Golden opportunity to buy diamonds at half price!

Golden opportunity to buy diamonds at half price!

International

Diamond Value: Diamond jewelry is considered a symbol of pride and love. But its price is very high. Right now there is a golden opportunity to buy diamonds and diamond jewelry. Because their prices have reduced up to 50 percent. If one has decided to buy diamond jewelry, one must know about its authenticity.

Sentiment comes first. Diamonds are cheap right now for a number of reasons. The first reason is that there is more supply than demand in the market. On the other hand, fears of global recession due to wars in Europe and Asia and geopolitical tensions have dimmed the diamond’s brilliance. In this situation, the price of natural diamonds has fallen by 30 percent in the last one year. At the same time, the price of lab-grown diamonds has fallen by up to 50 percent.

Right now there is an opportunity to buy diamonds at almost half price. The festival month is going on across the country. Festivals like Dhanteras and Diwali are coming up in the next couple of weeks. This period is considered an auspicious time to buy jewelery and gems.

The biggest drawback with buying diamonds is the resale value. The resale value of a diamond is always much lower than the purchase price. The resale value may be limited to 20 percent of the original value. Generally, the resale value of a diamond is between 20 and 60 percent of the purchase price. That is, the loss can be as much as 80 percent.

There are several reasons behind the halving of the price of a diamond upon purchase. Generally people buy jewelery like necklaces or rings along with diamond jewellery. These are bought from jewellers. Since the jeweler does not manufacture the diamonds himself, he also has to buy them. Jewelery stores generally buy diamonds from wholesalers.

Also, diamonds have to go through many steps before reaching the wholesaler. This includes things like cutting, polishing, branding. It has been observed that jewelery shops usually charge double the price of diamond jewelery than their original purchase price. This means that the loss is almost 50 percent upon purchase.

A diamond’s value is determined by the 4Cs. 4C’s are Quality, Color, Clarity, Carat Weight. Diamonds are certified before they are sold. These are called GIA or AGS certifications. It is priced based on the certificate at the time of sale.

The biggest problem is that diamonds are not easily sold. While it is possible to sell gold and silver jewelery at neighborhood jewelery shops in emergency situations, it is not possible to do so in case of diamonds. If one has sufficient income, savings and hobbies, one can go ahead with the decision to buy a diamond without any hesitation.

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