The general rule about investing in diamonds is that you cannot judge the book by its covers, according to a diamond expert, Koby Kamhaji. It is unwise to simply judge the value of a diamond simply by how it looks. There are many factors that determine the price or value of this precious gem stone as an investment. Koby Kamhaji, a renowned expert in this particular field of study, gives some tips before purchasing diamond so investors don’t end up losing their money in the long run.
One of the most reputable and trusted certification for diamonds is issued by GIA (Gemological Institute of America). It is a non-profit institute founded in 1931 with the main mission is to protect both buyer and seller of gemstones by setting standards for gemstones quality. Before purchasing a diamond, always ask the seller for GIA certificate; Koby Kamhaji stated that there are other similar organizations as well, but GIA is the most trusted. The certification grants you the right to change or get your money back in case the actual quality is different from one indicated in the certification. In other words, GIA certification protects your money.
2. Diamonds are not gold
What Koby Kamhaji means by this is that diamonds are entirely different from gold. The color, weight, and purity are not the only things used for determining the value. Other important features of diamonds are clarity, shape, polish, symmetry, cut, and more. The bad news is that all factors have to be perfect, so one incorrect feature will ruin the investment. It is best to consult expert before purchasing and have all features in any diamond elaborated clearly to you in order to make the right decision.
3. Get help from expert
Unlike gold which only has few things to determine quality and value, diamonds have plenty of factors to put into account. Purchasing a diamond without consulting an expert is not recommended. Your best bet is to ask a professional to accompany you when purchasing, but you may not be so lucky that an expert will always be there for you. The next best thing to do is to consult an expert about everything related to the gemstone. Koby Kamhaji recommends you to ask as many questions as you can before making any decision.
4. Diamond professionals
The seller or the company that sells you the diamonds does not always have the professional to clarify the quality of this gemstone. You must be sure that the professional is the one who actually understands the issue just like a professional doctor who understands diseases and treatments. If you are not sure, Koby Kamhaji suggested that you do some research to find qualified professional to check the gemstone with the proper tool (usually professional diamond microscope).