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Investing in Jewelry - What is a better Investment Buying Gold or Diamond
Buy Gold Bar Online With Assay Card - .999 Fine - 1 gm and 5 gm
Today, I am writing this article especially for people who are looking forward to investing in jewelry and are stuck between buying gold or diamond. This is my personal experience which I am sharing with you but the below listed price and percentages are for informational purposes and not the real ones. So if you are going to invest in jewelry, I would recommend you to invest in gold instead of diamonds as diamond’s resale value is always less than gold. Now read how.
No Returns of Investing in Diamond - Rather Depreciation
For example, you purchased a diamond necklace for 3000
dollars two years back and you go to the same diamond jeweler for
getting a new one. The jeweler will simply deduct the 10% for labor
wear and tear from original bill at the time of purchase. Also, diamonds
studded only in 18ct gold which is 75% less than 24ct or 22ct, both are
for making pure yellow gold jewelry. Also, if you are having more
less gold in your necklace, expect a 5% to 10% depreciation on old
what happens is that the diamond jeweler will straight away deduct up to
from your original purchase and you will be getting in hand only 80%
around 2400 dollars. Now for buying another diamond necklace of the same
and quality, you have to invest another 600 dollars, so there is a
of 600 dollars and no returns of investment.
High Returns of Investing in Gold
Now lets take an example of your yellow gold necklace.
You purchased the same at 3000 dollars two years back and at that time the rate of 10 gm of gold was 300 dollars and now it is around 400 dollars, then you will visit your jeweler, he/she will deduct 10% for labor charges and wear and tear from original bill at the time of purchase and will give you 90% according to the present gold rate which will be around 4000 dollars minus 10% (400 dollars) and you will be getting 3600 dollars. Now what you got here, you got an increment of 600 dollars in two years on your gold necklace.
Now what do you think is a better investment option, gold or diamond?
Would you go for 600 dollar depreciation in two years on your diamond necklace or 600 dollar increment in your gold necklace in two years? Yes, I know you want to take the gold route and that’s why every smart jewelry investor has been doing.
Also Turn Yellow Gold Look Like a Diamond without Buying a Diamond
For women fond of diamonds and wanting to invest in gold at the same time, the option is turning their yellow gold look like a diamond and that can be done by simply getting rhodium plating on yellow gold done by your jeweler. Rhodium can be electroplated on gold jewelry. It looks like white and bright chrome plating. You can view the “rhodium polish on yellow gold pics” on the side. For your information, rhodium is very expensive metal and is around 10 times the cost of gold, but it is plated so thin on your jewelry that the price is not a big deal. Rhodium plating is not so expensive and saves you hundreds of dollars on your investment plus enhances the appearance of your gold jewelry by giving it a diamond-like glitter and truly shiny look. So go ahead and invest in gold and get the rhodium polish done on it if you want a diamond-like look.