Looking to Invest in Diamonds ? Beware

Are diamonds a good investment today? The answer is a big fat NO. Diamonds have not been a good investment for years, infact if you take into account diamond prices (inflation adjusted) for the last 30 years, they have given dismal returns. Do your research before going for diamonds as a viable investment option. Diamonds have been used by money launderers to hide copious amount of cash from the authorities in some east European, south American and Asian countries because they are easy to hide and to dispose of . These guys don’t care if the diamonds are a good investment or not, all they care for is not declaring their ill-gained or not cash.

SO if you are not one of the fore mentioned people , then have a read of this article in the Wall Street Journal and think twice before using diamonds as an investment option. Having said that you need to know that buying a diamond at a good price for its wearing pleasure is still one of the most satisfying experience for a woman or a man for that matter and that’s how one needs to look at a diamond buying decision.