For decades, diamonds have remained one of the most precious stones in the world. Almost all of the most important and expensive jewelry in the world contains diamonds. And throughout history, these diamonds have retained their value.
With that said, is it still the right time to buy diamonds? Is it worth buying as an investment? Can diamonds retain their value this 2020?
To this day, the demand for diamond jewelry remains the same. So, it’s no surprise that you are thinking about buying a diamond ring, necklace, or a pair of earrings. But since diamonds have been around for some time, it’s also no surprise to doubt whether they can retain their value.
Fortunately, diamonds look like they will be retaining their value, and they show no signs of depreciating considerably. However, it’s fair to say that the market for these stones has slightly dropped over the decades.
Still, getting a diamond today will no doubt be an excellent investment for the coming years.
If you want to make the most out of your purchase, choosing the right diamond will affect its value in the future. You can look around high end jewelry stores Vancouver has to get your diamond jewelry.
First off, check the quality of the diamond. Check its cut, color, clarity, and its carat. The general rule of thumb is that diamonds that are ultra-clear are more expensive. There are also colored diamonds that are rarer and tend to be more expensive.
On average, one carat of a diamond is already around $6,000, and two-carat diamonds can be approximately $21,000–but that is if they are high-quality diamonds. You can expect the price to go lower or higher. However, a carat rarely goes below $2,000.
Diamond cuts are also significant. It can determine how sparkly your diamond will be since the cut is based on how the diamond reflects light. With that said, diamond cuts with more facets tend to be more expensive as they are shinier.
Most of all, always go for natural diamonds. There are now synthetic or lab-grown diamonds, but they aren’t the best when it comes to investments as they can’t keep their value, unlike natural ones.
If you want to invest in a diamond ring, now is the time to get it. Things will likely continue to look good when it comes to a diamond’s value, and that’s something you can take advantage of.