What about diamonds?

So ive got some loose baguette diamonds and just wondering if they are an investment oppertunity or not.
I bought them about 2 years ago and payed around £50 for them. I can't remember how many carat they are but in all there is about 20 diamonds and all measure about- 0.1-0.2cm. I also have ruby's to.

 

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I think ill avoid gemstones from now on. I only bought them as something different for the missus.

 

I have quite a few uncut gems and rubies and such, nothing too expensive. The cost to cut them is pretty steep, so not knowing the value of them, I'm not going to have them cut, maybe just yet.

 

I looked into uncut diamonds but thought it better to buy pre cut as that was just easier for me.

 

I would only use diamonds as a store of wealth if I already had all my preps done, and a few hundred thousand in gold and silver each. A good working farm or two, a retreat/BOL, and a couple of back up BOLs. Primary BOV/PAWV and secondary. And then only investment grade diamonds certified by GIA.

1.00 - 1.02 carat, round, brilliant cut, IF clairty, D color w/accompanying certificate. Currently about $25,000 each.

As shown here: Build Your Own Diamond Pendant® - Design Your Own Diamond Pendant

Just my opinion on the subject.

 

I would like to be at a stage like that but unfortunately Times are hard at the minute and I hardly get work but when I do I will get some gold/silver stocks in and hopefully have a nice house with land to live off. And are certified diamonds the only real investment items?

 

I am a long ways from being able to afford diamonds as part of my preps. Don't even have much gold and silver, and only a few months worth of supplies. But it doesn't keep me from researching and planning.

As for as other investment items, I think there are several that should be considered well before investment grade diamonds are, some rather traditional, and some pretty much prep related.

A working farm or two as stated before. Gold and Silver coins, a good vehicle or two. Bug out locations.

Some income producing property such as quadraplexes in small towns.

The Permanent Portfolio mutual fund

US Treasury Bonds (28+ years)
US Treasury Money Market Fund
Growth oriented mutual funds
Deferred annuities with insurance companies with long successful histories
Blue chip mutual funds – keep rolling the dividends back into the same funds
Warrant trading accounts – Never buy more warrants than the money would buy of the stock.

Swiss bank account – Dollars
Swiss bank account - Swiss francs
Swiss bank account – Gold

Just my thoughts on the matter.

 

Diamonds are a girls best friend. Pair that up with some gold and you are good to go. A very wise investment.

 

So have you got any jewellery investments?

 

I do have. I have a gorgeous diamond ring that is gold. And another gold ring. Plus a few other pieces.

 

Gold always remains gold and will surely pay you back. Just measure it how much is its value and sell it.

 

Actually nobody really knows how many diamonds are out there, De Birs is doing a good job keeping the price high but I dont think they will last forever.

 

I dont think diamonds are a really good form of investment. Gold is a much safer form of investment because the prices of gold have been rising for the past few years. In contrast, I'm not really sure about diamonds but I heard from my friends that the resale value of diamonds is not very high... O:

 

Who is the biggest producer of diamonds right now? I think it is either Botswana or South Africa. Russia is having such huge deposits, but all of them are in the remote Kolyma and no one wants to invest on mining there. I hope things will change, especially as De Beers is getting hit in SA due to BEE and other problems.

 

You can invest a diamond ring to earn a wife. Is it a wise investment?

 

Diamonds are not sold in open market. These are between diamond producers itself owners of jewelry stores. In fact, diamond mining is not that expensive compared to precious metals such as gold and silver. The only culprit why it is expensive is the rampant campaign of jewelry stores years ago.

 

I have never thought about gems like this. While it is pretty common sense, it has never crossed my mind. This definitely makes me think twice about where we get my engagement ring from...

 

According to what I have read, diamonds are expensive not because they are rare. They command a high price because of artificial control of production. So diamonds wouldn't make a good investment.