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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

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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. 

 

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About the Authors

 
Billy and Akaisha Kaderli are recognized retirement experts and internationally published authors on topics of finance, medical tourism and world travel. With the wealth of information they share on their award winning website RetireEarlyLifestyle.com, they have been helping people achieve their own retirement dreams since 1991. They wrote the popular books, The Adventurer’s Guide to Early Retirement and Your Retirement Dream IS Possible available on their website bookstore or on Amazon.com.

contact Billy and Akaisha at theguide@retireearlylifestyle.com

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