Retire Early
Lifestyle
Retirement; like your parents, but way cooler

In 1991 Billy and Akaisha Kaderli retired at the age
of 38. Now, into their 4th decade of this
financially independent lifestyle, they invite you
to take advantage of their wisdom and experience. |
|
Is Diamond
Jewelry a Viable Financial Investment?
Janice Martin

Photo Credit
Who
doesn’t want the freedom of an early retirement?
Why
wait until you’re in your sixties when you could retire decades earlier? It’s
not easy, but a few smart financial decisions can put you in a place where it is
possible. The secret to an early retirement lies in your investments and growing
your wealth. The
more money you set aside - and the more it grows - the sooner you can leave
the traditional job market and retire.
Sticking with that topic, today’s post will look at one of the ways you can
create a fantastic retirement investment. As you can see from the title, we’re
talking about diamond jewelry. Diamonds are always seen as incredibly valuable -
so does this mean they’re a viable investment as you plan for the future?
There’s only one way to find out!
Diamond Prices Fluctuate
The
best investments are those that rise over time. That’s why most experts
recommend investing in property if you want to retire early - house prices tend
to increase, so they’re almost always guaranteed to be great investments.
So
what about diamonds - do they increase in value over the years?
Well, it’s complicated.
Statista research shows the value of diamonds increased tenfold from 1960 to
2016. That’s excellent, but it doesn’t tell the full story.
A
more detailed analysis of the
Diamond Prices
Index (this is the price per carat) shows that diamonds have been all over
the place since the turn of the Century. We’ve seen peaks in 2011 and 2022, with
down periods in between. This suggests you could find a valuable and rare
diamond that increases over time - you just need to wait for the right time to
sell it, which can be tricky.
The Lab-Grown Diamond Revolution
Most of the diamonds that increase in price do so because they’re incredibly
rare. However, lab-grown diamonds are throwing a spanner in the works. Look for
the best place to buy
engagement rings, and you’ll see loads of lab-grown options. These diamonds
are forged in laboratories rather than under the earth’s surface.
As a result, it means
diamonds are more accessible to everyone.
They can be made without
mining, which drops the price down. Some diamond experts worry that this
will decrease the overall value of pure diamonds as well - which could harm
any future investments.
On the other hand, some
people think this has the opposite effect. With more and more lab-grown
diamonds on the scene, the value of “real” diamonds could go up. This means
you could resell diamond jewelry for a better price, possibly turning a
profit.
Conclusion: Ask An Expert
For Financial Advice
All in all, diamonds probably
aren’t the most viable way of saving for retirement. They’re excellent
purchases when you want quality jewelry that lasts. If you love diamond
jewelry, then there’s no harm in buying it - you could probably sell it for
some decent cash during retirement if you ever need a few extra thousand
dollars.
Regardless, it’s always best
to speak to an expert for any sort of financial advice. This is simply a
thought-provoking guide, so don’t take it as official investment advice.
Talk to a pro, let them look at your finances or evaluate any diamond
jewelry you own, and take it from there.
For more on
Retirement Topics,
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About the Authors



Retire
Early Lifestyle appeals to a different
kind of person – the person who prizes their
independence, values their time, and who doesn’t
want to mindlessly follow the crowd.
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