What to look out for when buying diamonds
When investing, you should make sure that the diamonds have not yet been made into jewellery. The reason for this is that they are less suitable as asset protection. When making a purchase, you should also note that it is subject to VAT, which is 19 percent in Germany.
Governments, the diamond industry and civil organizations have come together in the Kimberly Process. This is intended to protect investors from acquiring “blood diamonds” that come from dubious sources and are used, for example, to finance civil wars. A total of 74 countries and EU states belong to the Kimberly Process.
A notice: When purchasing a diamond, you should always get confirmation from the seller that the stones are conflict free. For safety reasons, buying diamonds should always be as discreet as possible. The delivery date should be agreed with the buyer individually.
Tip: Alternatively, you can also invest in gold. This is very easy to do with gold ETFs, for example. Read our guide to find the best ETF.
