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Is it worth investing your money in diamonds in 2021?

    Over the past few years, people have started realizing the value of investing in diamonds. What started off as a trend, is now quite a common thing among the working class. As people got to know that value diamonds might increase in the future, more and more people started investing in it. But a lot of things changed when the pandemic hit. And now people wonder whether it still is a good idea to invest in diamonds in 2021. 2020 saw the market crashing like never before. Stocks were at their lowest and economically, the world was a mess. As 2021 progressed, the market stumbled back up to its feet and people regained their faith in diamond investment again. __________________________________________________________________________________________________________ The state of the diamond market in 2020 __________________________________________________________________________________________________________ As the market crashed when the Covid19 pandemic hit, diamond prices had to bear the brunt as well. But they were on a slow incline after that. For those who prefer safer investments and would like to avoid risks, diamond investment in 2021 is a good idea. People bought lab grown diamond engagement rings during this pandemic crisis. Many synthetic diamond companies have increased their production which has led to more supply in the market, thus affecting the prices too. It is a cautious step but might be fruitful in the future.  __________________________________________________________________________________________________________ Why is it a good idea to invest in diamonds? __________________________________________________________________________________________________________   It is an exhausting resource __________________________________________________________________________________________________________   The stone has been mined since decades and will be mined for a few more until the source finally exhausts. And that is when the prices will skyrocket and if you have invested in them, you will be in possession of an extinct stone. That itself is a very motivating factor to invest in diamonds.  __________________________________________________________________________________________________________   Always in style   __________________________________________________________________________________________________________   Diamonds were, are and are always going to be in style. It is the hardest rock on the planet, it is rare and undoubtedly stunning which means people are going to be in love with it for centuries to come. So the market for diamonds is always going to stay high. __________________________________________________________________________________________________________   Won’t get banned __________________________________________________________________________________________________________   Unlike cryptocurrency or any other form of digital currencies, diamonds won’t get banned from a country. They can be used, bought and sold in any part of the world, which makes it a very convenient investment that you can liquidate anywhere. __________________________________________________________________________________________________________ The risk factors __________________________________________________________________________________________________________ Like any investment, diamonds also come with a fair share of risk. The market for example isn’t steady. It keeps rising and falling based on the stock prices and so some amount of calculated risk is definitely to be considered.  It is a good idea to diversify your investments. Only investing in diamonds might be a wrong decision. Make sure that diamonds are ONE of your investments, while you also invest in other more reliable things as well.  Lastly, after reading all these interesting facts about diamonds, it is always important to remember that nothing is fool-proof. Always remember to educate yourself about the 4 C’s – Cut, Colour, Carat and Clarity. Also, it is a good idea to have a trusted gemstone expert or jeweller handy, who, you can take advice from.  __________________________________________________________________________________________________________ In conclusion, __________________________________________________________________________________________________________ Investments do not guarantee high returns. Make sure to read well and know all the pros and cons before you invest.  

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