Buying diamonds may apparently seem an easy task since you do not have to worry much, just go to a reputed jeweler and buy diamonds and get the authentication certificate in return. This is fine if you are buying jewelry or something similar. But if you are buying diamonds for the investment purpose then this might not be the greatest idea as here there are some other third parties involved and this will decrease the margin of your profit. Here are a few tips that you can follow if you are starting out with the diamond investment game.
- Tips for starting out on diamond investment
Know about the variety of diamond that you are going to invest into. Accordingly, you can read about it, know about the probable market price and then invest in it.
Avoid buying whole carat diamonds. These are usually more expensive and have lower resale value.
Buying diamonds directly from the wholesaler is another great way to enhance your profit margin by lowering the initial investment.
Keep in mind that you will have to pay taxes for every single purchase you make. So, while calculating the investment prices keep in mind the tax amount as well.
Invest in natural diamonds rather than artificial ones that are made in the lab. The natural ones have a higher resale value and can be sold easily.
- Know about the diamond variety you are buying
Many people ignore this, but knowledge is the most important thing even when it comes to buying diamonds. So, if you are interested in pink diamonds then read about pink diamond facts and market prices according to a variable carat. This will give you an idea about the market scenario.
Thus, make sure you invest wisely and do not get ripped off. Stay within your comfort zone and accordingly invest.