Buying Diamonds for Investment
Buying diamonds for investment is increasingly popular, especially in the United Kingdom, where a handful of new trusts that do exactly this have recently appeared. Top loose stones have always been good for investment and still are the best diamonds for this purpose, but less expensive ones can also be worth purchasing.
Why buy diamonds?
There are a few ways to invest in diamonds without buying them yourself, including purchasing shares in mining companies and joining diamond investment trusts. But all these require an intermediary and so bring you a smaller profit than if you were to do things on your own. In addition, after buying diamonds yourself you have the freedom to wear them before reselling them for a profit.
Where to buy them from?
It depends on your aims. For small investments you can buy them at diamond auctions organized by jewellers, online auctions, local dealers, and online wholesales. For larger investments you can get involved directly with a specialized mining company and have it sell you large quantities of stones at a better price than if you’d purchase them through a retailer.
How much money do I need?
Again, it depends on your goals. Regardless of the sum you’re willing to invest, you should focus on fine loose diamonds, those which are already cut. In other words, avoid rough diamonds unless you know what you’re doing. Buying diamonds requires at least a few thousand pounds. You should always strive to purchase the best – and hence most expensive – stones, because these are the best for long-term investments.
Making your first diamond investment can be challenging: there are many possibilities out there and not all necessarily lucrative for you. To make the best choice you need some guidance.
- How much do you have to invest?
- How long do you want to invest for?
- When do you require a return on investment?
To help you through the multitude of choices, enter your details below and let the Compare The Financial Markets experts find the best investment for you today.