Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Do precious gems maintain their value?
lets say I bought a $5000 gem, and some day Had to turn it back into cash, Would Ilikely get all my investment back?
4 Answers
- Anonymous3 months ago
Wrong. Category
- ?Lv 44 months ago
Depends on the gem, I:E: synthetic diamond production has recently become very good, so good that man made ones are actually better quality than natural ones
- Anonymous4 months ago
I bought a 3ct red beryl stone for $10,000 thinking that. I had it appraised immediately and they gave me a number within the same ballpark, actually a bit higher $10,250 I think. A couple of years later I tried selling it to a couple of places just to speculate because I wasn't desperate or pressed or anything and I've gotten low balled BIG time. I got an offer for $7,450 from one buyer. Another one offered me around $8,350. It's all because let's say that the appraisal was correct, if you're a jeweler you know that price is what you're going to be able to charge and thus you need to make a profit SO they will try to lowball as much as they can to get the best possible profit margin in return. at least that's the vibe I got. at the end of it all, I was left with a shiny red stone that I keep stored inside a bank vault. who knows if I'll ever be able to get rid of it but I personally wouldn't recommend. that $10,000 would've been better off invested in stocks or bonds or something else.
- Anonymous4 months ago
They do, they always have but, it's a big target for fraud because not everybody can tell. Be careful.