05-18 07:17:11 · answer #6 · answered by en tu cabeza 4 · 1⤊ 0⤋
Yes depending on the market. And in the mean time you get to wear it. Much better then a 401K and shinier too.
2007-05-18 07:15:18 · answer #7 · answered by Susan G 3 · 0⤊ 1⤋
Absolutely. Just make sure it's something quality. 4 c's- color, cut, clarity and carat weight. check out some jewler's web sites and they can give you more info on the four c's.
And if you buy it and wear it, make sure you have insurance on it,
2007-05-18 07:14:40 · answer #8 · answered by j_pedid 2 · 0⤊ 1⤋
Yes, diamonds are good to buy and wear.
They can be an asset to you and you can fondly pass it over to your nest gen as well.
2014-03-03 16:01:37 · answer #9 · answered by Jennifer 2 · 0⤊ 0⤋
If you buy jewelry it should be to wear yourself.
2007-05-18 07:17:50 · answer #10 · answered by Nice try 5 · 2⤊ 0⤋