Which is the best investment option? Gold or Diamond? Almost 90% of the people will consider Gold as the best option when compared with Diamond. Why? Even though Diamond is a precious metal, it is not considered as a popular choice for investment because of the following reasons listed below:
- No transparency in pricing – When compared with Gold, the price of a diamond is not listed on the exchange. Do you know the reason for that? Because each diamond is unique and cannot be compared with another. The price of a diamond is based on the 4Cs( Color, Carat, Cut and Clarity). A better cut diamond with more clarity will have a high price when compared with a similar diamond with less clarity.
- Selling/ Trading – Whenever you need to sell a diamond, the selling process is not straightforward as many jewelry stores will not buy the diamonds back from the customers. You can get a good deal if you sell the diamond in the same place where you had bought previously. Sometimes, you may not even get 2 or 3% profit by selling the diamonds. A better option will be to place advertisements on classified websites like Sulekha, Craigslist etc.
- Returns on Investment – There is no guarantee that you will get a fixed percentage of returns every year for your investment in diamond. If you purchase a good quality precious gem, then you will get an excellent resale value.
To overcome the above challenges and to transform diamond a valuable asset like Gold, CEDEX, a blockchain based exchange exclusively for diamonds is under development. The main objective of CEDEX (Certified Blockchain Based Diamond Exchange) is to bridge the gap between the financial markets and the traditional diamond industry by transforming diamond into a new asset like Gold. CEDEX is considered as the world’s first Certified Diamond exchange. It enables the investors either to invest in single diamond or shares in a basket of diamonds like ETFs (Exchange Traded Funds). The platform is intended to be so simple and straightforward so that a beginner who doesn’t have any knowledge of diamonds can buy/sell them easily. Sounds Interesting? Check out their official whitepaper https://cedex.com/img/Whitepaper.pdf to learn more information about the technology behind CEDEX.
Before making any kind of diamond purchase, it is very important to find out whether the diamond is certified or not. GIA (Gemological Institute of America) certificate is the most popular and trusted certificate available for diamonds. If a diamond is GIA certified, then you need not worry about its quality and authenticity. CEDEX platform ensures that all the diamonds traded on this exchange are fully compliant with GIA. Also, the pricing for diamonds on CEDEX are transparent in nature as setting the benchmark value, rate etc are fully handled by the blockchain based smart contracts. So, the buyers and sellers won’t face any issues related to trust.
If someone needs to access the CEDEX platform, then they need to hold CEDEX tokens. These tokens are a special type of tokens based on the Ethereum standard that are available for sale during the token sale event. Kindly visit https://cedex.com to get the latest updates on the token sale or join the Bitcointalk Thread.
It's true, I've not been hearing about the exchanges in diamond, didn't know the reason till this post came up. People are frightened of the lack of transparency in pricing, lacking clients to sell, getting favourable returns in the investment.
Well I can now see CEDEX is there to aid people in the investment, thats the beauty of steemit, learning something new everyday. And now people are going to know about CEDEX as i try to encourage them about the alternative in investing in diamonds
Interesting... is CEDEX somehow backed by De Beers? I wonder...
Cedex have partnership with IDEXonline and Techfinancials a listed company in UK
This can become a big think but I really think there is a long way to go educating the market. I also think that Steemit is the best place to share this article because our community is full with early adopters and this the market they should be going after.
Are you involved in any way with this initiative?
PS: Felicitări pentru articole! Am început să citesc tot ce ai publicat în ultimele două săptămâni. Foarte multă informație nouă și de calitate!
Mulțumesc și succes în continuare!
Multumesc :)!
It is quite interesting how the market of gold, oil and precious metals has become as huge as we know it today, while not so many thought to invest in diamonds and bring this to the public market. I think CEDEX will have a great success implementing this idea on blockchain, there are plenty of money ready to be invested in a safe and transparent platform. I see on the website that the Token Pre-Sale is going on March 16, so we have got the time to prepare our resources and invest in it. Thanks for sharing it here!
In fact cryptocurrency would have been in the position of gold market. If it was completely trustworthy to humans. Because cryptocurrency has not yet become completely credible to humans. Cryptocurrency people are still skeptical about the future market.
Diamonds are for suckers. if bought in fancy stores they might be as over price as much as 33X and even when bought a reasonable price they are hard to get rit off. My advice, stay away. Hold bitcoin.
CEDEX amazing idea.
Always found something unique & interesting cryptocurrencies in your blog.Thanks
Upvoted & resteemed
Thank you!
I see a great potential mixing diamonds with blockchain technology
I've been pondering concerning why putting resources into jewels isn't an exceptionally mainstream choice. I didn't realize that every precious stone is one of a kind and can't be contrasted with another. That bodes well why it isn't so much that famous.
the lack of normal conditions in pricing, the difficult search for customers in the case of a sale makes diamonds less competitive than conventional gold. But these are not the only problems on which diamonds are not a popular asset.
A bold decision to turn Diamonds into the same asset as Gold took the platform CEDEX They are considered the world's first diamond exchange certificate. This confirms their serious intentions to achieve the set goals in this area.
