Loose Diamond Picture.
Q.I'm not a jeweler but I do appreciate jewelry. As my taste runs toward the expensive, I've found it almost affordable to buy loose gems at the local gem shows and have them set when I can afford to. It' also fund to design the pieces myself. My husband thinks that as long as I'm going to do this I should purchase gems that may be headed for the rare or endangered species list. Other than tanzanite, I don't know what they could be. (He was very impressed that I bought a tanzanite that doubled in value in 2 years. He even paid to have it set for me.) Is anyone in the newsgroup willing to share their speculations on this subject with me?
A.You may well make a very good purchase on a (let's say) one carat diamond with a permium GIA certificate but remember that you have a rather significant profit margin generally leveled within that price... Also, seldom will a "civilian" ever purchase close enough to actual cost to make "investment" even a possibility... Many repackaged retailers may have vested interested in making you percieve "increasing value" but if you just paid too much for something you have not made an investment, you made a purchase... Not the same thing at all... Try cashing out that diamond you just bought and you'll see that even if you made a great purchase, even at 10% over the broker's cost you're not gonna find diamonds easy to resell, hence my statement that "Diamonds are an investment in your happiness, as a symbol of a significant event" but they are not a good investment in general. Try cashing out a stone for fun and you'll get the picture right away .
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