But other precious metals such as platinum and silver have their own place in a savvy investor s portfolio.
Gold or diamond investment.
The market is also very liquid and unlike diamond it is very easy to sell off your gold.
In diamond investment like in other investments it may be wise to diversify your portfolio.
If you had set your diamond investment budget on 20 000 then you should consider buying 2 x 10 000 diamonds or even split it into three.
Of course much like gold silver or any other precious metal a diamond is a great store of value and is a desirable and investable asset class.
Of course gold and diamonds are both beautiful and timeless keepsakes whether you are looking to invest in an asset or simply present a loved one with an unforgettable piece of gorgeous jewelry.
The reason is that the diamonds have experienced a steady price appreciation in the.
But which is the better asset class of choice for long term wealth building.
Now the industry players are of the opinion that rings can turn out to be a better replacement in comparison to gold.
Industry players believe diamond could be a good replacement to gold as an investment option with likelihood of steady price appreciation as has been witnessed in recent years.
It also reports that diamond prices have benefited from 1 6x lower volatility than gold.
Gold is a valuable investment but now diamonds seems to hold better investment prospects for the buyers.
Gold is the granddaddy of precious metals at least from an investment perspective.
Gold investment versus diamond investment.
Characteristics of investment grade polished diamonds are highest color d e f and clarity if vvs1 vvs2 weights ranging from 1 to 10 carats triple ex grading excellent cut excellent polish excellent symmetry and no fluorescence.
However if you do understand the value of diamonds gold and other precious metals as an investment you will likely be curious about whether or not.
Drop the idea of investing in gold.
Diamonds are forever goes the old song by shirley bassey.