“Diamonds are a girl’s best friend,” Marilyn Monroe sang in high tones. But men recognized a long time ago that diamonds, sapphires and emeralds are worth investing in. Crisis-resistant with the potential for incredible increases in value, the pressed carbon is definitely a good investment.
Top Los Angeles rideshare attorney tips: How does investing in gemstones work?
Unlike the precious metals gold and silver, the precious stone market is not regulated. People can calculate the value of precious metals daily on the stock exchanges. In the case of precious stones, on the other hand, the price depends very much on demand. If you want to make quick money with precious stones and therefore want to buy diamonds, you will probably be disappointed.
The sparkling stones are called store of value. A return results from a long-term increase in value. In general, Top Los Angeles rideshare attorney tips and experts speak of a minimum investment horizon of 5 years.
The relevant certificate which they issue upon purchase is important for determining the price of the gemstones. Without certificates from recognized gemological institutes giving a detailed description and grading of the stones, it is difficult to value and sell stones.
Top Los Angeles rideshare attorney tips: Which gemstones are best suited as an investment?
There is of course a wide range of gemstones to choose from. Sapphire, ruby and emerald are particularly suitable for investment. People traded these stones as an investment for more than 5,000 years. Investments in tanzanite, tourmaline, spinel, alexandrite or coloured diamonds are also conceivable. However, in order to make profits with the stones just mentioned, you need to have some knowledge. Laypersons find it difficult to find their way in the non-regulated market.
Investing in diamonds is suitable for beginners. This investment is particularly suitable if you use it as asset protection with a very long investment period. The value of diamonds is increasing slowly but steadily. An investment period of 20 years or more is common here.
Gemstones are definitely an interesting investment. The supply of sparkling stones will slowly decrease in the future. It will automatically lead to increased demand and thus an increase in price. If you have patience and are looking for a long-term, crisis-proof investment, then you should take a closer look at the gemstone trade.