Diamonds are durable, beautiful, rare, and precious, making them enduring tokens of love and commitment. Due to their outstanding chemistry and sparkly appearance, diamonds are considered the epitome of precious stones.
For years, diamonds have been used as a symbol of wealth and elegance, and this has got many people wondering if diamonds are a great investment. If you’re a precious gemstone enthusiast, you probably understand how lucrative gold investment is.
With that said, you don’t have to be stuck with gold because diamonds also offer the same value. For more about this, here are the advantages of investing in diamonds.
- Pink Diamonds Are Beautiful And Exciting To Own
Unlike diamonds, you can’t wear or use gold for its price to remain constant. This means that your gold has to be stored safely away in a deposit box or a safe. However, this is never the case when it comes to diamonds.
With diamonds, you can invest in them while using them anytime. Selling pink diamonds, which are often associated with commitment and wealth, is a breeze because they’re beautiful and enjoyable to look at. But are pink diamonds a good investment? Definitely yes, and this is because these precious stones can grow your wealth, thanks to their durability. Therefore, as they offer long-term value, you can practically wear them for as long as you want—without the need to worry that their value might drop.
With this in mind, you now know that diamonds are a great investment that you can sell anytime, even after ten years, and make a significant profit.
- Offers Protection Against Inflation
With prices of everything soaring around the world, it’s vital to come up with ways of protecting yourself against inflation. And there’s no better way to achieve this than investing in diamonds. Like other precious gemstones, diamonds are considered inflation-proof.
And the best part about owning a diamond is that they’re durable and movable. Due to these aspects, diamonds are a great investment over precious metals and even real estate. In addition to inflation, diamonds offer protection against currency reform and market collapse, making them an excellent investment.
- Excellent Durability
Diamonds are made of carbon, which makes them very strong and durable. Due to this feature, diamonds are often used in designing high-quality cutting tools. They’re considered to be 58 times stronger than the planet’s second-strongest naturally occurring element. As a result, you’ll need to use a diamond to cut a diamond. That’s how strong this precious gemstone is.
Thanks to its durability, you’re guaranteed that your investment will literally never break. You’ll be able to store your diamond for years, and it’ll never lose its glitter, making it an excellent investment than most precious stones and metals traded on the market.
- Easy To Store
In addition to offering excellent durability, diamonds come in a convenient size that makes them easy to store and transport. You can easily store your diamond and pass it down as an heirloom without it depreciating in value.
This makes diamonds perfect for transferring wealth without needing upkeep, maintenance, and administrative assets like artworks, property, and cars. You can easily and safely store a million-dollar diamond in your home and pass it on to your children without spending any money on maintaining and keeping it safe. Thanks to its high value and light weight.
- Recognised Across The Globe
Unlike some items, the value of a diamond is appreciated across the globe. This means you can purchase a diamond anywhere in the world and sell it somewhere else, and still make a significant profit.
For instance, you can buy diamonds in France and sell them at a higher or the same price in the United States. Although no country accepts diamonds as a medium of exchange, you can always trade yours for cash and monetise it for a good profit.
- Zero Capital Gains Tax
Unlike real estate, investing in diamonds is not subject to capital gains tax. Capital gains taxes are taxes on the gains from the transfer of property, such as a piece of land, buildings, or shares. This means that if you buy a diamond and sell it after several years, you’ll keep all the money.
Additionally, it’s also not subject to Value-Added Tax (VAT). A diamond will only be subject to VAT when it’s incorporated into a piece of jewellery. This makes diamonds an excellent investment. Furthermore, they allow both investors and heirs to remain anonymous.
Takeaway
With diamonds being the most expensive gemstone on the planet, they make an excellent investment. Whether you’re buying them for yourself or thinking of making a profit from them in the future, you’re guaranteed to enjoy your investment. And if you’re thinking of a reason to buy one, you can always refer to the advantages of investing in diamonds discussed in this article.
