Diamonds: Still a Smart Investment
With the whirlwind that our economy has been over the past decade, it is easy to see how something like this would go by without nearly anyone noticing. However, to those who are paying attention to these sorts of things, diamonds, from an investment standpoint have been performing exceptionally well, more specifically though, since 2009. Though diamonds are once again one of the highest performing commodities this year, recent developments in the market and worldwide that have caused the prices of diamonds to stagnate and fall just ever so slightly. This has caused more than a few people to pull out their hair, pondering what the best next step might be. First and foremost, you can relax, there are nearly no indications that you purchased a diamond during a bubble, and among the experts in the industry, the diamond itself is still widely considered a sound investment.
When you hear that the pricing of diamonds has cooled, you immediately assume that your investment has become less valuable. That couldn’t be further from the truth as even with the slight slump in the market, your diamond is likely still worth more than you purchased it for due to the robust gains diamond have made over the past year and a half. Any investment is going to have its ups and downs, so be prepared to ride it out. Volatility is part of the game, and if you can’t handle it (not everybody can), you are likely better off putting your money somewhere else. With the economy seemingly struggling month in and month out, you need to do what is best for you.
Consider the fact that many believe that the current economic downturn is among the worst the United States has seen since the great depression. Poor employment numbers and stagnant growth has led to nearly everybody knowing somebody who has been directly affected by this tough economy. Yet despite the grim statistics, diamonds have very much held their value. The International Diamond Exchange has reported that in 2010, demand for diamond grew by a very healthy 7%. With the growth that is expected this year, the value of diamonds has the potential to reach new historical heights, value wise.
Though prices may continue their bipolar ways, even potentially falling a little bit, if possible, maintain and hang in there. All signs and projections point to stable diamond value in the short term, eventually being followed by a period of fantastic growth and wonderful value in the long term for your diamonds.
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