Your Questions About Is It Good To Invest In Diamonds

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Charles asks…

Can somebody tell me the price of diamonds?

Can somebody tell me how expensive big diamonds really are and if there are a good investment.Where can I buy big, beautiful diamonds from?I know it depends of the carats,colour and cut,but I need some advice…Should I invest in diamonds ?

Justin answers:

There is a tremendous mark-up between wholesale and retail prices for diamonds. You should expect to get approximately half the retail price when selling. That means the price of a diamond has to double before you can sell it back for the price you sold it. Other jewelry is usually even harder to sell. I have bought two diamond rings for my wife and she loves them. However, I don’t think of them as investments. Diamond prices over the recent 25 years have not kept up with inflation, so don’t expect great increases in price in the future.

Robert asks…

What time of year is best to buy diamond jewelry?

I would like to invest in some nice diamond hoops. Im wondering when is a sale really a sale? Being the holiday there are a lot of sales so should I buy now, wait til right after the holiday or wait even longer?

Justin answers:

If you want nice ones, the prices are pretty consistent all the time. If you just want to get the cheapy, promotional type ones, the best sales are during the holidays and then again in the summer when sales are at their lowest…

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