By Beau Davis, Contributing Writer
Diamonds are a girl’s best friend, but that’s not all. Though diamonds often represent love, they’re also a great invesment. Gold and silver bars might be a great investment for the long term, but their values fluctuate daily in trade. Diamonds have seen a consistent rise in value in the past six years, even through the recession.
Also consider this: Beyond their values, what are you going to do with bars of gold? Store in a secure location, of course, and pay for that storage space. Diamonds, on the other hand, can be worn! Shown off! Talked about! Admired!
Diamonds are often connected to life’s most romantic and heartfelt moments, given as a symbol of sacred promises or to celebrate precious time. Why should this stop you from shopping smart as well? The trick is simple: Buy as an investor, wear as an enthusiast, and upgrade, replace, or sell in due time. Some of the best places to buy or upgrade your jewelry are local jewelry and consignment stores, which are typically family-owned so you’re likely to work with an expert who has a genuine desire to help.
Diamonds are a long-term investment because of their durability and beauty. There is always a market for diamonds.
Know your budget. Don’t break your budget. You can always upgrade down the road.
Educate yourself or hire a consultant or broker
so you can make sure you are getting a good value.
Coming in at 3106.75 carat, 1.37 lb and 4.1 inches long, the Cullinan is the largest gem-quality diamond ever found, January 1905, near Pretoria, South Africa. The largest polished gem from the stone is the Great Star of Africa, and at 530.4 carats was the largest polished diamond in the world until the Golden Jubilee Diamond was found in 1985.
Karat isn’t carat. Karat is used to indicate gold purity. Pure gold is 24 karat, so the number preceding the KT marking indicates how many parts out of 24 are pure gold. Carat is a unit of weight used to measure diamonds and precious gemstones. One carat is equal to one-fifth of a gram.
Beau Davis is a certified sales associate through the American Gem Society. His website is the TheInformedJewelryBuyer.com.