News & Tips on Personal Financing

Carl Blackburn on Investment Diamonds

Carl Blackburn, owner of Diamond Estate Jewelry Buyers, has written a new article for local news outlet La Jolla Light. The article is titled “Diamonds: Emotional & Financial Gain” and includes Blackburn’s professional insight into the subject of purchasing investment diamonds–based on his 25+ years in the estate jewelry trade. Here is an excerpt from the article:

“As one of the most concentrated forms of wealth on the planet, diamonds make an excellent investment. While precious metals like platinum and gold also have intrinsic value as investments, they are much bulkier and harder to store, requiring the serious investor to maintain a very large safe. On the other hand, a million dollars’ worth of diamonds is small enough to fit in your shirt pocket. This element of portability makes investing in diamonds completely private, as no one has to know how many diamonds you own….

….While the price of diamonds continues to rise steadily, investing in diamonds is not a get-rich-quick scheme. Sales tax and high transaction costs can take a long time to recoup. However, there are times when diamond prices skyrocket, such as in times of economic instability when people want to invest their money into something tangible. In times of adversity, diamonds are portable wealth that can be stashed away for a rainy day. Although the diamond market will likely remain balanced through 2017, demand is expected to exceed supply from 2018 to 2023, supporting a long-term investment strategy in the diamond industry.”

To read the rest of the article, please click on the following link for La Jolla Light: Investment Diamonds.

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