As investments in Real Estate and stocks continue on a downward spiral, many are realizing that a girl’s best friend may also be her best investment. Very high quality diamonds and other gemstones have a lot of investment appeal if one takes into account global trends in the coming years. The fact is that wealth is being distributed more widely in our global world, but at the same time mines are being depleted of fine quality stones.
Antoinette Matlins is the author of “Jewelry & Gems: The Buying Guide.” She says “The cost of the finest emeralds has increased approximately 75% over the past 2 years, rubies about 70%, and sapphires over 60%.” She notes that wealthy individuals in the Middle East and China are increasingly interested in purchasing top quality gemstones, and their habits go a long way in explaining why prices are moving up.
Investing in gemstones requires a tremendous amount of expertise. Stories of tourists trying to buy gems from individuals near mines in places like the Golden Triangle in Thailand are infamous. Scores of people have been swindled while outside their home countries because they think their hobby or amateur knowledge is good enough to identify quality when buying from individuals at seemingly immense discounts.
If you want advice on what gemstones are most likely to increase in value, ask one of the experts at Firenze. Test our salespeople’s knowledge and you’ll see they are some of the most educated in New York when it comes to high-end gemstones. Our reputation comes from our genuine commitment to each and every person that approaches us for advise.