2023-10-28 08:21:26
Always pay attention to the “four Cs”: The “Le Grand Mazarin” diamond meets high standards. Image: Picture Alliance
Small, light, indestructible, expensive: real diamonds are ideal stores of value. Nevertheless, they are only partially suitable as an investment. What should investors pay attention to and what are the differences compared to gold?
When the French Emperor Napoleon had to flee the battlefield at Waterloo after his final defeat, his pursuers stole, among other things, his legendary military coat. They found diamonds cleverly sewn into its lining, which were even more valuable than the imperial textile. Thanks to his diamond-studded clothing, the Emperor was able to keep at least some of his wealth close to him. If he had carried the same value in gold coins, he would literally have had a much harder time. The anecdote illustrates how convenient diamonds are to transport – not only for the rightful owner, but also for thieves and robbers.
Mobility is a striking feature of diamonds compared to gold, which is also popular as a store of value, because coins or bars made of fine gold are significantly heavier than diamonds of a comparable value. But gold has other trump cards that diamonds cannot offer. Above all, investment coins and bars are much easier to trade and break down. How do diamonds differ from gold for investment purposes, and what should investors pay attention to?
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