\r\n U49 – Holding Loose Diamonds during Re-allocation\r\n0:02\r\nAll right. We\u2019re going to talk about buying some loose diamonds or using them for, I guess you would say investment purposes. But really, it\u2019s a temporary measure.\r\n0:11\r\nJust like if you were to buy gold, I think it\u2019s only shouldn\u2019t p… <\/div>\r\n
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U49 – Holding Loose Diamonds during Re-allocation
\n0:02
\nAll right. We\u2019re going to talk about buying some loose diamonds or using them for, I guess you would say investment purposes. But really, it\u2019s a temporary measure.
\n0:11
\nJust like if you were to buy gold, I think it\u2019s only shouldn\u2019t probably keep gold for more than three months, OK? I\u2019m not saying buy and hold it forever. It\u2019s just a way to put money somewhere that\u2019s liquid and can be stored easily.
\n0:26
\nLoose diamonds are an option, so as gold. But let\u2019s talk about loose diamonds.
\n0:30
\nSo Mia, I\u2019ve got a couple of articles here I want to share or share with you.
\n0:38
\nVery brief one here.
\n0:39
\nSo this is what I put together years ago.
\n0:41
\nNow, this is about 10 years old, so you want to, I\u2019m going to show you some references here, but you\u2019ll want to look in, um, you want to look at some of the recent publications regarding the diamond industry.
\n0:54
\nAgain, you can avoid volatility in the pricing of diamonds by keeping them in the short-term and having another investment purpose in mind. And diamonds, just being the interim, like, let\u2019s call it, the crypto version of the stable coin, OK, loose Diamond\u2019s, let\u2019s just use it like that.
\n1:10
\nSo you see, here, I\u2019ve got the round. type diamond.
\n1:16
\nOK, now I\u2019m gonna show you what I have concluded, as a way, to buy Diamond, what to buy, and based on what criteria.
\n1:26
\nSo we\u2019re going to talk about the round, brilliant.
\n1:29
\nIt\u2019s the type of diamond.
\n1:31
\nAnd I have two profiles.
\n1:35
\none, typically, over this period of time, from 2003 to 20 13, showed a return of about 8%. Now again, I\u2019m not trying to make money with diamonds.
\n1:46
\nNo, I\u2019m not trying to lose money either.
\n1:48
\nSo here\u2019s what we\u2019ll make you 8% typically, and here\u2019s also what can make you 16%. So the 8%.
\n1:55
\nNow, I call this a profile, so this is the type of diamond we\u2019re looking at.
\n2:01
\nThen the diamond has these characteristics, color, clarity, carrot, and cut.
\n2:07
\nYou do a lot of research on that. There\u2019s a lot of learning there, but I\u2019m just gonna give you the summary here, the punchline.
\n2:12
\nSo, color is, uh, identified by Letters, A, B, C, D, I don\u2019t know, I don\u2019t know if there\u2019s F or G or H, I have to go, I\u2019m gonna show you in just a second.
\n2:21
\nUm, these are grades of how clear they are. For example, inside the diamond, if you look carefully, sometimes you can see an imperfection.
\n2:29
\nSo there\u2019s something that\u2019s called occluded or included these different physical characteristics of the inside of the diamond.
\n2:35
\nSo, they have these, um, these, uh, abbreviations here. I\u2019m gonna get into that just a second.
\n2:42
\nThen you have the carrot, which is the weight, no.
\n2:46
\nI\u2019m, I\u2019m recommending that if you\u2019re going to do this, stay within one carrot.
\n2:50
\nI like to stay at one carrot, but you can go one carrot to up to three carrots in my opinion, based on what we\u2019re trying to do here. And then, of course, what kind of car are we talking about. We have a very good cut ideal. And a signature ideal and the signature ideal has something to do with the brand of the seller.
\n3:08
\nSo it may have a certain reputation. It wants to keep right.
\n3:12
\nSo you\u2019ll see I\u2019m going to show an example of one of the suppliers they may want to look into, just one, it\u2019s online, it\u2019s it has a very helpful website, and this is why I like to demonstrate with this website.
\n3:23
\nNow here\u2019s the other part of the profile, OK.
\n3:26
\nA portion of your holdings should maybe be in this profile and a portion maybe in this profile.
\n3:33
\nJust like any other investment, there\u2019s more volatility in the higher returns. So the 16% profile means, basically, you\u2019re looking at 16% returns. You were at least from these, this time, period, 2003 to 2013. So like it, you got that round brilliant again.
\n3:50
\nAnd you\u2019ve got the types of color. You got. The clarity. The carrot weight is up.
\n3:55
\nOK, So from three carrots to six carrots, then you\u2019re looking at a very good ideal and signature ideal for cutting.
\n4:03
\nSo I\u2019m going to show you one of the suppliers here.
\n4:10
\nHere we go. Now this isn\u2019t an account. You can get a free account. Here is blue nile dot com. I get a free account at blue, now, dot com. And I just went in here and I said, OK, I\u2019m going to dial in the profile. I want, I want to look for round. Brilliant.
