We blogged earlier in the month that diamonds are one of the safest investments during this time of crisis, whilst we still back this claim in the long run, we felt we should give you this update:
This week, according to PolishedPrices.com, the price of diamonds has in fact fallen b 10% since august. At the rough diamond end of the market, in which miners sell to diamondaires, industry-watchers are talking about even greater falls as people pay less for jewelry and diamondaires find it harder to borrow cash to buy gems.
So, perhaps even more so, we’re now entering a buyers market for diamonds. As we approach Christmas and Thanksgiving we should take a moment to be thankful for the beauty that is diamonds, and what better way than an end of year investment in the sparkling gem.
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Hi,
I see that you are talking about diamonds being a safe investment. Are you reffering to a financial investment or and investment in beauty.
I’m just thinking back to the investment boom of 1980-1982 and how that all ended.
If someone paid $13,000.00 retail for a 1.00 carat E color VVS2 diamond today what do you think they could sell it for 2 weeks from now?
Assuming they had to have an orderly liquidation of the diamond.
Thank you,
james Greene