Diamonds as investment?

Chris GB · 10-01-2007, 03:20

Hi to All

Anyone here know much about buying diamonds as investment? What have the prices done over the last few years? Where is good to buy? Safe investment or a bit variable?

Chris

Lady Elanore · 10-01-2007, 03:30

Not sure about their monetary worth as an investment but I know what an emotional one they are. You can buy a nicely cut one for your loved one and kill two birds with one stone….so to speak

Chris GB · 10-01-2007, 03:35

Quote:

Originally Posted by Lady Elanore

Not sure about their monetary worth as an investment but I know what an emotional one they are. You can buy a nicely cut one for your loved one and kill two birds with one stone….so to speak

It will all be going swimmingly until I have to cash them in! The idea is to buy a few loose cut stones and hold them for two years then sell them. Best building society rate is still very low. Diamonds I heard may run around +15% per anum. Need independent views on this befoer comitting my hard earned.

Chris

Lady Elanore · 10-01-2007, 03:44

Quote:

Originally Posted by Chris GB

It will all be going swimmingly until I have to cash them in! The idea is to buy a few loose cut stones and hold them for two years then sell them. Best building society rate is still very low. Diamonds I heard may run around +15% per anum. Need independent views on this befoer comitting my hard earned.

Chris

I recently read some very interesting stuff on diamonds in general on Wikipedia. Are they worth more as an investment rough or cut?

Wardy · 10-01-2007, 04:03

Rough, I believe - although my knowledge is sketchy on the subject. Think the view is that you're not tied down to a particular style of cut, if they're loose.

Have you thought about gold investments (serious question)?

Steve

Lady Elanore · 10-01-2007, 04:41

Quote:

Originally Posted by Wardy

Rough, I believe - although my knowledge is sketchy on the subject. Think the view is that you're not tied down to a particular style of cut, if they're loose.

Have you thought about gold investments (serious question)?

Steve

Personally I think of little else

Me-109 · 10-01-2007, 10:10

If you buy a significant amount to make it worthwhile you need to factor in storage and security, so add in the costs of a bank box.

TeflonTom · 10-01-2007, 10:16

i think you'd be better of betting all your money on a 3 legged rocking horse than putting it in diamonds.......

the best way to 'store' money is in a shoe-box under your matress

walkie · 10-01-2007, 10:49

Invest in Copper

Chris GB · 10-01-2007, 13:40

Quote:

Originally Posted by Wardy

Have you thought about gold investments (serious question)?

Steve

Yes I have seriously considered it but gold prices are very vulnerable to govenrments dumping reserves on the market, at which times the prices fall.

Chris

Chris GB · 10-01-2007, 13:40

Quote:

Originally Posted by Me-109

If you buy a significant amount to make it worthwhile you need to factor in storage and security, so add in the costs of a bank box.

Already considered that into the costs.

Chris

Chris GB · 10-01-2007, 13:41

Quote:

Originally Posted by TeflonTom

i think you'd be better of betting all your money on a 3 legged rocking horse than putting it in diamonds.......

the best way to 'store' money is in a shoe-box under your matress

Want to grow it not store it.

Chris

Chris GB · 10-01-2007, 13:42

Quote:

Originally Posted by walkie

Invest in Copper

Takes up too much room. I have good cotacts in metal stockholding and it would be a sure fire winner at the moment. Storage and transport would be prohibitive though.

Chris

postmanpat · 10-01-2007, 14:13

Depending on the amount of capital you want to invest I would say property build or renovation.

heresmo · 10-01-2007, 14:25

Gold is an interesting one as it is typical of commodity prices - either it's flavour of the month (read year), or it isn't (check out the highs and lows over the last 25 years). Scrap gold is pretty worthless BTW judging from Net and High St prices. However, it was on the news this morning that Welsh gold (rare and fine) is now in short supply, except that any available will probably be snapped up at a premium now.

Re diamonds, the only thing I know is that they are a commodity and fashions change. Unless you have a diamond of the right colour (there are several grades even before you get to the possibility of cutting perfect facets) the rest goes to "chips" and High Street prices determine their value (not a lot). The best ones are of course reserved before they ever hit the market. One for the birds, I'd say.

Just my opinion.

Mo

mr Gareth Jones · 10-01-2007, 15:40

It's an interesting idea - but how would you judge the quality of what you buy ? I would imagine you'd need a bit of expertise to do that, it would be dangerous to rely on the opinions of sellers ?

If it was a good idea others would already be doing it.

There's no world shortage of diamonds - South Africa pumping them out by the ton - so how can you be sure of the value rising ?

I wish you the best of luck but I would be most reluctant !

Chris GB · 10-01-2007, 19:09

Quote:

Originally Posted by postmanpat

Depending on the amount of capital you want to invest I would say property build or renovation.

Unfortunately not enough for that. 5 - 10K maximum stake.

Chris

JPreston · 10-01-2007, 21:32

Why not just put it in a shares ISA? Boring but they've been doing better than 15% per year, and tax free.

'The value of your investment may go down as well as up'. Surely they mean 'instead of'

simonsheil · 10-01-2007, 21:42

I was under the impression the diamond market was under pressure due to dr beers losing market share and hance having less control on price. However that is just general market newsand not values specific.

