Diamonds are highly valued because of how rare and in demand they are. Diamonds are remarkable pieces, and everyone knows the saying that ‘diamonds are forever’. This stone is extremely durable, they are the hardest stone you can find. You may be wondering if diamonds depreciate in value over time. Diamond values have fluctuated over the years, and the pricing can be a direct reflection of supply and demand. GoldFellow, the expert gold buyers in South Florida, explain how diamonds appreciate or depreciate over time and what you can expect when it comes to the price of such a beautiful stone.
Are Diamonds a Depreciating Asset?
When you purchase a diamond ring, there is an initial depreciation from the retail price but unlike a car, it doesn’t continuously lose value over the years. A diamond’s value can stay steady and this doesn’t necessarily mean that it’s a depreciating asset. The reason that diamonds are so high in price is because companies like DeBeers set these high prices. Diamond prices will also increase with inflation like most other valuable items.
How to Increase the Value of Diamonds Over Time
Preserving and protecting a diamond will help retain its value and even gain more value over time. Like any investment, you should take the necessary precautions to make sure that the diamond will not lose its value. You can certify your diamond in order to get an accurate grade when you have the stone appraised.
All in all, the more rare a diamond is, the more valuable it will be over time. If you have an unwanted diamond, it may be time for you to get it appraised in order to sell it. You want to perform research before you make any transactions and you should choose a diamond buyer that you feel safe with. GoldFellow has been in the gold buying and selling industry for over 35 years and when it comes to selling your diamond, we can help you receive the best price. Our system is completely secure, and you will receive your money in no time! Contact us today to learn more about selling your diamond.