Some people like to invest in real estate, others like to invest in stocks and bonds. However, there are few commodities more thrilling for an investor than diamonds. There’s just a certain magical quality inherent in a substance that has been produced by millions of pounds of pressure over billions of years that remains almost unfathomable. Diamond isn’t only the hardest material on the planet and the greatest thermal conductor. It also has the ability to reflect and disperse white light into its spectrum of colors like no other substance on Earth.
All of that said, why do people love to buy and sell diamonds, and why is it easier than ever to do it safely online? This is because while the diamond market may fluctuate at times, its overall trajectory is always on the rise. So, if you know how to invest wisely with the most trustworthy online sources, you will have a number of shiny nest eggs in no time. Here is how to buy and sell diamonds like a pro online.
Only Buy And Sell Diamonds That Are GIA Or AGS Certified
The first thing that you want to do is make sure that you are only dealing with diamonds that are GIA or AGS certified. These are the two leading diamond labs in the world, and GIA is responsible for developing the diamond grading system that is used by every diamond lab in the world. What you have to know is that both color and clarity are relatively subjective evaluations, but they are also two of the most important determining factors in the valuation of a diamond. There are numerous labs out there that are known for exaggerating color and clarity grades beyond the range of subjectivity for the purpose of marking up the value of a diamond. Because of this, there are a lot of people who simply refuse to buy and sell diamonds that aren’t certified by the two leading labs.
Know The Difference Between Trends And Traditions
If you want to know how much a diamond will be worth 5, 10, or even 30 years from now, you have to be able to see past the trends, and take stock of the traditions. One of the most obvious factors you can look at is shape. Every few years there is a different shape that becomes very popular in the diamond market. In the early 2000s it was the princess cut, and then for a short period it was the emerald cut. Today, we’re seeing a lot of popularity with cushion cuts and even rose cut diamonds. However, if you want to buy and sell diamonds for investment purposes, then you always want to go with plain old round diamonds. That’s because no matter what trend may be making waves at the moment, round diamonds have never gone out of style, and their value is always steadily increasing.
Look For Diamonds With Well Rounded Specs
It’s important that you don’t go for a diamond with a high color grade if the clarity grade isn’t high as well. Your specs should be well rounded so that the value of your diamond is very cut and dry. If your diamond is D in color, then you don’t want to waste that amazing color on a diamond that is anything less than VS1 in clarity.
Buy When Nobody Else Is
The best time to buy diamonds is now, because the market is at a relatively low point. Right now, since we are nearing the end of a lengthy presidential campaign, most people’s money has been spent elsewhere. Whether it be on political campaigns, summer vacations or real estate, most of the money isn’t being spent diamonds. Since the market has been so slow this year, diamond brokers have been willing to drop their profit margins to record lows as of late. That’s why now is the perfect time to buy for the purposes of investment.
Sell When Everyone Is Buying
If you’ve got some money set aside to invest now, then there’s no better time to invest in diamonds. Once the market does pick up, like it always does, you’ll be able to unload the goods and make a very pretty profit. You can always use NADB’s ‘sell your diamond‘ page to learn how to get the most out of your investment.