30 Nov Historic Diamond Prices
Since the 19th century, the popularity of diamonds has increased. With this growing popularity, the prices also rose. Diamonds are forever and really valuable. Though it’s hard to determine a standard price for diamonds; there is no price per carat or gram. The prices vary depending on a diamond’s carat, colour, clarity, and cut. So every diamond has its own unique value.
The historic diamond price fluctuation
Keep in mind that every diamond is different and also has a different price. When we compare prices, it’s an average price for diamonds with the same properties (4C’s). The rising popularity of diamonds caused prices to increase. Diamond prices are sensitive to economic events. So when the economic crisis started, late 2008, the diamond price note a dip. This means that when the economy recovers diamond prices will rise again. Since 2010 the prices are rising again after a few stable years.
Diamonds based on trust
To utilize these prices the supplier needs investors. The diamond industry is based on trust. Suppliers need to gain the trust of the investors. This trust can be earned by good cooperation and the necessary diamond certificates.
Diamonds are forever
Diamonds are an attractive investment. They are never ‘dead money’. Diamonds can be an acceptable alternative investment for short-term wealth maintenance and a long-term wealth-building strategy. Besides, you should never underestimate the attraction value of pure beauty like a diamond. The buyer is not only attracted to the value of the product, but also to its beauty. Don’t forget; diamonds are a girl’s best friend.