Do Diamonds depreciate?

Topic: Other

Q

my husband and i were wondering if diamonds hold their value or do they start to depreciate once they've left the jewelers? similar to they way a car loses value after driving off the lot, does this apply to diamonds as well? thanks for your time.
kathy

A

Hi Kathy,
Great question! Commercial grade diamonds depreciate the second you walk out the store. Their average secondary market value is 19.7% of the original price paid. Now commercial grade diamonds cut from full term rough (not irregulars) holds or appreciates in value an average of 6 ¼ to 8 ¼ each year. :) Hope that helps. Have a great day! –Fred