\n4:23
\nUm, I didn\u2019t really give it a price range, But you can see here, I can, I can change what kind of pricing I want. I just left it wide open.
\n4:31
\nI\u2019m more interested in the type of diamond. So I want to keep my range within 1 to 2.99. Just like him, I just showed you, right? So see this here?
\n4:42
\nIt\u2019s kinda cool.
\n4:42
\nTheir website is coming useful here, So, I just want to keep it there.
\n4:46
\nAnd now, also, I can choose, what kind of cut?
\n4:50
\nRight?
\n4:50
\nSo this example I just showed you, I can go back to it? Can I do that?
\n4:57
\nOK, let\u2019s do that. You see?
\n5:01
\nSo I can, I can choose this in my profile and I can choose the color EMD, right?
\n5:07
\nThis is my 8% profile and here\u2019s my Clarity.
\n5:12
\nNow, let\u2019s go into I\u2019m going to show what this means.
\n5:14
\nIf you guys don\u2019t know already, um, there\u2019s something you may want to get. It\u2019s really cheap to do this. You can get what\u2019s called a loop.
\n5:23
\nI don\u2019t have it with me right now. I don\u2019t think I have it with me. I didn\u2019t think about that until just now. But a loop is a little lens, OK, And it it unfolds, and you can look at a diamond at 10 times magnification.
\n5:34
\nAll right, you can get a loop. And if you want, when you see the diamond, you can start looking at it. You\u2019ll even see sometimes it put a laser etched serial number inside the diamond. You can\u2019t see it without help. So if you get yourself a loop, you can. you can have a way to look at some of these diamonds. So anyways, if you go to the profile and you see, let us look at what clarity, how it\u2019s graded. So clarity you have things that are considered flawless and internally flawless.
\n6:00
\nAnd then you have things that are very, very slightly included, which means when you look through it with a loop.
\n6:07
\nA lens at 10 times magnification, you\u2019re probably not going to find any imperfections unless you\u2019re in some kind of expert.
\n6:14
\nThat\u2019s what this is saying here.
\n6:15
\nAnd of course, of course, it gets lesser quality. There\u2019s little more inclusions.
\n6:21
\nOK, V S one, V S two, You see my range here, though, V S one, V S two very, very slightly.
\n6:31
\nAnd then, this is probably the lower quality you\u2019re gonna likely avoid this also, and in fact, this cutter won\u2019t even sell you such a low quality here, so that\u2019s kinda nice to know these things. But this, this website is so helpful. So, if you go through here, I mean, you can just sit here, like, you\u2019re at Amazon, not to promote Amazon, but you can actually go and buy some loose diamonds, and I think your price is pretty good now, yeah, This is probably retail, but you might be able to work something out with them.
\n6:56
\nWhat I\u2019m recommending is, if you, but if you\u2019re going to buy a large volume of loose diamonds, I would recommend going to not your retailer, but the the cutters.
\n7:09
\nSo, there\u2019s some some middleman between the cutter and the retailer, So you want to go ideally buy from the cutter, but I don\u2019t know if you need to make that deal.
\n7:20
\nI just think probably go through one of the first brokers. The cutter deals with, OK?
\n7:25
\nI don\u2019t know that you\u2019re going to be able to go to the cutter unless you have a large amount of money, and the cutter would, would work with you, OK?
\n7:34
\nSo, you would get better pricing that way And what\u2019s in it for the, for the person, that broker to work with, his cutter and you, It\u2019s because maybe you can make it such a large purchase that he can buy at a higher volume and get a better pricing.
\n7:48
\nSo that\u2019s what\u2019s in it for maybe your broker, um.
\n7:52
\nBut that\u2019s what I\u2019d recommend.
\n7:53
\nSo anyways, when you, When you make all these selections on blue now dot com, it\u2019s already selected all the These are all the diamonds that are in that category.
\n8:03
\nAs you can see, it\u2019s, you know, kind of showing you the diamond, Of course, is not the same as looking at it in person.
\n8:10
\nBut, you know, this is on the Internet. I mean, it\u2019s, it\u2019s convenient.
\n8:14
\nThey\u2019re going to sell you what they\u2019re promising. And they have a refund policy and all this stuff, too. So look, all, These are all one carrots.
\n8:20
\nLike it\u2019s $6000, $6000.
\n8:23
\nI mean, you can get them for a million dollar. You can for $10 million, if you want.
\n8:27
\nSo as you as you can see, I\u2019ve created my profile. And now, I\u2019m looking at all these different diamonds.
\n8:32
\nAnd it\u2019s telling me everything about him, right? How much money it can be purchased for.
\n8:37
\nAnd I could just put all this is my shopping cart if I want.
\n8:42
\nSo it\u2019s quite a few.
\n8:45
\nIf I were to change the, let\u2019s see here.
\n8:48
\nI\u2019m going to get myself some higher quality, right?
\n8:51
\nSo, let\u2019s get some higher quality.
