Will Diamonds Lose Value in 2020?

Getting a piece of diamond jewelry can be a little daunting, primarily because of its price. With that in mind, should you get a diamond ring, necklace, or a pair of earrings? Is it a good investment, even in 2020?

A Diamond’s Value

Diamonds are one of the world’s most precious stones–and not just because they are sparkly and beautiful. Diamonds are the most durable stone. That’s why it’s no surprise that they are often made into pieces of jewelry and that the price is rather high.

However, is it worth it? Although diamonds are durable and can retain its beauty for a long time, will it also keep their value, especially in this new decade?

When we look at the history of diamonds and their value, it can be deduced that the price of diamonds has dramatically fluctuated over the years. After all, it’s based on the economy as well as supply and demand.

The world had seen several times when the economy was down, and it affects the price of everything–including Vancouver diamonds and perhaps every other diamond and stone in the world. Additionally, the supply is higher now than before. Still, the demand seems to remain high as well.

But, even when the price has fluctuated, a diamond’s value has practically remained the same. So, with that said, getting a diamond ring still remains an excellent investment.

Of course, how you take care of it can also tell its value in the future. Just remember that a diamond without or with less damage tends to have a higher value compared to damaged ones.

How to Choose a Diamond Jewelry

If you want to ensure that the value of your diamond is high, you need to invest in a diamond with excellent quality. That usually means how clear it is (transparent diamonds are often seen with the highest quality) as well as its cut.

Visit local jewelers and check out what they offer. Vancouver is a great place to look around for diamond jewelry, so you will definitely find one that you like.

Additionally, where you buy the diamonds and how you get them can actually be a huge factor in whether its value will appreciate or depreciate over time. For example, lab-grown diamonds don’t usually retain their value. However, natural diamonds do.

With that in mind, it’s best to talk to your jewelers and see whether the diamonds are synthetic or are natural. It’s always best if you go for the latter.

Conclusion

If you’re thinking of getting a diamond ring, necklace, or earrings as an investment, you’re on the right track. This year and probably the next ones, diamonds will still retain their value in the market.