I’m reasonably sure you have heard the phrase ‘Diamonds are a girl’s best friend’. Would you agree they are?
Giving you a background about the phrase above, it is the title of a Jazz song famously performed by Marilyn Monroe in the 1953 film Gentlemen Prefer Blondes.
Marilyn Monroe or the crew of the movie may not have imagined that the title of the song will become a metaphor! While women (and men) would love to own diamonds for the glamour associated with it, no one can deny that they are an excellent investment!
Diamonds are a smart way to invest safely, and they are crisis-proof. So, let me reinforce Diamonds are a girl’s best friend because they make women (and men) financially secure.
This post is an effort to demystify some of the popular myths in educating and helping you invest smartly.
Myth #1: Diamonds are indestructible. Diamonds are known to be the hardest and toughest materials on earth.
Truth: It is a common misconception that they are indestructible. The fact is that diamonds can be scratched, chipped, and even broken if they are not handled with care. A simple way to avoid diamond from scratching is proper storage.
Myth #2: Super deluxe diamonds are best.
Truth: No one knows what a super deluxe diamond is! It’s a term that is irrelevant and makes no sense. A good jeweller will provide the 4Cs of a diamond, a globally accepted standard for describing or grading diamonds: Colour, Clarity, Cut and Carat Weight.
The Diamond 4Cs means two things: diamond quality is communicated in a universally accepted standard, and a customer will know what exactly they are paying for.
Myth #3: Diamonds don’t have a resale value.
Truth: It may have been true in the past. Today, every jeweller who sells you diamonds offers a buyback in exchange or cashback. And it would be best if you dealt with the same jeweller for this. You will need the invoice and their certificates, so make sure you keep them safe.
Armed with the information above, you are better equipped to purchase diamonds with confidence.