With all of this favorable press regarding gold and its intrinsic value, many investors have missed the news that prices for investment diamonds have actually performed slightly better than gold during the first half of this year.
Diamond values held steady in July, after rapid inflation earlier in the year. Weak consumer demand in the US, coupled with fear that the recession will spread globally put the lid on prices. Diamond values are still up 15 percent compared to a year ago.
Buying diamonds for jewellery is a common practice, but investing in them and trying to turn a profit is not for your average folk. Diamond investing is a little bit tricky, especially for those who have started investing in precious metals, and then take the leap to diamonds, assuming that they behave in the same fashion. Once someone decides to take the leap, they are in for one heck of a ride.
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