Sothebys? Do you know how much is their fee on everything? 30 %. If you pay that huge fee over, it is not investment, but just a holiday shopping with a wife..
Fees are insurance for Real Diamond.
If you want to buy for a good price and be sure about originality, you can not be lazy and you have to be able to travel. Just travel to some cities where are a mian diamond exchanges and have a deal with a diamond exchange member.
Best reply in the thread. Are you in the diamond business? You seem to know a lot.Diamond is not a good investment from my experience. Even in the case of traveling to producing countries (and you must be a good expert in diamonds matter) and getting a good quality diamond and with the consequent certificate, the price will never be recovered.
The most accepted certificate is the HRD of Antwerp (the most apreciate), and in the US and the IGI in the most current but there are also less valued certificates such as GIA and EGL.
In the case of a good HRD certified diamond, the repurchase price will not exceed 65% of the
Rapaport wholesale price, which is the reference value in the wholesale market.
Obviously you will have paid this diamond 15/20% more expensive than the wholesale price.
And when you want to sell it, nobody will pay you more than 65/70% of the rapaport.
For example, a diamond with a maximum purity "IF", top color "D", with 1 CT can cost you € 23K in the market. The same diamond is valued according to Rapaport and GIA certified at ~ 16K. If you find someone (profetional) to buy it, they will offer you at most 13K. The diamond market is very closed and it is only for those who are part of the mafia that makes it up. If you are an expert in diamonds and get recognise a good stone when is still in the rough state, maybe you can do a business if above all you can certify your diamond and make sure that it is not a blood diamond.
DIAMOND IS FOREVER.... Because you never get to resold it
@maxmmm I'm not in the diamond business but I made the mistake of buying diamond to experiment and realized right away that the business only exists for the mafia that surrounds the diamond. Meanwhile I learned to know this world and never to set foot inside it again. I acquired knowledge about the subject by delving into this world to see if I could take advantage of an opportunity, but I learned that knowledge is not enough and unless your name is David, or Levi or Moshe, few possibilities exist to get something. It didn't cost me a lot of capital but the price that I paid was the price for a lesson. There are expensive lessons and other cheap ones. This was not the cheapest one . I still have in my possession the investment that makes the joy of some other person of the female gender that I have had in my environment and that they have given me their best smiles when they have had in their eyes the flashes of my investment. The following nights have always been memorable
A serious purchase of a diamond is never made at an auction house such as Sothebys or any other auction. You have to go to an authorized agent of
The problem is that "NOBODY" is then going to buy your investment back.
Just buying diamonds with 50k is a bad investment, you will just lose money, probably a lot.
They are basically worth very little It's all the marketing that adds the price on. It's not an asset to invest in at all.
