Quote:
Originally Posted by duc_evo_sp
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I would question ones investment knowledge if they're buying diamonds as an investment. As for as I know, most if not all diamonds are bought to be worn as personal adornments not as investment vehicles.
Buying a rare gem, while creative, might be an ever worse idea then buying a diamond as an investment. Firstly, all of the stones listed on the link you provided, with the exception of jadeite and, of course, red diamond, would not hold up to daily wear and tear compared to diamond. I'd guarantee you by 2 years time your rare stone will have worn facet edges, chips, scratches, etc.
Secondly, if you can afford to buy the more expensive stones on the list, you’re insurance premiums would be through the roof. And should something happen to the stone and you need to make a claim for it, your jeweler may or may not find the same or comparable stone to replace with.
I’m not trying to rain on anyone’s parade, just want to educate people who are thinking outside of the box from buying a diamond.
With all that said, I’ll be the first to admit that I dislike diamonds as much as you duc_evo_sp but I do agree that it’s an ideal choice for several reasons – 10 on the Moh’s scale of hardness means that it’ll withstand daily wear and tear, easily replaceable if you damage or lose it, and there’s something about a clean, well cut stone with maximum fire and scintillation….at least to me.
Signed,
Someone who’s been in the jewelry industry for 7 years