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Diamond sources are no longer under reliable control, and there is a strong liklihood that the market will be flooded soon.
Gold, on the other hand, is sharply limited in supply, and well understood by a majority of the world’s population.
unless you have raw uncut diamonds they are basically not worth selling in a stand alone state as the price can go up many fold depending on the setting they are in and the history behind them.
Diamonds come in a large range of colors that are hard to distinguish for the “average” layman. You have to have the right light to look at the diamonds and a set of color graded stones for comparison.
Then there is clarity. You need a 10X powered loop to examine and look for flaws etc.
Then there is the cut or make which is different from the shape (rounds, emerald, oval, etc.). The cut or make must be very well and precisely done to extract the maximum amount of sparkle and light etc. It takes great skill and a lot of time to cut and polish a diamond.
One of the few absolutes about diamonds is the carat weight. You need a very fine scale for the weight.
Gold is easy compared to diamonds.
The most valuable commodity is still guns, ammo, food, water and energy. You can’t eat gold or diamonds. At the right time, you might be willing to trade a 3 carat diamond for some ammo or a nice cheeseburger or a gallon of gas.
I’d never invest in diamonds...worst investment ever.
Diamonds are not a scarce item. More are mined every year than can be sold so there is a glut in the market.
The Atlanic published a story in 1972 saying that diamonds are basically a gigantic hoax. It’s available on the interwebs.
Diamonds can be manufactured for less than it costs to mine them.
Oddly enough, diamond, will make voltage conversion equipment cheaper. That is important for electric cars, a long distance power grid. Also, diamond mining requires lots of energy, compared to growing them.
BOOKMARKED! Thank you for posting this very timely article!
My jewels are safe for awhile longer!;0