So, how do you know if you’re ready to invest in diamonds? Well, first, you need to ask yourself the most basic of questions – are you even ready to invest at all?
This basic question has been covered in great detail on many sites, so we’ll skip it for today.
But, when investing in diamonds, there are a few things you may need to take an in-depth look at before making any investment decisions.
First, you need to understand the costs involved. Until advanced features on CEDEX become available, you will need to have enough (significant!) capital ready to make a purchase. After all, you aren’t buying a junk bond or some 3rd rate stock, you’re investing in a full-sized diamond..
The cost would likely start at a few hundred dollars and may climb much higher, so a relatively high amount of “start-up” cash is required.
Second, consider what makes diamonds so attractive to begin with – their value tends to remain the same or very close to the same, which means that a diamond you purchased for $1000 will likely still be worth $1000 or very close to it a week, a month or even a year later.
You may profit a little from it, but you ARE NOT going to be able to suddenly sell it for $1500 or $2000, unless you find the world’s most gullible buyer.
So, if you are looking for investment avenues that lead to quick profits with fast paced turnaround – the diamond market is likely not the area for you.
And third, despite this being the bedrock of any investment strategy, it is possibly multiplied in diamonds – you’ll need patience, and perhaps a lot of it.
The exclusive nature of diamonds creates a market in which a sale is quite often hard and an outright “flip” is near impossible without taking on losses, so you will need to do your research properly. Study the market to determine the most sought-after stones, seek out deals for purchasing and wait for the right buyer to come by while you are selling your inventory.
There is obviously much more to investing in diamonds, but these are perhaps the most important things to know. Now you must ask yourself again: are you ready to invest in diamonds?
If the answer is “yes”, then CEDEX is likely the best and easiest place to start.