If regulators approve the products, diamonds could soon become commoditized in a similar vein to gold, silver, and other precious metals. Transforming the status of diamonds to a commodity would be the result of the introduction of exchange traded funds based on the obscure market. An ETF could be a diamonds’ best friend or worst enemy, depending on your perspective of the situation.
The current diamond market has been the focus of countless investors and is always on the mind of commodity traders worldwide. According to Edahn Golan, a financial expert who was recently featured in a New York Times article, diamond is the last un-commoditized commodity and is drawing the interest of countless organizations. But, as with any natural resource or commodity, diamonds come with their own set of “problems.”
Diamonds, unlike gold or silver, have a variety of characteristics that span beyond simple karats. The worth of a diamond is evaluated by size, quality, clarity, and color, in addition to karats. Additionally, De Beers controls approximately 40 percent of the diamond market, making uniformed diamond pricing difficult. Several firms worldwide have attempted to develop standardized pricing indexes for diamond pricing, but only time will tell if these pricing indexes actually catch on in the industry.
Although countless financial advisors are advising caution in regards to diamond ETF, if a ETF does occur, diamonds could be the new gold. Diamonds, similar to gold, are alluring in nature, because they are easily authenticated and identified and are long lasting. If diamonds do in fact become a commodity, thousands of individuals who have invested in diamonds will experience quite the pay-out.
If you’re invested in diamonds but aren’t interested in waiting for the day to come when diamonds are a registered commodity, you can sell your diamonds to Diamonds USA. Regardless of the current diamond market, Diamonds USA will pay you the highest amount possible for your diamonds, guaranteed.
Diamonds USA offers up to three times the amount as competitors and even offers a satisfaction guarantee. If you aren’t completely satisfied with the amount of money printed on your check, you can return the check to us within ten days, and we’ll send your diamonds right back. The process is quick, easy, and extremely convenient. All you have to do is request a shipping label, send us your items, and wait for your check. Don’t waste any more time waiting around for the current diamond market to improve or change. Get what you deserve RIGHT NOW, by sending your diamonds to us today!
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