Diamonds are forever, right?
So investing in colored diamonds isn’t a bad bet for someone looking at alternative investment opportunities, whether they’re looking to go all-in with this increasingly popular investment option or to just test the waters with smaller initial investments.
You may be wondering: what are colored diamonds? Aren’t diamonds clear? Actually, no, not all of them. In fact, diamonds come in a variety of colors, and as confirmed by the interest in recent auctions of colored diamonds, interest, and in particular, investment interest, in fancy colored diamonds is only growing.
Take, for example, the fact that colored diamond jewelry was a prime focus at the Christie’s Hong Kong Magnificent Jewels Sale in May this year, which featured rings with blue and green fancy colored diamonds. And if you’re looking for further illustration of rising interest in colored diamonds, consider the sale of the famed “Pink Star” diamond, which sold in April this year for a record $71.2 million.
But, don’t let the word “diamond,” or recent auction prices, scare you away if you’re looking for alternative investment vehicles. Investing in fancy colored diamonds does not have to be for just the high net-worth.
In fact, because colored diamonds keep increasing in value and popularity, more investors representing a range of portfolio types are becoming interested in buying or investing in colored diamonds as an additional resource outside of the stock market or more traditional investment channels.
In other words: investing in fancy colored diamonds could be the right move for you to diversify your investment portfolio, even if your budget is limited.
Heightened interest for fancy colored diamonds is something that Paragon International Wealth Management, a Toronto, Ontario firm that specializes in the acquisition and management of fancy colored diamonds, has seen first-hand. The investment advisory firm mentions that fancy colored diamonds have shown impressive gains for decades now, resulting in higher profit margins as compared to other hard asset options.
Colored diamonds are an excellent investment – as a steady source of both value and profit, for investors or sellers, they’re an investment opportunity that shouldn’t be overlooked, Michael King, Director of Trading at Paragon International Wealth Management, comments.
Learning just how to invest in fancy colored diamonds wisely can seem like a daunting task. But, don’t freak out just yet — companies like Paragon International Wealth Management and others exist to help walk you through the process. Doing some research on your own isn’t a bad idea, but letting experts in the industry guide your investment is an important guidance point.
Many experts who work in the diamond industry recommend that potential investors first research and gain an understanding of the basics of fancy colored diamonds and the various diamonds qualities that determine a given diamond’s value.
It’s a point reiterated by the experts at Paragon, a firm that not only has a goal of fielding the best colored diamonds for their clients, but also educating clients about fancy colored diamonds, particularly those just familiarizing themselves with the diamond market.
There’s just one thing you’ve got to figure out as you get started, and that is – which gorgeous color do you want to start with first?