- Ask questions to diamond experts and learn the basics.
- Determine what share diamond will get in your investment portfolio.
- Spread the risk by investing in multiple diamonds.
Many people are looking for ways to make their money more profitable. In contrast to the past when people would spontaneously go to the stock market with their savings, people are a lot more doubtful. ‘Transferring my cash money into virtual money? Will I ever get it back?’ For many investors, it still seems like a risky investment, something they do not know much about. That is why you should focus on the reasons why diamond as an investment is very interesting. But before you decide that diamond is the best investment for you, you must be aware of these important factors.
Learn the basics
There are stubborn presumptions and half-truths that always show up when talking about investment diamonds. What should you know about investing in diamonds? Start with the very basics: the 4C’s. You must know them by heart before you step in the diamond world. Especially when you are thinking about investing in coloured diamonds, you should have some knowledge if you want your investment to be the best investment. So, ask as many questions as you can and search through the online diamond forums. You will be pleasantly surprised with how much information you will find there.
Determine the share of your diamond investment
Diamonds have been the best investment for many decades, the perfect tool to spread your financial assets, a complementary advantage in each investment portfolio. It remains a solid investment, a tangible wealth that you can touch and admire yourself. Plenty of reasons to no longer look at them as just jewellery but instead as a real investment product. Ask yourself what the share of diamonds will be in your investment portfolio. The initial investment may be slightly higher than a share, but never spend more than you have predetermined.
Choose different kinds of diamonds
Do not put all your eggs in one basket. Warren Buffet, the famous American businessman and investor, once said: “Diversification is the best protection against ignorance”. Just like the other investment products, it is advised with diamonds to spread your ‘portfolio’. For example: you have a budget of 20.000 euro to invest in diamonds. Then you should consider buying 2 diamonds of 10.000 euro each. Also, do not buy 2 diamonds of the same type. You cannot know in advance what type of diamonds will increase in value or will be easier to sell and therefore appear to be the best investment. That is why you should always spread your risk.
