Hey folks
Okay I may be not be the first guy to ask this but can Diamonds store money and appreciate in time.
Take this scenario: A couple is getting engaged. The guy buys the love of his love a quality Diamond ring (1.0ct F VS1 with a RBC GIA 1A cut). After 5 years the couple experiences difficulties and decide to part company. The owner of the Diamond wants to sell it...Can a 1.0ct F VS1 RBC GIA 1A cut ever be resold? if so could could the owner at leat make a small profit. In my opnion it would be bad enough that the couple seperated but to lose on the Diamond that would be bad as well.
Scenario2: Okay person X wants to buy the same quality diamond as above but isnt getting engaged. He/she simply wants to buy a quality diamond as insurance against lifes unexpected events. Is person X wise in obtaining a Diamond as a hedge against inflation.
The reason I ask this question a Quality Diamond costs much money. Money is to be earned and it would be fiscally irresponsible to 'jump in' and buy a diamond without giving much consideration.
mongol
Okay I may be not be the first guy to ask this but can Diamonds store money and appreciate in time.
Take this scenario: A couple is getting engaged. The guy buys the love of his love a quality Diamond ring (1.0ct F VS1 with a RBC GIA 1A cut). After 5 years the couple experiences difficulties and decide to part company. The owner of the Diamond wants to sell it...Can a 1.0ct F VS1 RBC GIA 1A cut ever be resold? if so could could the owner at leat make a small profit. In my opnion it would be bad enough that the couple seperated but to lose on the Diamond that would be bad as well.
Scenario2: Okay person X wants to buy the same quality diamond as above but isnt getting engaged. He/she simply wants to buy a quality diamond as insurance against lifes unexpected events. Is person X wise in obtaining a Diamond as a hedge against inflation.
The reason I ask this question a Quality Diamond costs much money. Money is to be earned and it would be fiscally irresponsible to 'jump in' and buy a diamond without giving much consideration.
mongol