What is Argyle Diamond Investments? A symbol of proposal? A wedding present? It seems like that as I listened to the theory of eternal love and the unity of diamonds (?) through TV commercials since childhood. Whenever you and I need jewelry, diamonds. When you go to buy sparkling diamonds, you will always focus on beautiful and pretty things. But at this moment, you have to be alert and deal with diamonds. It might be money. If you need to buy diamonds right now, I would like to tell you a little bit about diamonds that you should read for a while.
Are diamonds worth investing?
Is diamond worth the investment? The answer returned after thinking about it for a while is realistic. “It is not recommended for those who are currently dealing with diamonds and are approaching for short-term investment purposes. But it doesn't matter if you're going to buy a big one and pass it on to my child or grandson, or if you can wait more than 10 years.
The larger the size, the higher the scarcity value, so the price does not fall that much. First of all, you can save a lot of taxes on the premise that the value of diamonds doesn't change significantly.” If you consider converting it to the value of money in the future, it is better to choose diamonds than colored gems such as sapphire or rubies. In Australia, the phenomenon of diamond drift is severe.
Since most of the demand is concentrated on diamonds, there is a natural buying and selling price. Of course, it is a matter of the buyer's choice, but in the case of colored gems, even if you bought them for a similar money as diamonds, there are cases where they are not accepted at all. This is because the demand for diamonds is high, but the demand for colored gems has declined significantly. Because of this atmosphere, you have no choice but to choose diamonds in the end.
The major drawback is that diamonds are not without investment value, but it takes a long time. The price is considerably higher than gold, so it is difficult to access it in terms of price. Why are you talking about diamonds? It can't be said that it's all, but it's because at least once, you sit at a jewelry store and contemplate what to buy. For those who are thinking of getting married, for example. At this time, if you know a little, wouldn't you be able to choose not only good quality but also suitable investment-related jewelry?
There are, of course, those who actually view diamond as an investment concept. Even if they don't say it, they are people who have the money to spare. In particular, in the case of women, the perspective of looking at diamonds sharply differs according to generations, said Jeong Yu-jin, a jewelry appraisal manager at the Australia Gold Exchange.
“Depending on the age, interest in pink diamonds is very different. People in their 40s to 50s who see the real thing and invest. You can afford it economically, and people who spend money spend really big money. People in their 30s don't have money. When you get married, you can't even care about raising a child. When you reach your 40s or 50s, you have a desire to upgrade your diamonds. I want to consume something. If you're married, you also have children, so you want to be rewarded. At that time, it seems that if it is not a luxury product, you are interested in diamonds. When they are over 60, there are a lot of people who are old and take care of themselves. You can assume that the jewelry market is in their 40s and 50s.”
Quality evaluation criteria that you must know before buying diamonds
In gold, there is nothing to check because only one gold bar is enough, but diamonds have strict quality evaluation criteria. For reference, Australia is following the quality evaluation standards from Wooshin Boseok Appraisal Institute or GIA (Gemological Institute of America). As '4Cs', it is subdivided into color (color), clarity (transparency), cut (polishing), and carat (weight). There is a clear summary of the criteria by which the GIA evaluates 4Cs on the Internet. To sum up, color is based on ``to be chemically clean and perfect like a clean drop of water''.
There are five grades, from the highest grades D to Z, and the lower the stage is, the more yellow and cloudy. The rate of cut is also very important. Depending on the crafting technique, the criteria are set as Excellent, Very good, Good, Fair, and Poor. Even with the same carat, the price difference is large. For example, if a 1 carat diamond is estimated to be 10 million won, the price may be 5 million won or exceed 10 million won, depending on the grade. When buying diamonds as an investment, Park said, "I would like to choose a more favorable one based on the appraisal."
“For an investment, for example, 3 carats or more is good. And it would be right to pick the highest grade. Of course, the highest grade is the most advantageous, but there are colors G and F colors. If the price difference is small, it is better to buy an expensive one.”
Not all vendors do, but they charge up to 75% to 80% when they buy the diamonds they supply. It's because they can't buy their own jewelry at a bargain price. If you have to sell diamonds for some reason, you can't get 80% if the company closes. Therefore, it is important to look closely at the companies before buying diamonds. If possible, it is advantageous to go to a place that is old and has a lot of diamonds, advised Park Byung-sook.
“Sometimes the customer who bought the diamonds disappears quickly. So, you have to look out. It doesn't matter because the company doesn't disappear if you buy from T company, but it's too expensive (laughs). And if you have a diamond of the highest grade, you think it's worth the investment, but you have to go where you can buy it at its worth. The highest grade may be difficult to trade. In that case, it's good to think of a famous overseas auction. Australia Auction and K Auction also handle diamonds. Selling that way can be valued.”