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A few people asked about diamonds and gold, specifically for the purpose of using this answer for buying a wedding ring, and for the sake of investment at the same time. In other words, it is preferable to buy a ring which will not lose its value once bought!
Only a highly prized diamond, like a very large stone or an unusual color, will hold its value or become more valuable over time. Since there is so much variability in the four C’s and there is no set unit price that is recognized in worldwide markets, diamonds are valuable but not as valuable as gold.
Which is more expensive platinum or diamond?
Platinum is always more expensive than gold jewelry due to its unique and rare qualities. It could be more expensive than diamond. It all depends on what diamond rock we are talking about.
Do diamonds go up in value over time?
While a chipped diamond can be re-cut, the lower carat weight will still decrease the overall value. The long and short of investment diamonds is that diamonds are subject to the fluctuations of supply and demand, so the more rare a diamond is, the more likely it will appreciate in value over time.
Are diamonds a commodity?
While the monopoly has ended, the reality remains that diamonds are primarily sold as jewelry. Unlike all other commodities, they have little value from an industrial application perspective. They also lack standardization or a benchmark.
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