diamond invest

[caesargallery]

Can someone find a long time chart from diamond prices 1970 - 2008
A real diamond is the best present ever ,it''s give a feeling of freedom.

but is it the best financial invest ?

 

[stone-cold11]

Short answer, no, about worse than buying a car, once you buy it, it drops in value by 30-50%. You may get your money back with some of the vendors' buy back or return policy but don't expect to make more ever unless of course you are very rich and are buying one of those named stones, auction pieces, that are worth a house or more.

 

[Lorelei]

Date: 12/15/2008 7:12:49 AM
Author:caesargallery
Can someone find a long time chart from diamond prices 1970 - 2008
A real diamond is the best present ever ,it''s give a feeling of freedom.

but is it the best financial invest ?

Welcome Caesar,

Diamonds are not a good investment unfortunately, you can usually expect only 30 -50% back if you sell, or even if you can sell, so if you want to buy one with possible investment in mind, then I would recommend you buy into another commodity.

 

[neatfreak]

Date: 12/15/2008 8:09:40 AM
Author: Lorelei

Date: 12/15/2008 7:12:49 AM

Author:caesargallery

Can someone find a long time chart from diamond prices 1970 - 2008

A real diamond is the best present ever ,it''s give a feeling of freedom.

but is it the best financial invest ?

Welcome Caesar,


Diamonds are not a good investment unfortunately, you can usually expect only 30 -50% back if you sell, or even if you can sell, so if you want to buy one with possible investment in mind, then I would recommend you buy into another commodity.

Agreed. No matter what the jewelry stores tell you, unless you have a million dollars to burn on a pedigreed/rare diamond, diamonds are a pretty horrible investment.

 

[Dancing Fire]

Date: 12/15/2008 7:12:49 AM
Author:caesargallery
Can someone find a long time chart from diamond prices 1970 - 2008
A real diamond is the best present ever ,it''s give a feeling of freedom.

but is it the best financial invest ?

the worse !! you have a better chance of hitting the lottery then making money on a diamond.

 

[beach]

All of the above comments are based on if you sell to a broker or to a jeweler. If you sell the diamond yourself and cut out the middle man you can get around 80-90% back actually. A great way is to have an independent appraiser handle everything and the exchanging of funds.... Craigs list can be great if you know what you are doing. Basically you put an add on Craigs List, say that diamond is in the posession of so and so appraiser. Schedule viewings with appraiser.

Diamonds are definetly not the best invesments but are not the worst by any means and have steadily increased with inflation... The recent price changes/drops do not break the enduringl uptrend over the past 20-30 years. Just little corrections, with the big picture continuing upwards.

 

[T L]

The only diamonds that are good investments are ultra rare colored diamonds, and those cost a fortune to boot. People that bought blues and pinks several years ago have now seen gargantuan price increases and demand for these stones. White diamonds are very common, and unfortunately not a good investment.

 

[Judah Gutwein]

My advice is not to consider diamonds as an investment in today''s climate.
Your best investment of your money today, seems to be the "hold it myself and not give it to anybody" mentality!

Best,