\n8:53
\nLet\u2019s see, color.
\n8:55
\nLet\u2019s keep it at.
\n8:57
\nWhat\u2019s, what\u2019s the highest color quality here? Let\u2019s see, color, E F, right. So, let\u2019s do E F.
\n9:05
\nLet\u2019s say that\u2019s a better, better quality. Let\u2019s even less even go F, right?
\n9:10
\nAnd then clarity.
\n9:12
\nLet\u2019s just get some real high quality here, You see, now look at my list.
\n9:18
\nI\u2019m gonna go hire carrots, too.
\n9:23
\nI\u2019m gonna go no, not that high.
\n9:27
\nI\u2019m gonna go like six carat.
\n9:30
\nAll right, from three carat.
\n9:37
\nLet\u2019s try that See, we get here.
\n9:38
\nHere\u2019s our wishlist Now, like how short that is compared to the other one, right? But this might be better, better, worth your time. Because, look, you\u2019re going to buy a three carat Diamond for $79,000.
\n9:51
\nWhat I would, what I might consider doing, though, if, now I haven\u2019t done this yet, I\u2019m about to, for storage to go along with gold and silver.
\n10:00
\nBut, I would look and see what I can sell it for, what I can sell that retail for. And if I have a difficult time selling it, right now, you\u2019re gonna see some information I\u2019m gonna share with you.
\n10:10
\nThere\u2019s a interruption in the diamond industry market, but that I believe is temporary, and it kind of doesn\u2019t matter anyways. Because this is going to be valuable anywhere in the world. As liquid. You can imagine taking this somewhere.
\n10:23
\nYou get stuff in your pocket and put it in your coffee cup, You could put 10 of these in your coffee cup, right? And no one\u2019s going to know.
\n10:32
\nUm, you can see, I mean, we get it all the way to, like, look at this.
\n10:37
\nI mean, $200,000, or they don\u2019t see it here, they don\u2019t have an image, somebody\u2019s don\u2019t have an image for some reason, but, anyways, $100,000 for this larger three carat.
\n10:49
\nYou get the idea.
\n10:50
\nSo, I can I can dial it up. I mean, I can really I can really take this up.
\n10:55
\nLet\u2019s just talk about what, you know, the highest quality here.
\n10:59
\nLet\u2019s go with, uh.
\n11:02
\nHigher carat.
\n11:04
\nLet\u2019s see, We can pull up.
\n11:07
\nLet\u2019s see if they have any, right?
\n11:12
\nNo results, OK, It\u2019s too high quality.
\n11:14
\nAnd yeah, so let\u2019s do this.
\n11:18
\nLet\u2019s do this.
\n11:19
\nAnd let\u2019s do this.
\n11:22
\nAny OK, we got a few takers. All right?
\n11:24
\nSo here we got a nice five carat Diamond for $300,000. You see how fast that was?
\n11:30
\nI mean, you can you can do this over a period of time.
\n11:32
\nAll right, so you\u2019re going to store some money, have some liquidity, kind of a unique way to do it, goes along with your gold silver, played him, whatever you guys, you don\u2019t want to buy in, precious metals.
\n11:43
\nSo let me just share with you, got to go back to me to pop out again.
\n11:49
\nI wanted to show you.
\n11:53
\nYou can find this yourself, but Bain and Company apparently has got it publishes articles on this subject.
\n12:00
\nSo you can look and see oh here we go Bain and Company here.
\n12:05
\nSo you could probably even buy some information from Bain and Company. Bain and Company.
\n12:10
\nYou can find a lot of it on the internet, What I\u2019ve found, the good stuff on the internet requires you to join stuff, join clubs and whatever, subscribe, so, but anyways, this is a good source of information about the industry.
\n12:24
\nAnd it just gives you lots of criteria here that you\u2019ve never heard of before. If you want to be up on it, that\u2019s what I would just look at look for is, you know, Bain and Company has good information.
\n12:33
\nSo pretty simple.
\n12:37
\nUm, it\u2019s also, it\u2019s good to get the right people.
\n12:39
\nI mean if you\u2019re gonna go and find a cutter, you\u2019re not going to be able to probably buy directly from the cutter but some middlemen down, down the way. That person would probably give you good information on.
\n12:51
\nWhy or what to buy. Alright?
\n12:54
\nSo I hope that helps y\u2019all with your re-allocation plan. Remember, just keep in mind that something like this is like gold.
\n13:01
\nAnd in my opinion, when you\u2019re re-allocating and you come out of your asset, maybe the first thing you want to get into is gold or loose diamonds, because right away you\u2019re gonna get into something else but you\u2019re not quite sure yet.
\n13:14
\nBut if you already have your asset lined up and it\u2019s just waiting, then sure, sell, then transfer the money over to your next asset. But if you\u2019re not quite sure yet, you\u2019re still trying to put something together. This may be a nice interim place to put your money and keep all the benefits that you want, liquidity, security, things like that.<\/p>\n <\/div>\r\n <\/div>\r\n\r\n \r\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t