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Are high quality diamonds a good investment for the future???


Do you think their value will increase over time???...tom science

Yes and no. Diamonds are great because they'll never lose value, but if you're looking to hedge your portfolio - buy gold. Do it now, especially with the economy slowing. When the economy takes a turn for the worse, people put their money in sure things - gold, silver, etc. In short, you won't be making as much money off of diamonds as you will off of currency standards.

I would not purchase diamonds at this point due to the whole "blood diamond" situation in Sierra Leone.

MY INSURANCE AGENT TOLD ME THAT THE ONLY THING THAT DOESN'T LOSE VALUE AT ALL FOR AN INVESTMENT FOR THE FUTURE ARE GUNS AND RIFLES. I DONT KNOW THOUGH, MAYBE CHECK OUT YOUR LOCAL JEWELER AND ASK THEM WHAT THEY THINK (something like the Shane Co).

High quality are the only ones worth thinking about. However for someone who is not in the trade will not do well investing in diamonds. Retail prices contain a 100% mark up and so you have to keep them a very long time before they appreciate to the value you paid for them - any profit takes even longer. Do not believe all the advertisements that offer diamonds at "wholesale" prices they are rubbish and offer no better value than a reputable retailer. NEVER buy diamonds that are sold as investment stones that are sealed in plastic boxes and only buy stones with a valid certificate from a major testing group (e.g. G.I.A.)

Diamonds aren't really that valuable. The price is artificially inflated because De Beers controls almost the entire market. Gold or Platinum would probably be a much better choice, although both have had a healthy run-up recently.

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