The secret known by many wealthy investors is that Diamonds are the most portable form of wealth in the world. Jacques Voorhees, known as the Father of online Diamond Trading, explains why Diamonds provide investors with the highest concentrated form of wealth when it’s critical to move quickly.
If we do simple math, the following chart shows the current value of the leading Hard Assets and copper. I included copper because it has also been used as money and currency in the past. As you can see, one troy ounce of diamonds is worth $1.4 million compared to $1,850 for gold, $24 for silver, and 26 cents for copper. Diamonds are 750 times more condensed hard asset than gold. As you can see, an investor would have to carry 750 ounces of gold or nearly two metric tons of silver to equal the same amount in one ounce of high-quality diamonds. I am not even going to calculate copper… LOL.
There are more than 141 carats of diamonds weighing one ounce. Based upon the current average market price of a (1) carat diamond at $10,000, that equals $1.4 million. That $10,000 price is based upon the high-quality triple-X rated diamonds that make up only 2% of the total diamond market. The Triple-X-rated diamonds are where the wise professional investors put their money. So, it is no coincidence that for thousands of years, investors have used diamonds as a more portable store of concentrated wealth.
Unfortunately, many precious metals investors continue to harbor negative opinions of the diamond market. I know; I read the comments. However, those who spend some time reading up on the professional diamond market, driven by the Triple-X-Rated Diamonds, using Cloud Hard Assets, will find another excellent Hard Asset to consider investing. Jacques Voorhees is trying to provide a marketplace for diamonds that lowers the typical high BID-ASK Spread to a much lower and more competitive level.
Interestingly, Diamond prices have been trending along with precious metals prices. Take a look at the following chart:
While Diamond Investing is not for everyone, those interested in diversifying and owning a more portable condensed hard asset should consider investing in high-quality diamonds.
With 48% of global diamond sales in the United States, I see more investors moving into diamonds to protect wealth. With Icecap.diamonds, it allows a much more efficient way to buy and sell diamonds with much lower margins.
If you want to learn more about diamond investing, you can call up Tom Cloud at (912) 771-9353. You can also contact Tom by email: email@example.com.
DISCLAIMER: SRSrocco Report provides intelligent, well-researched information to those with interest in the economy and investing. Neither SRSrocco Report nor any of its owners, officers, directors, employees, subsidiaries, affiliates, licensors, service and content providers, producers or agents provide financial advisement services. Neither do we work miracles. We provide our content and opinions to readers only so that they may make informed investment decisions. Under no circumstances should you interpret opinions which SRSrocco Report or Steve St. Angelo offers on this or any other website as financial advice.
Check back for new articles and updates at the SRSrocco Report. You can also follow us on Twitter and Youtube below:
My best guess is when the shit hits the fan, silver and small-demoniation (1 ounce or less) sovereign gold coins will be far more liquid than diamonds.
And, I have a relationship with a local coin and metal dealer that I can deal with in cash, trade, buy, or sell.
He doesn’t have anything to do with gemstones.
I also have a relationship with a renowned jeweler (since the 1970’s). He only buys and sells diamonds with GIA certificates. He’s been going to and buying diamonds in NYC for 50+ years. He has no interest in this (I had asked in the past).
I see investment diamonds as a possible fit for people whose investible net worth exceeds 10 million dollars.
In rotten times I wonder how much of a market there will be for gemstones of any type.
There might be a robust market for top-quality industrial diamonds.
I agree with you 100%. I’m not sure why diamonds even come as a store of wealth? Maybe the Hope diamond or extremely rare special diamonds. Go try to sell one anywhere compared to what you paid.
Working within this system, the buy/sell spread is small…even if you sell the next week.
Still,in extremely challenging times there is a small network you can do this with.
I’m aware the Jewish people fleeing Nazi Germany carried diamonds to the port-of-entry, NYC, and started it as a diamond center. Sewn into clothing, it sustained their ability to support themselves after having to walk away from what they had to leave behind when fleeing.
But that’s historical, and the next few years isn’t.
Diamonds do not fit one of the key attributes of money, namely fungibility. Silver and gold are recognizable and interchangeable, diamonds are NOT. Add to this how many people
can accurately assay their value? I would think diamonds would crash in value during
a currency collapse scenario.
He beat me to the punch about the 50% “commission” you pay when you buy a diamond and then try to sell it.
Can it be detected at the airport scanners?
What about synthetic diamonds? Flawless cut, no inclusions, no discoloration, and what size? Comparable prices vs cost of manufactuing?
The problem is having to know what you’re looking at, a lot more experience needed than a gold maple leaf where you can be pretty certain of what you have if you buy from a reputable dealer.
Just a random, arbitrary, “recommendation” might be to have maybe 10% max of your precious metals stash in diamonds, especially if you are thinking about trying to leave the country. I would not risk going through an airport carrying Ag or Au.
Out of curiosity, would just swallowing them be the best way to transport them, after first undergoing a bowel prep?
According to my jeweler friend, lab-grown flawless diamonds can be made and sold at a much lower price per carat than natural diamonds. But discriminating investors don’t want synthetic diamonds.
He has high-magnification equipment and said if he looks long enough at a top-rated natural diamond he can usually spot a minute flaw or inclusion, demonstrating it is natural.
But he’s a jeweler; his customers are not interested in paying for diamonds that look flawless under high magnification.
Best way is just to hang it around the neck or finger
synthetic diamonds could presumably solve the ‘divisibility’ and ‘fungibility’ issues where 1 unit could be the same another unit. As far as transport across the checkpoint goes, that’s a potential argument for cryptocurrency.
Diamonds might be a concentrated and portable form of wealth in our modern globalistic economy they are not a good store of energy value.
A good form of money must be: durable, divisible, consistent, convenient, and have value in and of itself based on it’s relative scarcity. Diamonds fail on a number of counts. Diamonds are easily destroyed by direct heat, they are not consistent, they are not divisible and, contrary to modern marketing, they are not that rare, even less so now that they are manmade.
In a SGTF situation, it could be argued that cigarettes are a better form of money, They are relatively durable (but are destroyed by direct heat), they are consistent, they are divisible (carton, pack or singles) and during SHTF they are relatively rare. They were used as money in WWII and in most prison up until smoking was eliminated.
For an enduring store of energy value stick to silver and gold.
definitely not divisible. another property of money would be ‘recognizability’ which most of us probably recognize G and S and it can be weighed on the spot. But how do you spot a fake diamond easily? How about liquidity? where do you go to trade diamonds for the coin of the realm or for large purchases like land? I assume they consider lab-created diamonds less valuable somehow, so now we have to depend upon numismatic value. Do diamond investors care about the Blood diamond issue?
This is highly misleading. I enjoy diamonds, and gemstones in general. However, to say, a 1 ct diamond is $10.000 is like saying the same of a car. What kind of diamond? Cut? Clarity? Color? A 1 ct diamond can be had for under $5.000 (and probably even less) if it is of sufficently mediocre quality. Likewise, a top of the pops solitaire can cost $30.000 or more. Moreover, diamonds are not traded. They are sold. If you are not a dealer, you will have great difficulty selling your diamond at an even halfway reasonable price. Therefor, buy diamonds for enjoyment. For security, buy gold and silver.