Did you know that the global gemstone market was worth approximately $23 billion in 2018?
Not only are diamonds and gems are used to create beautiful jewelry, but they’re also a great investment option, too. With the global market set to continue growing, it’s no wonder so many people are considering buying gemstones.
If you want to buy gems as an investment, there are a few things you need to consider beforehand. That’s where our helpful guide comes into play.
Read on for our quick gem and diamond buying guide.
Why Buy Gemstones?
The use of diamond jewelry as an asset has grown rapidly in recent years. Several characteristics make it an excellent investment alternative to gold.
The convenient size of gemstones means they’re easy to store. Unlike precious metal billions, they do not take up much space. Even a small diamond trinket costs twice or three times as much as gold jewelry of the same size.
Diamonds’ natural durability is another strong advantage. It is the hardest substance known to man, so If you want to wear your gemstone jewelry, you can be sure that nothing will happen to it.
Types Of Gemstones
Choosing a beautiful gemstone for the right price means considering many factors. Firstly, you need to decide which type of gem you want to invest in. While diamonds are probably the most popular gemstone for investing, let’s take a look at all the most common options:
Diamonds are the most valuable gemstone you can buy. As an investment, they hold their value well and can easily be liquidated.
Diamonds are valued by their carat weight, not to be confused with a gold karat. Check out https://www.raremetalblog.com/carat-vs-karat-whats-the-difference/ to learn more.
Sapphires are the second hardest substance after diamonds and one of the most valuable.
They are prized for their aesthetic qualities and are widely used in jewelry making.
Rubies’ characteristic color makes them a valued commodity and a common addition to high-value jewelry.
They are one of the rarest types of gemstones, making them a great investment option.
How To Buy Gemstones
Buying gemstones is a simple as finding a reputable dealer or jeweler with a comprehensive stock to suit your price range.
First-time investors in gemstones and diamonds are sometimes shocked at the price, so it’s a good idea to manage expectations and do your homework beforehand.
When buying precious gems from a reliable dealer, you will receive a note of authentication and a warranty.
Buying Diamonds And Gems: What You Need To Know
So, that’s the 101 on how to buy diamonds and gems.
By choosing precious gems as an investment opportunity, you get to own a beautiful, wearable asset that will only appreciate in value over time. Our gem and diamond buying guide puts you on the right track.
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