Why You Should Invest in Diamonds Diamond investment is not new. Collecting diamonds and precious jewels have long been practiced by the rich and royal. Diamonds and other gems signify honor, pride, power, luxury, and wealth. The most powerful people in the world owned the largest gemstones in the world and is passed from generation to generation. Diamond investment has stood the test of time. As time passes, the value of diamonds has also increases. Here are the top ten reasons why people invest in diamonds. Diamonds have been known to be resilient against nature’s decay. The oldest known existing substance is diamonds which were formed millions of years ago. Diamonds are considered the hardest rock on earth. Unlike any other investment, diamonds maintain its shine and quality and will not degrade through time. Stability and security has been diamonds main characteristics over a period of time.
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Diamonds used as payments has been used before. Any country accepts liquidation of diamonds.
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Universal pricing of diamonds is controlled by Rapaport. The universal price of diamonds across the world makes it more valuable. The scarcity of diamonds makes it more valuable. 80% of extracted diamonds are poor quality. The remaining 20% are the only one used to make jewelry. The supply of diamonds will end after forty years as De Beers said that no new mines are discovered through the years. Special occasions like weddings, anniversaries and birth have been represented and associated with diamonds. Certain feeling of love, power, rarity, and strength has been represented by diamonds. Investors depend on the high yield of diamonds when it comes to its value. Diamonds provide security during times of recession and downfall of any financial institution. Diamonds maintain its value and is not directly affected by worldwide stocks and bond values. Insurance always goes hand in hand with owning a diamond. Diamonds are equated to cash on hand. Due to its value and beauty, diamonds have been adorned and appreciated for a very long time. Diamonds will always stay beautiful over a period of time requiring a very low maintenance. Monitoring the value of diamonds in the market is easy as its value is constantly growing. New investors have significantly more room in the diamond industry. There is relatively a small number of diamond investors worldwide. Diamonds has been seen by investors as personal collection and a long term investment Diamonds provide portability and free tax. Transporting diamonds is easy due to its small size. Capital gain tax and possession does not apply to diamonds. these are the reasons why diamonds are among the favorite of the rich and famous.
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