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Old 06-14-2013, 06:36 PM   #1
Fly on the wall
 
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Provident selling Diamonds

I noticed today that Provident is now in the diamond business. They will soon start selling 1 carat total weight melee certicards.
I don't know much about them, especially as an investment. Found a quick tutorial here http://www.jewelry.com/education-diamond-carat.shtml.
I think it would be more difficult to sell them. How could you prove they were real?
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Old 06-15-2013, 07:07 AM   #2
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I looked at diamonds once because of their tiny size, therefore easy to transport, many people in WWII smuggled out diamonds sewn into their clothes for example.

Problem 1 is that they can make diamonds (Synthetic diamonds, https://en.wikipedia.org/wiki/Synthetic_diamond) that are better than the real thing in a laboratory. I've read the only way experts can sometimes tell them apart is because they're 'too good'.

Now if anyone could make silver or gold in bulk in a laboratory that was equal or better to the mined stuff would you still want it as investment?

Problem 2: Is even with natural diamonds, each diamond is different.
I can give you a one ounce gold eagle and you can give me a one ounce gold eagle in return. We are even. And any coin shop will give us a fairly similar price. However for diamonds, even 1 carat, near flawless and colourless doesn't equal another 1 carat, near flawless and colorless and we will take a big hit on purchase price when it comes time to sell.

Quote :
For example, the price of Gold is directly proportional to it’s weight. However, the price of a diamond is completely dependent on its beauty.
Quote :
Many times, you won’t even get half of what you paid...
http://www.diamondsisters.com/antiqu...-resale-value/

Last edited by Unbeatable; 06-15-2013 at 07:10 AM.
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Old 06-16-2013, 08:23 PM   #3
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Thats some of the same concerns I had Unbeatable.
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Old 06-16-2013, 09:31 PM   #4
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Diamonds - NO.
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Old 06-17-2013, 08:19 AM   #5
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Another issue with diamonds is the fact that supply is being artificially restrained by De Beers and Russia. It`s really the opposite of pm markets where Western goverments are increasing supply via sales, leasing and paper markets.
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Old 06-17-2013, 08:45 AM   #6
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perfect for your bunker though -

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Old 06-22-2013, 11:05 AM   #7
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I would not touch diamonds. Its a fake market propped up by the large mines that regulate how many stones are on the market. When the SHTF nobody will want a diamond card.
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