Know you what Ed? You don't know who I buy my jewelry from. I started buying gold in Dubai, UAE when I was over there during the first gulf war in 1990. I think I bought about $10k. Since then I have been in Saudi Arabia and Bahrian. Have you got any idea how much gold has gone up since then? You buy gold jewelry by weight in the Middle East (it is all gold no gems). The gold is 22 karat in Dubai and 18 karat every where else. You will never find 22 K gold in this country unless you relay look. The "jewelry" value has nothing to do with the price. You bargain with the seller on the price based on weight only. The first thing you ask over there is how much. Then you ask how much does it weigh. Then you take out the calculator and figure out the price per gram/once. Then you bargain. You don't buy anything for the first few days. You do the bargaining routine to find out the bottom price.Ed in Tampa wrote:Keep telling yourself that! Great investment for the diamond dealer!jsburger wrote:
I understand what a diamond is. I have bought thousands and thousands of dollars worth of diamonds for my wife. A good investment.
But since the value of a diamond is in the eyes of the seller you may have a valuable diamonds or you may have cheap diamonds that cost you a fortune.
One thing sure is unless you are a diamond broker you will pay many times over actual broker costs for a diamond. Guaranteed!
I have only one jeweler. He buys estates. I only buy from him. All I buy is antique gems. He provides appraisals. What I buy is old diamonds and Sapphire's and an occasional Ruby. These items are about %50 on the dollar of the appraised value.
