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Max Aria on the Risks and Rewards of the Diamond Trade

Monday, June 22, 2020 3:27

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Max Aria on the Risks and Rewards of the Diamond Trade

Diamonds are a unique commodity in that they are protected from risk factors which regularly affect other investments like stocks or Real Estate. Given their history and the global demand, the trade for this gemstone has become increasingly popular.

Max Aria, a successful businessman based in San Diego, California, built his career on the diamond trade. While completing his studies in law and economics at university in Australia, Aria worked for a gold and diamond wholesaler. Within a year, he was able to buy out the owners and catapult the company forward. His new vision? A strict focus on diamonds. He then went on to found Australia’s first specialized engagement ring company, again focusing on diamonds.

A Sound Investment

For Aria, trading in diamonds is both complex and rewarding. As an asset sheltered from inflation, market volatility, and currency reform, it presents investors with a unique and secure investment. Generally, he points out, most diamonds (particularly of a half carat or more) appreciate in value over time in line with inflation. Quality diamonds of a larger size also tend to appreciate faster. Unlike market investments, diamonds are unregistered and so their owners pay no taxes on the gains from the investment. Similarly, they are usually not accounted for in cases of bankruptcy. Thus, for investors looking for a unique, secure way of putting aside funds, diamonds can be an excellent choice.

The physicality of a diamond is reassuring for many investors, explains Aria. There is a psychology to owning a diamond over something intangible like a stock represented by numbers in a bank. You can hold the diamond—even wear it in jewelry. Interestingly, a diamond is one of the few items that can be easily transported and used interchangeably with currency anywhere in the world. For some, this offers an added layer of security, particularly in times of turmoil.

Potential Risk Factors

Of course, the diamond trade comes with risks of its own. Fraud can be a concern in any situation where you are dealing with a physical item. Aria suggests knowing the basics of identifying quality diamonds or enlisting a professional to assist. This can protect investors from paying increased prices for inferior products whether you are purchasing raw, polished, cut, or uncut gems.

Like many valuable commodities, diamonds have attracted groups of buyers who prefer to purchase together or invest in diamonds like they do in stocks. Therefore, diamond indexes have emerged in recent years. While they are a viable option for some investors, Aria warns that the indexes do not offer the same characteristics as an investment in the objects themselves. He advises anyone interested in the diamond trade to educate themselves on the types of investments available within this market, be conscious of their needs, and act accordingly. As with any investments, Aria also suggests diversifying your portfolio to protect against inherent risks and bolster opportunity for gains. This also applies to the physical objects. Invest in a variety of sizes, cuts, and clarities to ensure you are securely positioned to benefit.

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