Although gold Holds strength in terms of hedging from inflation And the general value, diamonds can often have a higher resale price, but this Metal It is not a very liquid asset like gold, according to Hamoudi, who explained that gold is classified as a classic metal while diamonds are classified as elite, as both are known as a symbol of wealth. and boom In many countries and cultures.
Given that both gold and diamonds hold such a special place in many cultures, how does one decide which one is the right investment choice?
The economist Hamoudi answers this question, saying: "in discussion investment In diamonds versus gold, the latter always takes the lead, as some people think that diamonds do not maintain their market value, but in fact, the Diamond stones It has value when reset saleThis value is governed by market fluctuations and demand consumerIn general, diamond prices usually increase over time, but there are other factors that also affect its price market Namely, the clarity of the stone, the way it was cut, the carat, the color in addition to the diamond certificate (reliability), and the demand for diamonds Diamond stone In the market, these factors determine the resale value of diamonds because unlike gold, there is no immediate market price for it".
In response to a question regarding the extent to which diamond trading has been affected in light of the current economic crises, Hammoudi said: "The diamond trade was affected during the crisis (COVID-19) as the precious metal faced weak demand due to the closures minesHowever, with regard to the current crises, they did not significantly affect demand, and it is expected that demand will recover jewelry More diamonds in 2023 as China leads the way in diamond demand following abandoning zero Covid policy".
For his part, economic expert Hussein Al-Qamzi says in his interview with MEE "Sky News Arabia economy": "Gold bars in particular (not worked gold) issued and certified by specialized institutions are what we currently consider a safe haven, because they come with standard weights and degrees of purity, and this is very difficult in the case of diamonds, which differ according to the grain, method of cutting, clarity, color and carat, which makes buying and selling it in general more difficult for investors".
Al-Qamzi explains that natural diamond It is not sold in the form of standard pieces such as ingots, so it is confined to the manufactured jewelry market or one of its stages, but it is noted that the diamonds manufactured in the laboratories began to spread in a way that threatened the diamonds extracted from the mines and their future value.
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However, Hammoudi denied, in his interview with the “Sky News Arabia Economy” website, what many people think that diamond It is a luxury product that is forbidden to be approached in times of economic crisis and inflation As a mere gem of no value when replayed sale Not at all, pointing out that diamonds also have a strong ability to hold value, but only in the long term.
Although gold Holds strength in terms of hedging from inflation And the general value, diamonds can often have a higher resale price, but this Metal It is not a very liquid asset like gold, according to Hamoudi, who explained that gold is classified as a classic metal while diamonds are classified as elite, as both are known as a symbol of wealth. and boom In many countries and cultures.
Given that both gold and diamonds hold such a special place in many cultures, how does one decide which one is the right investment choice?
Economist Hammoudi answers this question, saying: “In a discussion investment In diamonds versus gold, the latter always takes the lead, as some people think that diamonds do not maintain their market value, but in fact, the Diamond stones It has value when reset saleThis value is governed by market fluctuations and demand consumerIn general, diamond prices usually increase over time, but there are other factors that also affect its price market Namely, the clarity of the stone, the way it was cut, the carat, the color in addition to the diamond certificate (reliability), and the demand for diamonds Diamond stone In the market, these factors determine the resale value of diamonds because unlike gold, there is no immediate market price for it.
In response to a question regarding the extent to which the movement of diamond trading was affected in light of the current economic crises, Hamoudi said: “The movement of diamond trade was affected during the crisis (COVID-19) as the precious metal faced weak demand due to the closures minesHowever, with regard to the current crises, they did not significantly affect demand, and it is expected that demand will recover jewelry More diamonds in 2023, as China leads the way in diamond demand following abandoning its zero Covid policy.
For his part, the economic expert, Hussein Al-Qamzi, said in his interview with the “Sky News Arabia Economy” website: “The gold bullion in particular (not worked gold) issued and certified by specialized institutions is what we currently consider a safe haven, because it comes with standard weights and degrees of purity, and that is very difficult in The state of diamonds, which differs according to the grain, method of cutting, clarity, color and carat, which makes buying and selling them in general more difficult for investors.
Al-Qamzi explains that natural diamond It is not sold in the form of standard pieces such as ingots, so it is confined to the manufactured jewelry market or one of its stages, but it is noted that the diamonds manufactured in the laboratories began to spread in a way that threatened the diamonds extracted from the mines and their future value.
