Despite its popularity, Gemological Institute of America diamond expert Devi Cahyadi said investing in diamonds is not a good idea.                                                

Devi said, as reported by Kompas.com, that the diamond price is relatively stable, making it a less valuable asset when compared to gold.

She added that the gemstone’s steady price made it a low value and low-risk investment.

Although investing in diamonds was not recommended, Devi mentioned that the gemstone had a heritage value that could be passed from generation to generation.

Read also: In US, diamonds are a millennial's best friend

“[Most people] choose diamonds to [celebrate birthdays], weddings or engagements, hence, there is [a treasured] memory,” said Devi.

Additionally, diamonds also have a portable wealth value, as it can be used to show the owner’s social status.

Those wanting to purchase diamonds are suggested to learn about the 4Cs classification: cut clarity, carat and color. She also suggested checking the market price prior to purchasing the gemstone.

Devi warned that there are man-made diamonds that look similar to real diamonds. She recommended buyers to get diamonds from trusted sellers with valid certificates. (jes/asw)

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