For most people, buying jewelry is about choosing a piece that connects with them emotionally, regardless of its price tag.
However, it’s wise to keep one eye on the investment potential of any jewelry you pick up, so that you at least have a sense of whether your money is going into an appreciating asset, or a losing liability.
The main talking point for jewelry investors at the moment is whether lab-grown gems are a better bet than mined diamonds. If you’re in the dark about all this, stick around. I’ll go over everything you need to know.
I love to empower people to learn how to create their most successful lives. So I put together this article on how to make money – doing something that’s based in both smart thinking and the love of beautiful gems.
First up, there’s the initial purchase price to bear in mind. Mined diamonds are typically more expensive than those grown in a laboratory. Why? Because they require more of an investment of time and money to extract from the earth reduces costs.
On the other hand lab-grown gems are often more competitively priced. And they don’t consume anywhere near the amount of resources as their mined counterparts to put into jewelry. They are also completely identical, which means choosing man made gems doesn’t involve making any kind of compromise in terms of looks, durability or anything else.
If you’ve never seen what lab-created diamonds have to offer, it’s worth it to explore VRAI’s engagement ring collection, where you’ll find the latest and greatest offerings in this market niche. With VRAI’s lab-grown diamonds, there is no middleman. This also reduces the cost to the consumer. You’ll also see that the pricing is appealing, while still attaching strong values to the larger gems and the more elaborate settings.
With all that said, there is some debate over which type of gem holds its value better over time. Lab-grown diamonds are only now entering the mainstream in a major way, in spite of having been invented in the middle of the 20th century. This means that, compared with mined gems, they haven’t had extended market exposure.
Regardless of your choice between mined or man made jewels, doing your research into pricing trends before investing is the best way to ensure you make a wise decision.
It’s not just a choice between lab-grown or mined gems that you need to make. There’s also the question of color to take into account during your research.
Colored diamonds of all varieties can be more expensive than white diamonds, with other factors like clarity and cut coming into play here. Whatever the case, their rarity makes them an excellent asset with significant potential for appreciation in value over time.
Being rare is only half the story. Colored gems often come with particular properties and spiritual qualities attached. This means that it’s not just the value of the raw materials which matters. But also their meaning to certain buyers, allowing them to remain desirable in the long term.
Another point to make is that investing in colored diamonds provides an opportunity for diversification, since these jewels tend not to fluctuate much when compared with other commodities, such as stocks or gold. So for buyers who want consistent growth without taking on too much risk, buying lab-grown or mined gems with colors other than pure white is a route worth taking.
As we’ve already made clear, it’s important that you exercise caution and do plenty of research before making any decisions regarding investments. Here are some more tips to help you make wise choices:
When investing in gems, it’s important to consider how best to protect and maintain them, particularly if you’re planning to keep them for many years before eventually selling. Here’s how you can keep your jewels looking their best, and retaining their value for longer:
It’s arguably not the best idea to only buy precious gems as an investment, whether they are lab-grown or mined. Trying to play the markets and predict future fluctuations in price, or time your exit, can be stressful if you aren’t always tapped into the state of play, and if you’ve only got limited cash to spare for this purpose.
It’s better to select pieces you love, and ensure that they’re of a good quality when you buy them, and have the investment aspect bubbling away in the background, rather than being the main reason for your purchase.