Indians do love diamonds and gold equally when they have to beautify their exterior, but when it comes to investment, the equation changes. Both diamond and gold have a rich history and being useful to mankind for years.
While comparing them as an investment entity, there are numbers of things to consider here-
Gold has stood testing times for ages and still continues to make for an apt investment today. The same, though can not be said about diamonds, which have been artificially marketed, and advertised to attract people into believing that they are a decent investment instrument. On the other hand, obtaining desired cash for diamonds or selling gold for cash depends on finding a reliable buyer of gold.
The value of gold is not just limited to being a precious metal, but its part of Indian culture as well. As a metal that outdoes internal values and investment opportunities, gold would only be the sole item that penetrates every strata and class of our society. It is equally sought by a wealthy businessman as well as a general-waged individual. It has an impact on our religion, culture, and day-to-day lives in multiple ways, which may explain best why India is the topmost consumer and importer of gold in the world. A study reveals that India purchases 25% of the entire gold present in the world. The consumption amount is 6X more than what the United States consumes.
In a normal sense, a diamond is not considered an investment tool. You can understand this as you buy a car for its uses and consumption value, an individual should purchase a diamond for its visual appeal and aesthetic features. You are possibly not making a wise decision if you are purchasing them for investment purposes. But, if you have any diamond necklace or such ornament, you can sell them at a good price with a trusted and reputed diamond buyer. This amount can be hefty and put for investment also.
To understand which is a better investment- gold or diamond, then digging the recent history will also bring some valuable information. For instance, gold appreciated 501% between 2001 and 2012 which comes out with an annual return of approx 18%, none of the metal or gemstone may provide such a huge turn.
Gold is a brilliant hedge against political, economic, and currency crises, and overall market demur.
When markets go into recession, gold is sold to counterbalance losses. This fact makes gold the most desired precious metal that is next to impossible to be synthetically produced, unlike a diamond. When you buy or sell gold in the open market, there is transparency. On the other hand, the pricing history of the diamond can only be explained as gloomy at best. Also, investing in gold can be a good decision as the gold market is normally fairly liquid. More imperatively, though, the fact remains that gold is exchangeable and that is a large gold item that can be traded for a hundred small ones like you can do it with a five hundred rupee note for a hundred five rupee notes. These attributes make it a viable potential investment.
On the other hand, the value of diamond depreciates over time and its not fungible as well. This is because diamonds have varying grades, colors, cuts, and sizes. As such these characteristics make it tough to find the same diamond.
Whether you want to sell gold or looking for a diamonds buyer , 24Karat would be an ideal place to visit. We buy all sorts of precious metals and gemstones at the best existing available market price. We have adopted worldly technology for evaluating the metal and gemstone and keep our processes transparent. We have trained and experienced professionals who have years of industry experience in gold evaluation and also provide a proper training to our staffs so that customers find true value at our all branches across Delhi NCR.