According to a recent report, diamonds have outperformed both the S&P 500 and gold over the past decade. In fact, the report found that diamond prices have increased by an average of 8.5% per year since 2010, while the S&P 500 has only increased by an average of 7.5% per year and gold has increased by an average of 4.5% per year.
So why are diamonds a better investment than gold or the S&P 500? Here are a few reasons:
Rarity: There is a limited supply of diamonds, making them more rare and valuable than gold or other precious metals. This means that as demand for diamonds increases, so does the price.
Durability: Diamonds are known for their durability and resistance to wear and tear, making them a long-term investment that will hold their value over time. Versatility: Diamonds can be used in a variety of ways, including as jewellery or as an industrial material. This versatility adds to their value as an investment.
Consistency: While the value of gold and the S&P 500 can fluctuate significantly, diamond prices have remained relatively consistent over time. This makes them a stable investment option.
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