Posted on 04/07/2018 3:58:36 AM PDT by C19fan
When it comes to investing, diamonds aren’t a quarterback’s best friend. Drew Brees, quarterback for the New Orleans Saints, is suing a California jeweler who sold Brees and his wife Brittany about $15 million in investment-grade diamonds. The diamonds are actually worth about $6 million, the couple later found out through an independent appraiser, according to a report from The San Diego Union-Tribune.
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Yep. That is why we can purchase drill bits and saw blades that are coated with diamonds without having to mortgage or homes.
I know those are industrial grade but with the quantity of diamonds they are holding I wonder how many decent diamonds have ended up in the tool-making factories?
De Beers is a diamond monopoly that has all the worlds diamonds, and then fixes the price of diamonds and common diamonds are essentially worthless. You want to invest in something that is really rare.... Invest in gold.
An upset in the Middle East/or other conflict and gold goes up.
I don’t look at jewelry so my information is no more than stray tidbits picked up in conversation or online. My understandng, however, is that the modern synthetics are “real” — i.e. identical to naturally occurring stones in all chemical and physical properties. Natural stones will have imperfections, fewer and smaller in high grade diamonds, but present nontheless. This is how experts can tell the two apart. I think the same is true of many other gemstones as well. I keep telling my daughters not to get sucked into the engagement ring racket; go buy a big stone that you like, synthetic in order to keep the price down. As a token of their beloved’s devotion, however, they should hold out for something of real and intrinsic value. Antique firearms are good and come in a wide enough range of pricepoints to suit most budgets. If the guy can’t ante up for at leadt an 1861 Springfield rifle, he’s probably not financially ready for marriage. Antique cars are fine too, but they are harder to hang on the wall.
If you want to know the real price of a diamond, try selling it back to a jeweler. You buy it for $4K they might buy it back at $100 if they do it at all.
Bitcoin is a good LT investment.
One bullet is worth more than all the diamonds in the world.
Is it safe?
LOL
Back when we were dating I told my husband that I didn’t need a diamond engagement ring, just a plain gold wedding band. He insisted so I have a diamond in my favorite cut plus a simple gold wedding band.
I love it, but my dad’s uncle was a jeweler so my mom had a full carat diamond. The shallow part of me would like that, too.
Lessee- football players known for high intellect? Nope. Middle Eastern/Muslim/Arab merchants known for honesty? Nope. The list I read had mostly rings on it. Bling for wifey to wear in one of America’s poorest/most criminal cities.
Lessee- football players known for high intellect? Nope. Middle Eastern/Muslim/Arab merchants known for honesty? Nope. The list I read had mostly rings on it. Bling for wifey to wear in one of America’s poorest/most criminal cities.
Look at the bright side. He ended up with a small fortune! :-)
Jeweler friend-in a high end store- told me years ago that the markup on diamonds is huge. Not only that- jewelry full of tiny diamonds they advertise as ‘total weight ‘ are where they make their money . When big stones are purchased BAGS of tiny point diamonds are given FREE. So all the jewelry with tiny stones is basically worthless except for metal price. Think about that the next time you see ‘-carat total weight’ on a piece.
For the record, I have nothing against diamonds, Treasury bills, investors, brokers or dentists.
This BLT might be better. You could actually eat the bacon.
Nothing says true love like a Cubic Zirconia.
Diamonds are for chumps.
One episode had the devil working in a jewelry shop and he convinced the groom-to-be to not spend the bucks on a real diamond ring but go for the Cubic Zirconia ring as "no one will ever know the difference". When the groom strolls over to the Cubic Zirconia display, the devil convinces the bride-to-be that a man who would buy a Cubic Zirconian ring is not worthy of marriage.
Of course, the couple begins arguing & bickering...just what the devil (played quite well by Ray Wise) wanted.
Pretty sure that investment diamonds are NOT in settings. They are loose.
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