5 Reasons Why You Should Not Buy Diamonds

By SiliconIndia   |   Friday, May 17, 2013   |    3 Comments
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Bangalore: On every Valentine’s Day every women aspire to have a diamond jewelry that is the symbol of love and romance. Infact even Sexy Marilyn Monroe sang 'Diamonds are a girl's best friend' in the famous movie “Gentlemen Prefer Blondes”. Since then diamonds have become the most important thing in every girl’s life. But, it looks like Marilyn Monroe’s prominent saying is getting wrong these days.

Here are few points that explain why diamonds are no more a girl’s best friend and why investing in diamonds or buying diamond jewellery is probably a waste of money.

1. Price of a Diamond

We all are aware of the rising prices on gold and silver. But when it comes to diamonds, the price has not been changed from past 5 years.

Infact, there is no fixed price on diamonds while buying or selling.  The price of the diamond is decided purely on the basis of, what is known as the 5Cs- which stands for carat, clarity, colour, cost and cut.

So, if you are planning to sell your diamond, you should first know deeply about how good your diamond is and whether it has all the 5C’s.

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Reader's comments(3)
1: I am a jewelry artist. I make one of a kind hand fabricated work which means a lot of bridal/wedding jewelry. I refuse to use diamonds of any kind in my work because of the vulgarity of the diamond trade. Diamonds aren't that short aren't that special. Plus so many people are exploited in the process, including, in my opinion, the consumer.
It is the responsibility of all consumers to be informed about the purchases they make. It is also the responsibility of artists, craftspeople and retailers to bring products of integrity to market. Stop using diamonds in your work and people will stop buying them. Anyone who has doubts about the gratuitous and vulgar nature of the diamond industry should make a trip to Africa and see for themselves. If you are fighting in favor of diamonds you should be asking yourself why. Why are you so attached to a small chunk of stone when children are starving not just across the world, but in your own neighborhood?
Posted by:Gopinath - 21 May, 2013
2: Diamonds can be a tricky asset to invest in if you do not invest through the correct channels. The Waldman Diamonds Company has developed a model that has removed the barriers which until recently made private investors reluctant to consider investing in polished diamonds. As an international wholesale diamond manufacturer WDC can offer investors the opportunity to invest in investment grade, GIA-certified, laser inscribed, polished diamonds at wholesale prices.

Posted by:Ami Elstein - 19 May, 2013
3: "Experts say that this is another important reason for the diamond rates to remain flat."

It doesn't seem that prices are declining. On the contrary, they had been increasing throughout the years.


p.s: As carat sizes increases, the prices of these stones increased tremendously for these rare stones.
Posted by:Ben - 17 May, 2013
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