Diamonds are an interesting investment to try. In order to gain maximum profit, it is a good idea to know the guidelines for choosing a diamond. Thus, you can investing in a prospectful diamond.
In fact, many investment experts recommend investing in diamonds because of the projected price that will continue to increase.
Diamonds are also often used as a substitute for currency in various parts of the world. Diamond investment enthusiasts also come from the elderly to young people. Therefore, it is better if you know how to choose a good diamond. Here is a guide in choosing a diamond to invest as quoted from The Balance.
Buy Whole Diamonds
When going to buy a diamond, choose a diamond that is still intact, not in the form of small chunks.
This is because intact diamonds will provide a greater advantage than diamonds placed in jewelry.
What’s more, the diamond frame has no investment leverage. Therefore, the money used for the frame should be allocated to diamonds.
Choose The White One
Secondly, investing in diamond that has the highest whiteness level. This is because the price of diamonds will be higher if the white level is higher.
The highest grade of white in a diamond is code “D” while for the lowest is code “Z”. The clarity level of the diamond also affects the price of the diamond. Therefore, choose a diamond with a level of flawless clarity with the code “VVS”.
Determine the Budget
The price of diamonds is relatively more expensive than precious metal investments such as gold or silver. Therefore, you must prepare a special budget to invest in diamonds.
Once the budget is set, you will not be overbudget when you see attractive diamonds.
Look for the Certified
For information, quality diamonds usually have a special certificate. Therefore, when buying diamonds for investment, choose those that already have a certificate.
Make sure the diamond has a GIA or Gemological Labaoratory certificate because it has good quality.
Read also: The Risks of Investing in IPO
