Diamonds as an investment
Diamonds are convertible worldwide and are the only gemstones that adhere to international standards: Samrat Zaveri.
By Samrat Zaveri, Managing Director, Trendsmith.
- Diamonds are convertible worldwide and are the only gemstones that adhere to international standards.
- Do some research in the market before purchasing diamonds.
- Be aware that any investment involves some degree of risk.
- Avoid short term investment in diamonds. A clever investor may find that he can turn illiquidity to his advantage, but this will also require patience.
- Be patient and wait until the right investment opportunity arises. Wait till the investment can be resold and liquidated profitably.
- A smart investor should buy diamond jewellery which are out of fashion, and resell them when the demand is stronger.
- If an investor wishes to work with a jeweller, he should be prepared to make rapid decisions, as buying opportunities may be transient.