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With the global financial crisis not exactly worsening on a daily basis but certainly looking no more stable, now is the time to start seeking other ways and means of securing your money and making sound investments.
The financial crisis has had an impact on global businesses, the housing market and some of the world’s banks. With this in mind, all of the tried and tested means of investment (into business shares, buying housing or investing in savings accounts) are looking riskier and less prosperous than they were ten years ago. It’s time to look for more rewarding alternatives.
The value of gold has been very stable over the last 30 years, and Gold Asset Management has been an increasingly popular method of not only investment but short term financial reward too. Buy gold for cash adverts have been ubiquitous on TV in magazines and in newspapers, local high streets now even have dedicated stores (the closest thing to a dedicated gold pawn shop) and this highlights that there is still plenty of trade for buying and selling gold.
But what about diamonds? Diamonds are becoming an increasingly popular method of investment. With the value of diamonds also being stable over the last 30 years, investment in diamonds has begun to rise in popularity. Not only is it a stable, risk free investment, it is also more likely to provide you with higher profit margins should you invest in the right type of diamonds.
Below are some quick insights into diamond investment:
Coloured Diamonds
Coloured diamonds are becoming increasingly popular, the demand for these rare stones is nothing but increasing and therefore worthy of investment. With a coloured diamond collection in your assets, this could see you make not only a sound investment to protect your assets, but also a healthy profit as their worth increases in the future.
GIA Clarity Scale
The Gemological Institute of America has the scale of 4Cs to grade diamonds. This GIA certification is extremely important, whilst a pound coin is a pound coin you don’t want the worth of your diamond collection to come down to an opinion. Ensure you have your diamonds GIA certified with the scale of 4Cs Clarity, Carat, Cut and Colour. With a certified rating, the aspects such as the brilliance of the diamond (the amount of light reflected from a diamond due to its cut) can be a known item and a selling point.
Buying and Storage
You don’t want to buy diamonds from a diamond thief housed in an LA Casino like you see in the Ocean’s movies. Instead, look online for reputable diamond sellers which can assist not only with the procurement and certification of the diamonds you buy, but also the insurance and secure storage of them too if required.
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Today with technology, diamond wholesalers, retailers, and “Prosumers” / Investors can easily stay informed using pricing tools like the DiamondMaster App to monitor their diamonds global “Wholesale List” values in 11 foreign currencies, in Exchange to Gold’s Annual Moving Average, and in IMF’s SDR (Special Drawing Rights) basket of currencies unit. Diamonds’ “global value” is essentially un-pegged from the US Dollar when using the DiamondMaster App. Diamonds being a high value tangible global asset that can not only be adorned, but easily transported and traded globally making it one of the things to “Hoard” and “Best to Run With” during a crisis.
Wayne, thank you for sharing the DiamondMaster App. It sounds like it would be a great tool for those looking to break into the trade or value their own pieces.