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A lot of individuals more than the many years acquired diamonds as an investment. Some made the acquire with the concept of a long term goal - a child's wedding ceremony, or the like. Other individuals bought it just thinking diamonds would be a good investment, thinking about the intrinsic worth rather much always goes up about time. They figured if they bought some diamonds and put them absent for a couple of excellent many years, they could sooner or later sell them for a nice return on investment. The fact is that "acquire diamonds as an investment" was usually a massive rip-off and you ought to in no way get a diamond contemplating of it as a excellent investment. It is a horrible investment. There are other causes to get diamonds - really like, romance, splendor - but "investment" is not 1 of them. A buddy the moment approached me, figuring out I worked in the diamond marketplace. He was searching for a get in touch with - about 25 decades prior he had acquired a diamond contemplating it was a very good investment. His daughter had just been born and he figured if he bought a diamond and put it absent, he could promote it ultimately to pay out for her wedding, or at least a nice portion of it. So 25 years later on his daughter is engaged to be married. He contacts me and asks if I can support him with discovering someone who will get his diamond from him. I ask close to and most of the diamond guys I spoke with had no interest in meeting with him, as they had no interest in acquiring his diamond. One particular agreed to meet with him, though I felt it was much more of as a favor to me that out of any actual curiosity in getting this diamond. I place my pal in speak to with the diamond man and they meet. Getting that this was his only alternative following many attempts, he essentially felt like he had to consider what was supplied. He had to market the diamond, as he essential cash to pay out for the marriage ceremony. They meet, he demonstrates the stone, and the die guy ended up getting the diamond. My good friend marketed the diamond at far significantly less than he had ever before expected - he offered it at a loss from what he had paid for it 25 years previously. Can you visualize that? He acquired a diamond as an investment, getting advised by diamond sellers at the time that diamonds are a great investment, he holds the stone for 25 a long time and then sells it at a reduction. Wonderful! Diamonds are not a good investment. The markup a stone goes by means of before you acquire it on the retail market is so great that there is no way you can make that back reselling it back again to the diamond market at wholesale prices, which is what they will pay. The only way you can make your cash is if you locate an unsuspecting purchaser prepared to spend retail value, which is in no way going to take place. The only area for you to promote your diamond is to a diamond seller, and they only pay wholesale rates marked down.
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