Gold is a well-liked funding however diamond isn’t. why?
They’re extra priceless, and wealthy individuals purchase them. So, why can’t we spend money on diamonds?
Let me inform you a narrative.
De Beers had a monopoly within the diamond business and managed every thing from mining to distribution. Misusing their energy, they jacked up the costs of diamonds by making a faux shortage available in the market. And boy, it did work.
Diamonds turned the last word standing image, and other people have been prepared to pay ridiculous quantities of cash for them. Diamonds don’t have any truthful worth and it is exhausting to inform what they’re truly price.
And its resale worth? As per a survey, only one in 10 diamonds might be efficiently resold at the next worth.
Diamonds are costly, and also you by no means make more cash from them except you’ve got uncommon and valuable diamonds like KOHINOOR.
Talking of investments, have you ever checked out the Actual Property market recently? Now that is the place the REAL worth is.
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