Before you read any more, please know that all investments involve different
degrees of risk. You should be aware of your risk tolerance level and
financial situations at all times. The following is my personal opinion, and
you should research all and any investment before getting involved.
I have people ask me all the time whether gemstones are a good investment.
This is like asking if investing in the stock market is a good investment.
The answer is of course yes, no and maybe.
I am going to cover only Tanzanite in this guide, I do plan on doing an
extensive guide on gemstone investing in the near future.
Ok, so now the question becomes "Is Tanzanite a good investment?"
My personal opinion is yes.
In 2007 the last mine that was available for mining
by anyone except for Tanzanite One closed.
Couple that with a Rising demand for Tanzanite and
the fact that there is still a lot of room for the prices
to rise and you have a 'perfect storm'
What do I mean by the fact that there is a lot of
room for the prices to rise? Tanzanite is currently
the only one of the big four (Tanzanite, Emerald,
Ruby and Sapphire) where you can get a top
quality 5ct ring in a retail store for around $15,000
With emerald a 5ct top quality stone is about
$1,000,000.00 a 5ct Ruby sold at auction in the fall
of 2006 for $2.5 million dolllars, and a sapphire of
similar quality is coming in at nearly the same money
as the ruby.
So when you can go out and buy top quality Tanzanite
between $450 to $600ct wholesale depending on size.
(Remember, when you are buying on eBay you are
usually buying wholesale, whether from myself or others)
That means that doubling or tripling of the value of
Tanzanite over the next several years isn't unrealistic.
Gemstones in general are also the most compact form
of wealth available. If we say Top quality Tanzanite
averages about $500ct that means that it is $2500
per gram and almost $77500 per ounce. Compare
that to current gold, platinum or even rhodium and
it makes them look cheap. You can easily put
$1,000,000 of Tanzanite in your jacket pockets
at a total weight of less than 1lb. Compare that to
gold where you would have to have about 1000
ounces or 62 pounds and you start to get some idea
of why having a portable commodity is a good thing.
If you have any other questions about Tanzanite don't
hesitate to email me, and again please remember to do
your research before diving into any investment.
Is Tanzanite a good investment?
Views 73 Likes Comments Comment
July 20, 2008
Have something to share, create your own guide... Write a guide
Explore more guides