10-01-2007, 03:20	#1
Chris GB Briskodian Join Date: Aug 2005 Location: East UK Posts: 2,588 Members Car: Mini Cooper D Thanks: 18 Thanked 43 Times in 26 Posts	Diamonds as investment? Hi to All Anyone here know much about buying diamonds as investment? What have the prices done over the last few years? Where is good to buy? Safe investment or a bit variable? Chris __________________ Red Fabia vRS. Gone but not forgotten. Chilli Red / white Mini Cooper Diesel with dual controls. Silver 53 MR2. Mods: PPE 4>1 manifold \| PPE Mangnaflow high flow cat \| Blueflame catback exhaust \| Pikey inlet mod \| 3.0 Racing Chassis stiffening brace kit \| BC Racing fully adjustable coilovers \| TF loud. Details here My MR2 Page

10-01-2007, 03:30	#2
Lady Elanore Geordie Lass Join Date: Oct 2005 Location: in the ceiling watching you..... Posts: 11,082 Members Car: BMW 1 series Thanks: 221 Thanked 230 Times in 139 Posts	Re: Diamonds as investment? Not sure about their monetary worth as an investment but I know what an emotional one they are. You can buy a nicely cut one for your loved one and kill two birds with one stone….so to speak __________________ . Amanda - All's fair in Love and Car

10-01-2007, 04:03	#5
Wardy 207/340 Join Date: Oct 2004 Location: Around Manchester & Cheshire Posts: 11,707 Members Car: Skoda Fabia vRS Thanks: 457 Thanked 366 Times in 354 Posts	Re: Diamonds as investment? Rough, I believe - although my knowledge is sketchy on the subject. Think the view is that you're not tied down to a particular style of cut, if they're loose. Have you thought about gold investments (serious question)? Steve __________________ Wardy's Fabia vRS xenons : sunroof : cruise : OEM+ "Racing is life. Anything before or after is just waiting." - Steve McQueen "If in doubt, flat out." - Colin McRae

10-01-2007, 10:10	#7
Me-109 Briskodian Join Date: Nov 2006 Location: Stockton, Leatherhead Posts: 59 Members Car: Octavia 1.8t 20V Thanks: 0 Thanked 0 Times in 0 Posts	Re: Diamonds as investment? If you buy a significant amount to make it worthwhile you need to factor in storage and security, so add in the costs of a bank box.

10-01-2007, 10:16	#8
TeflonTom Briskodiodion Join Date: May 2006 Location: Hayling Island, Hampshire Posts: 8,240 Members Car: Fabia 2.0/Felicia Thanks: 48 Thanked 233 Times in 205 Posts	Re: Diamonds as investment? i think you'd be better of betting all your money on a 3 legged rocking horse than putting it in diamonds....... the best way to 'store' money is in a shoe-box under your matress

10-01-2007, 10:49	#9
walkie ............... Join Date: Aug 2004 Location: Monday: MK Tuesday: MK Wednesday: MK Thursday: MK Friday: MK/Home Saturday: Home Sunday: In bed ;o) Posts: 6,606 Members Car: BMW 120D M-Sport Thanks: 0 Thanked 1 Time in 1 Post	Re: Diamonds as investment? Invest in Copper __________________ Having a little break, concentrate on the more important things in life, swmbo and my training. See you soon folks, take care - James

10-01-2007, 14:25	#15
heresmo Briskodian Join Date: Jan 2005 Posts: 12,554 Members Car: Thanks: 50 Thanked 143 Times in 123 Posts	Re: Diamonds as investment? Gold is an interesting one as it is typical of commodity prices - either it's flavour of the month (read year), or it isn't (check out the highs and lows over the last 25 years). Scrap gold is pretty worthless BTW judging from Net and High St prices. However, it was on the news this morning that Welsh gold (rare and fine) is now in short supply, except that any available will probably be snapped up at a premium now. Re diamonds, the only thing I know is that they are a commodity and fashions change. Unless you have a diamond of the right colour (there are several grades even before you get to the possibility of cutting perfect facets) the rest goes to "chips" and High Street prices determine their value (not a lot). The best ones are of course reserved before they ever hit the market. One for the birds, I'd say. Just my opinion. Mo __________________

10-01-2007, 15:40	#16
mr Gareth Jones Briskodian Join Date: Aug 2006 Posts: 143 Members Car: Thanks: 0 Thanked 1 Time in 1 Post	Re: Diamonds as investment? It's an interesting idea - but how would you judge the quality of what you buy ? I would imagine you'd need a bit of expertise to do that, it would be dangerous to rely on the opinions of sellers ? If it was a good idea others would already be doing it. There's no world shortage of diamonds - South Africa pumping them out by the ton - so how can you be sure of the value rising ? I wish you the best of luck but I would be most reluctant !

10-01-2007, 21:32	#18
JPreston Briskodian Join Date: Oct 2003 Location: Hertfordshi-yer Posts: 944 Members Car: Octavia vRS Thanks: 0 Thanked 0 Times in 0 Posts	Re: Diamonds as investment? Why not just put it in a shares ISA? Boring but they've been doing better than 15% per year, and tax free. 'The value of your investment may go down as well as up'. Surely they mean 'instead of'

10-01-2007, 21:42	#19
simonsheil Briskodian Join Date: May 2005 Location: Cleator Moor Posts: 761 Members Car: Skoda Octavia & Felicia Fun Thanks: 8 Thanked 25 Times in 22 Posts	Re: Diamonds as investment? I was under the impression the diamond market was under pressure due to dr beers losing market share and hance having less control on price. However that is just general market newsand not values specific.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode