Investing in Diamonds

[cancer man]

I took Zenops advice and lost in nickel,Gold ok and Silver best bang for the buck.
Diamonds and what do you guys think?Here is my e-mail.

As per our conversation, please find attached Certificates of Appraisal, with images, for the following recommended natural colour diamonds:

0.29ct. - Fancy Brownish Pink - Cushion Cut - VS-1 (Our price: CDN $5,900.00);
0.64ct. - Fancy Gray-Greenish Yellow - Princess - VS-2 (Our price: CDN $7,690.00);
1.60ct. - Fancy Dark Yellowish Brown - Pear Shaped - VS-2 (Our price: CDN $13,900.00).
Please review and I will be in touch to discuss.

Regards,
Mr. Morris Field, ext. 154
Sr. Diamond Trader
Genesis Rare Diamonds

[Supa Dexta]

Anything to do with a diamond is not in investment.

[BensonTT]

Originally posted by Supa Dexta
Anything to do with a diamond is not in investment.

x2

[ExtraSlow]

Did you hear about this in one of those paid programs on QR77?

[roopi]

This is a terrible idea. I'd love to see someone try and sell a diamond at it's appraised value. It's nearly impossible.

You buy bullion at a premium but can always sell it at spot. You buy diamonds at a discount to 'appraised value' and sell them at a larger discount.

The only way I can see diamonds bing an investment is if it is an extremely rare/large stone.

[Zewind]

Originally posted by cancer man
I took Zenops advice and lost in nickel,Gold ok and Silver best bang for the buck.
Diamonds and what do you guys think?Here is my e-mail.

Get of the mineral market

[davidI]

1. Buy Diamonds in Dubai
2. Swallow
3. Eat lots of Cheese
4. Return to Canada
5. Sell to some poor engaged schmuck
6. ????
7. Profit.

[TomK]

Originally posted by roopi
The only way I can see diamonds bing an investment is if it is an extremely rare/large stone. [/B]

This.

People think that because the Elizabeth Taylor diamond is worth X, that their diamond that is worth the same per carat price. But diamonds aren't gold or oil.

See the atlantic article called "Ever try to sell a diamond?" for more info.

[Sugarphreak]

...

[ZenOps]

Worst investment ever. They can grow diamond the size of peas nowadays. I liken it to pearls. The used to be expensive before they started culturing (mass manufacturing) them.

I'd pay $150 per tonne for diamonds.

You can't grow metals, unless you master fusion technology.

BTW: How did you "lose" in nickel? Did you buy a contract on the London Metal exchange? There is a built in floor with nickel coinage in Canada, it can never go below what you paid for the coin (be it a nickel nickel or a nickel toonie) And its not like you can buy nickel bullion bars anywhere.

I'm seriously looking at natural gas contracts, they are at decade lows because of the warm North American winter.

[jdmXSI]

Originally posted by davidI
1. Buy Diamonds in Dubai
2. Swallow
3. Eat lots of Cheese
4. Return to Canada
5. ????
6. Sell to some poor engaged schmuck
7. Profit.

Fixed

[cancer man]

Originally posted by ZenOps
Worst investment ever. They can grow diamond the size of peas nowadays. I liken it to pearls. The used to be expensive before they started culturing (mass manufacturing) them.

I'd pay $150 per tonne for diamonds.

You can't grow metals, unless you master fusion technology.

BTW: How did you "lose" in nickel? Did you buy a contract on the London Metal exchange? There is a built in floor with nickel coinage in Canada, it can never go below what you paid for the coin (be it a nickel nickel or a nickel toonie) And its not like you can buy nickel bullion bars anywhere.

I'm seriously looking at natural gas contracts, they are at decade lows because of the warm North American winter.

Bought on the LME i believe July 2011 approx 20 thou a ton now it's at
17500 unless US goes to war nickel is at max.I'am hedging my bet if Obama goes to war in October i dhould break even or make some cash.

Everybody buy natural gas now.Yee Haw.

[BigMass]

Gold = Gold
Silver = Silver
Platinum = Platinum
Diamond = Carbon

Terrible investment.

[davidI]

That's a good point BigMass. They're making a lot of progress on artificial diamonds for industrial purposes as well. I believe they're still struggling to scale up the size of artificial diamonds for jewlery, though.

[ZenOps]

Metals do tend to be longer term investments.

Gold especially, if you plan on investing for a century (for the grandkids) go for gold. Silver and Nickel are more decade long investments.

If you are hoarding physical copper and nickel, the last pennies and the end of the Canadian nickel dollar coins - its definitely more of a decade or two at least type of investment. It will take at least a couple years, and you will have a couple of years to slowly physically accumulate the last of them.

Canada is the one place on earth you can invest in pure physical nickel with zero downside (other than missing out on interest). France is ok, and surprisingly - very specific parts of India that made the 11-sided 2 rupee.

If you want to make a quick buck, maybe short apple (if you can time it right)

[Supa Dexta]

They've got them a lot bigger than pea's

http://www.wired.com/wired/archive/11.09/diamond.html

For years now, wonder why you never hear of them????

[Type_S1]

Originally posted by ZenOps
I'm seriously looking at natural gas contracts, they are at decade lows because of the warm North American winter.

Stick to your metals, NG will be in the tank for a long time to come...basic Supply/Demand.

[ZenOps]

Yeah, I still prefer metals.

The warmest March in US history has absolutely crapped on demand. I can't help but think that there may be many more record breaking hot winters to come, which will also destroy demand.

If demand ever got high, the US would probably frack like crazy - putting a cap on maximum price.

[CapnCrunch]

Originally posted by Type_S1


Stick to your metals, NG will be in the tank for a long time to come...basic Supply/Demand.

Long term it will rebound. Nothing wrong with 5-10 years of market bottom cost averaging.

[OU812]

Originally posted by Supa Dexta
They've got them a lot bigger than pea's

http://www.wired.com/wired/archive/11.09/diamond.html

For years now, wonder why you never hear of them????

Great read