You may be spending hours searching for that perfect engagement ring at the shopping mall or specialty boutiques. You may even have done your research and learned about the 4Cs of valuation which is the Color, Clarity, Cut and Carats. On the other hand, investing in gemstone is a totally different thing than just buying retail jewelry. Many people are even willing to apply loans online from https://www.californiatitleloans.org/ because they understand how much potential it can bring if they’ve made the right investment.
If you too are considering to buy and sell gemstone as a form of investment, then you certainly have plenty of things to learn. The best advice that you can get is purchasing one from well known gem dealer until you accumulate the experience necessary.
Once you are really decided to be in this business, you need to set yourself apart from the rest. Most likely, you will need to secure a wholesale license or also called as sales privilege license or tax license. This is crucial as it would give you quick access to primary dealers, secondary dealers and even wholesalers. Not having the appropriate license and you are facing to pay sales tax to the state on the purchase of gemstones.
Meaning to say, if the sales price is around a thousand dollars and the tax rate is at 5%, then you are automatically giving away 50 dollars of your profit.
There’s no such thing as investment-grade gemstone. The terms semi-precious and precious stones does not have standard meaning too. The terms sapphires, emerald, diamond and ruby are used in defining some gemstones. However, they’re bandied by less scrupulous dealers who are using them in selling inferior gemstones.
Some are selling Arkansas Diamonds which is basically made from Quartz, Evening Emerald that’s made from Perido, Cape Ruby that originated from Garnet as well as Lux Sapphire that’s sourced from iolite.
These are only few of the examples of how dealers are tricking unsuspecting consumers. Keep this in mind, gemstones are sold in rough form directly from the mine or polished and cut. It can be a bad or good investment, which will depend on how much you are willing to spend.
Yes it is true that size counts but it doesn’t indicate that big is best. It’s more like how much the gemstone do weigh. Different stones have different weights, regardless if they are of the same size. Perform additional research regarding this subject to make sure that you will not be fooled by dealers.