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View Diary: this is just too delicious to let slip by unnoticed! (87 comments)

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  •  Anything that's remotely considered a collectible (5+ / 0-)

    should not be bought as an investment.

    Even if it's got gold and jewels on it, the only real value is whatever the gold and jewels can be sold for, and that's variable. The 'investment' value of it as a collectible it totally up for grabs.

    Unless it's something that's museum quality, many years old, or you just get lucky, it's highly unlikely you'll ever get even what you paid for it.

    Think dolls, plates, coins, stamps, beanie babies...

    Yes, in the case of toys or comic books, if you hang on to them for 50+ yrs and they were thought of as disposable and for some reason they become highly collectible, you might get lucky.

    But that's a rare case. And since everybody seems to hang on to everything nowadays because they're sure it's worth a fortune, less likely every day.

    •  Well, we turned some of my (now) wife's (1+ / 0-)
      Recommended by:

      jewelry into trade value for my wedding ring at the jeweler, so it was an acceptable investment for her.  She just wasn't aware when she purchased the items years ago just what they would be turned into.

    •  and, if someone decides to "pawn" that diamond (3+ / 0-)
      Recommended by:
      dirtfarmer, peregrine kate, BusyinCA

      ring - it is pawned for the gold weight (plus the "weight" of the stone, not the quality)  pennies on the dollar!

      when buying investment diamonds (or ANY diamonds, for that matter, that cost over $3-5k), do NOT buy a "set" stone - the prongs can hide flaws that render the stone a fraction of what the price really is.  buy loose from reputable stone dealers - then have it set.

      and, the other "gimmick" with diamonds is the collective karat weight of a piece of jewelry.  1 karat of individual 3pt diamonds are NOT the same value as a 1 karat single stone  4 stones of .25 karats is a fraction of worth of two 1/2 karat stones.

      and, as for beanie babies - i remember the frenzy - had the ability to buy wholesale for resale - but chose to let my pup have that $300  "princess" baby instead.  i couldn't see ripping off a young person for a cheap toy with a tag.

      real investment stones (like alexandrite - natural - and the tanzanite sold before the government took control of all the mines - very dark purple) are kept by the stone wholesalers for themselves.  it is "money in the bank" for them as the stones are so rare and there aren't more readily available.  that is what gives diamonds their value - really good ones are very very rare.

      one more tip to watch for with unscrupulous dealers - any "jeweler" that tells you the "colored" diamonds have a grade of "D, E or F" are scamming you.  colors in diamonds render their grading as "fancy" - not a letter grade.

      and, many colored diamonds have been treated (irradiated) to change the color refraction.  

      again, know who you are dealing with - get real certification from the GIA (gemological institute of america).  bottom line, as in politics, be an educated "consumer".

      EdriesShop coupon code for february is FEBRUARYBLOWOUT. More to come in the next few days! - Is GlowNZ back yet?

      by edrie on Thu Feb 23, 2012 at 01:26:42 PM PST

      [ Parent ]

      •  rec'd for Alexandrite, a marvelous gem, my fav (2+ / 0-)
        Recommended by:
        edrie, ER Doc

        right up there with opal.

        Any thoughts on the availability of synthetic diamonds affecting price? I recall hearing a few year ago that someone had a process to make synthetic diamonds, but they were almost always colored (fancy, although perfect otherwise). Great for industrial uses, but not so much investment.

        "I don't need a script to tell the truth" Ed Schultz, Feb. 4 2010

        by BusyinCA on Thu Feb 23, 2012 at 07:57:22 PM PST

        [ Parent ]

        •  opal is my birthstone - i love it as much as (1+ / 0-)
          Recommended by:
          ER Doc

          i love jade.  jade (specifically jadite) becomes more translucent the more you wear it - and it has the incredible depth that opals have, only the same color.

          alexandrite (the real ones, not cultured) go from blood red to deep green according to how the light hits the stone.  the same with tanzanite - the good ones are deep purple to blue to reddish in color.

          i love stones - even fluorite, although it is so fragile and will shatter if you drop it.  fluorite has fascinating properties in that the colors change due to who is holding the stones.  some people will cause the stones to radiate more purple, yet when they hand the same stone to another, it may change to green or blue or even clear!  (the electricity emanating from each individual varies and affects the soft crystals to bring out different colors).

          yep - stones - nature's beauty!  and, for the person (me) who used to think diamonds were "cold" until i saw the searing hot light of the star of africa (in the queen's sceptre),  now i understand that every stone has it's own beauty and radiance - just like pets and people, yes?

          EdriesShop coupon code for february is FEBRUARYBLOWOUT. More to come in the next few days! - Is GlowNZ back yet?

          by edrie on Thu Feb 23, 2012 at 08:53:09 PM PST

          [ Parent ]

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