Investors have the right to choose to invest their funds in a single diamond or a basket with diamonds. The main feature is that all diamonds are certified. This ensures the purity of the transaction.
CEDEX this is a stratified choice, where even a beginner can easily understand the functions and become a full-fledged investor.
reading your posts, I find out for myself something new every time.
Diamonds were always a luxury item, and were rarely suitable for investment.
I liked what problems the company decided CEDEX and then what opportunities for investors they represent. But the main thing is that any person can understand the interface, which means everyone can invest.
Thank you, I liked
I've been wondering about why investing in diamonds is not a very popular option. I didn't even know that each diamond is unique and cannot be compared to another. That makes sense why it's not that popular.
Very interesting information! I think after that I will buy cyrptocurrencies instead of gold for investment :) al lthe best.
Investment in diamonds is better due to the stability of diamond prices in recent years
When it was constantly rising, while gold was suffering
Wonderful, this platform of Steemit has been so helpful to everyone to get amazing information and not only that, it can also help everyone to create wealth.
Thanks for this post. Its a big help on noobs like me who don't know yet what to do how to earn money here. I just signed up and struggling how to get started to earn some money here.So your post is really in deed a great help.
I had never thought of diamond as a worthwhile investment to be honest. That being said, after reading about CEDEX I am going to read in to it some more! Thanks for the interesiting post!
But diamonds have no scarcity. The value was created in the 20s-30s. People didn't have diamond engagement rings before then. It is a simple way to sell something expensive with just a bit of skilled work of cutting the diamond. Ask anyone who served in the military in the middle east, uncut diamonds are just sitting on the sand.
Seriously! Thank for you bringing this up. Can't believe someone would ignore the decades of evidence that points to an artificial valuation of diamonds. Not only that, but the supply is far fro scarce. You can literally make diamonds in a lab. You could since the 90's.
CEDEX astounding thought.
Continuously discovered something one of a kind and intriguing cryptographic forms of money in your blog.
Nothing against you or this post, but diamond prices in general are a giant scam, and they're very clever in their marketing tactics and fixing of the supply and which dealers they sell to. Also, blood diamonds are a thing, and many diamonds that are claimed to be certified as non-blood diamonds are actually of unknown origin, so you end up overpaying for something that isn't actually ethically sourced. Too many scams abound in the diamond world!
Not all are scams
Good work dear thanks for sharing keep it up
Another idea to use blockchain... to trace diamond in order to invest in it. Maybe good system, but I don't see the potential, it's not a trading between business to consumer, it's more business to business (small market ?) . I have to read the whitepaper.
Yes, it is the best to read the whitepaper before investing into an ICO.
Thanks to share the ICO, too much to follow...
True, white paper is like an Resume of an particular ICO.
Have a great day and stay blessed.
I did not hear it before. Many thanks for the information. I will investigate this matter. But as far as I know. The diamond is easier to damage and lose value. @denizaharie
tulisan yang sangat bermanfaat bang @danizaharie
I saw a few blochains on silver and even for organic bananas, all based on weight. it is a good idea to create a link to physical assets.
Having become acquainted with the platform CEDEX I can say with certainty that it is worthy of attention. This is the first fully certified diamond platform that guarantees that every diamond is of high quality (diamonds also have certificates).
For any investor, a diamond is a very interesting asset that has been little available for a long time and is weakly popular. This was for many negative reasons, such as - the lack of transparent pricing, the sale was not direct, the absence of a fixed profit ..
Now, thanks to the platform CEDEX about this and many other difficulties you can forget. Now everyone can become an investor of diamonds. A simplified interface will be understood by everyone.
What are you waiting for? Visit the platform site and you will see for yourself
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wow Innovation
The real question is that do you think that bitcoin is going be the next Diamond /Gold?
I do not speak English but congratulations
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bitcoin is the best investment in the world of today
This post has received a 12.66 % upvote from @boomerang thanks to: @danizaharie
Amazing post, just followed and resteemed, Follow me back and upvote my posts as well. Hope we can be good friends.
It seems like there is. New use for Blockchain every day.
i enjoy your post! thanks
If you think diamonds are valuable you have been successfully indoctrinated to believe that. Diamonds are the biggest scam of the modern era. They are not rare whatsoever. Sapphires and Emeralds are rarer. De Beers own 85% of the diamond mines and they manipulate the price however they choose. You ever fucking wonder why the price always depreciates instead of appreciates? It's a fucking scam
I've been pondering very about why putting resources into gems isn't an exceptionally mainstream another. I didn't reach that all panicky stone is one of a clear and can't be contrasted gone choice. That bodes ably why it isn't therefore much that expertly-known.
Im not a fan of Diamonds...... crypto are better investments.... but at leat.... ecverybody can do whatever...
Diamonds as an investment vehicle is truly a mistery to me. You just picked my curiosity. I'll give it a really careful look.
Thank you for sharing!
GIAcoin ico coming soon