Did you know that in World War II, many people were able to escape Nazi Germany by trading their diamonds for safe passage? In fact, many wars see people using diamonds, which retain their value even when currency has gone belly up, as a means of survival. Although it is both gratifying and frightening to think that one day your diamond jewelry could actually save your life, it is just one example of why investing in diamonds could be a great idea. However, there are certainly more practical reasons to do so.
For one thing, it is an investment in the future of your family, both literally and figuratively. With the recession ongoing and the value of the dollar dropping, it can be hard for families today to make ends meet. But even when cash has become devalued to the point that you simply can’t stretch it as far, your diamond jewelry will still fetch a pretty good price. And although women no longer require dowries in order to wed, it can’t hurt to come into a marriage with a box of heirloom jewelry. At the very least, you might end up wearing a really great engagement ring (thanks to Grandma) that is far nicer than the one you and your fiancé could afford.
In addition, diamonds are extremely durable and lasting where other commodities or investments might not be. For example, silverware, cars, and even housing cannot retain the same value over time. They are subject not only to wear and tear, but also to the height of the market. As we have all recently witnessed, housing prices can drop even more quickly than they rise. Not so with diamonds. There is always a market for these gorgeous stones. And what about investing with the stock market? Stocks fluctuate, and you can lose your shirt just as easily as you can make a fortune. The value of your diamonds may not increase significantly year upon year, but they will always be worth at least what you paid for them because the supply is finite.
In short, you have every reason to invest in diamonds and you’d be hard pressed to think of a reason not to. They are durable, portable, versatile, and always valuable. So even if you’re only looking to pass them on to future generations, you will be making an investment in your family by purchasing diamond jewelry.
1 comment
The use of diamonds as an investment and financial hedging tool has grown rapidly over the last few years. Thank you for sharing the quality of diamonds that make it best for the investment.