Investing in gold and precious metals has long been a strategy that defies the ups and downs of the stock market. But have you ever considered investing in loose diamonds and other precious gemstones? Loose diamonds in Chicago are readily available and will only increase in value over the coming years. If you’re already investing in gold, look into also investing in diamonds.
However, there are a few things you’ll need to know when buying loose diamonds as an investment. For one thing, the quality and value of a diamond are subjective; whereas one ounce of pure gold is the same as any other ounce of pure gold, each diamond is unique. Choosing the right diamonds as an investment is critical.
First of all, buy loose diamonds in Chicago that have been certified by either the GIA or the AGS. These diamonds will come with a certificate verifying that the diamond is genuine.
Second, consider the cut of the diamond. Round, brilliant-cut diamonds are the most popular. Thus, they will be easier to sell. Aim for “excellent cut grade” diamonds for the best resale value.
Finally, don’t pay too much for your loose diamonds. Unlike gold, which has a set price, the price of individual diamonds is subjective. You’ll want to shop around the Chicago metropolitan area to find the best value for your money when buying loose diamonds.
If you’re in Chicago, check out Albert’s Diamond Jewelers in nearby Schererville, Indiana, for good prices on quality loose diamonds.