Buy diamonds for Fun/love, never as an investment

[eyesoftexas]

Well just tried to sell some Jewelry that my wife never wears but is really nice stuff. You are lucky to get 25% of what you paid for the diamond engagement ring. You may get close to 50% if your lucky and it has a big brand name like Cartier or Tiffany’s. The vendors are the ones making money on these diamonds and for them it is an investment but whenever I hear those diamond commercials about investments I just choke. It is a guaranteed investment loss of 50% of its worth at best (and this is for ideal cut quality diamonds – no junk here!).

 

[DiamondExpert]

Unfortunately, you are correct.

Diamonds should never be offered as investments to the general public, and should never be thought of as only investments by the public...they aren't!

Buy it because you love it!

 

[Rank Amateur]

50% is better than nothing.

Try selling those Beanie Babies!

 

[Blueman33]

----------------
On 10/22/2004 11:09:56 PM Rank Amateur wrote:

50% is better than nothing.

Try selling those Beanie Babies!----------------

oh no, beanies have a cult following. I had 36 BB bought many years ago, which I traded for a 1.13 carat, D, IF stone which I am now setting for my fiance.

beanie babies are the best investment ever.

if you wish to purchase bb, i have them for $3500 each, and also have water-front property in florida to sell.

 

[valeria101]

You need a few wars, revolutions and dictatorships to make jewelry into good investment. Not really worth it.

How come diamond sellers offer tradeups so often ? These appear as some commitment to buy back at a loss

Just curious.

 

[Brian Knox]

Hi All,

Val, Tradein policies are a spiff for customers that help sellers develop repeat business and is most cases is Win/Win

With regard to diamonds as investments, I always tell my customers that diamonds are a fabulous investment for me, but that they should be buying a diamond for other reasons.

On the flip side, once you get past the 'buying at retail/selling at wholesale' initial loss ala driving a new car around the block and it being worth $5,000.00-$7,000.00 LESS, diamonds are a unique item that will eventually appreciate past this initial loss scenario.

I see many diamonds that I have sold ten to twenty years ago that I would now gladly pay the customer two to three times what I sold it for.

what other product can you buy and wear and enjoy and it be worth more than you paid 10 or 20 years down the road?

Bottom line, don't think of diamonds as an investment, they are meant to be enjoyed and any thing else is a bonus.