Buy the diamonds then have an independent appraiser look at them. That sounds like a really smart way of doing things.
Sorry...no sympathy from me.If I was rich enough to have $15 million to “invest” I’d park it in Treasury bills.
It has been said that if deBeers opened its safes and released all the diamonds it has mined over the centuries, diamonds would be around the same value as the copper in a copper penny ...
Not to mention synthetic diamonds that are now perfect reproductions, chemically and physically identically identical to the natural version. The dug diamonds diehards sniff that the synthetic stones are "too perfect." I wouldn't trust the long-term value of any diamond, or any other reproducible stone.
It’s sooo easy to get ripped off in the diamond trade business unless you’re dealing in Museum quality diamonds of 1 carat or more and know what you’re doing. D,P, IF.
Take a semester of Gem grading and then hit the gem merchants in Miami. You’ll be astonished at how many poorly grade diamonds are sold well above their value.
No such thing as investment grade diamonds!
Why cant I ever meet rich fools to scam?
I wonder how many know that diamond is *shudder* carbon! It’s very shiny compressed global warming!
Buy crystallized carbon? Only when I need it as a cuting or grinding tool.
BTW ..... burns like anthrocite coal!
My wife, however, has an unreasonable attraction to its glimmer for some reason?
Fool.
Everyone knows that Beanie Babies are where the Smart Set park their money.
I thought everyone knew that a diamond was worth about half of what you pay for it. You don’t buy diamonds as an investment, you buy them to either 1) show a commitment to a relationship or 2) show that you have enough spare money to spend it on frills.
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.
Bitcoin is a good LT investment.
One bullet is worth more than all the diamonds in the world.
Is it safe?
Look at the bright side. He ended up with a small fortune! :-)
I used to go to Times Square , in a crappy building , take the old 1940s brass cage elevator to the top and go into a room wh, guarded by some of the meanest NYC offduty cops where they would cut diamonds with lasers and intentionally insert different grades of flaws into them. Its not the old jeweler with the monocle anymore chisling them with his little jewelers hammer.
Diamonds, like gold, are a hedge against bad times.