Akshaya Tritiya 2023: This Akshaya Tritiya, Invest in Coloured Gemstones Instead of Gold
Sidharth Malhotra and Kiara Advani got married on February 7. Kiara wore a beautiful layered diamond and emerald necklace.
During recent economic downturns, many colored gemstones appreciated in value as investors sought out alternative sources of wealth and secure investments
Colored gemstones are always in vogue and present a wonderful means of enhancing one’s appearance. Yet, their appeal extends beyond aesthetics, with an increasing number of people viewing these exquisite gems as a savvy investment option. While traditional investment avenues such as the stock market, real estate, and business partnerships may come to mind, investing in colored gemstones can be an immensely gratifying experience. Though the market value of gemstones may experience downturns during recessions, they tend to be less volatile than the stock market. In fact, during recent economic downturns, many colored gemstones appreciated in value as investors sought out alternative sources of wealth and secure investments.
Milind Mathur, Director, Kohinoor Jewellers, Agra and Rohan Sharma, MD, RK Jewellers South Ex-2 share things to keep in mind while investing in coloured gemstones
- Don’t look for perfection
Everyone craves perfection, especially while investing their money in something. Yes, perfect gemstones make the best investments, but that doesn’t always mean one should not consider gemstones that aren’t perfect. It might be true that they won’t net the highest price when one decides to cash in on their investment, but high-quality stones –even if they are imperfect — will appreciate in value and attract interested buyers. One should keep track of the market trend and also find out which inclusions are acceptable and which aren’t. - Authenticity
Authenticity is one of the major concerns while investing in gemstones. Fraudsters are experts in creating an artificial gemstone that might look exactly like the authentic one, hence, an expert opinion is highly recommended. Always make sure that a certificate from a trusted gemological institute is presented before purchase. Also, follow your intuition, and if anything seems suspicious, refrain from buying it. - Colour recognition
While investing in coloured gemstones, colour obviously plays one of the most crucial roles. Hence, it is important to make sure that the colour of the gems is pure and no mixture of shades is found. For example, in the case of blue gemstones, one should know that the colour varies from bluish to green. It is advisable to note some basic facts before investing, such as the colour of a gemstone is based on its hue, saturation, as well as tone. One should always check the tone and saturation first, which must be higher; so that, the colour comes up better and purer. - Value and growth
It’s crucial to understand why colourful gemstones retain as well as even grow in value. The top reasons are because they are beautiful, unique, and are desired by everyone. Proper research should be done before deciding to invest in colourful gemstones, such as what’s the recent valuation, how unique it is, and what are all the factors that might impact its future valuation. - Shop around and compare
It is always advisable to shop around for a gemstone rather than stopping at your first choice. You never know if you might find something even better on your next stop. Also, pricing is subjective, so shopping around can be really beneficial.
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