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What can I do to protect my diamond investment?

What can I do to protect my diamond investment?

  • Which steps can I take to keep them safe?
  • How can I protect them when I am away?
  • Which other factors should I be sure to remember?

One of the most important factors when investing in physical commodities is safekeeping. Your diamond investment is a valuable asset, and thieves know it as well. Which steps can I take to protect my valuables and heirlooms?

Which steps can I take to keep them safe? 

When keeping safe your most prized possessions, you have the opportunity to explore several options. Even though alternative investments such as cars and paintings are not easily kept in a safe, your diamond jewellery can be effortlessly stored in a secure locker. You can choose to rent a safe at your bank, where you not only pay for the safe, but for insurance as well. What if I want to wear my jewellery or sell my diamond investment? You can easily make an appointment at the bank to collect your valuables. What if I prefer to keep my valuables close by? Then you can secure them at home, provided you the right precautions.

Hiding places which appear difficult to find for us, are usually the first places intruders look. In addition, cheap safes can easily be broken into and thieves sometimes just take the entire safe with them to open elsewhere. It is therefore recommended to invest in a qualitative safe anchored to the floor or wall.

How can I protect them when I am away?                                  

When you know you will be absent from home for longer periods of time, it is best to take additional safety precautions. The well-known tip of using timers to turn your lights and television on and off is a good start, but it does not stop there. You can also ask your neighbours to regularly pick up your post, spend elongated periods of time at your home or even park their car in your driveway to give the illusion of someone being at home. 

You can protect your valuables even further by storing them with family or at the bank for the duration of your absence.

Which other factors should I be sure to remember?

Protecting your valuable diamond investment begins long before you even think about burglars by choosing additional insurance. Most homeowners insurance policies cover up to a certain amount, which could end up costing you when your diamonds are stolen. Likewise, it is also important to make sure to keep all purchase receipts, documents and certificates safe and separated from your investment. They will help you prove the value of your diamond investment if something should go awry. With these precautions, you not only reduce the risk of someone being able to take your diamonds, you make sure you never lose their value.

What else can I do to protect my diamond investment? How can I be sure the value of my investment is accurately represented when need be? Contact the diamond experts at BAUNAT DIAMONDS for advice about your diamond.

Author: Inge De Wee
Source: BAUNAT

With this article, BAUNAT strives to inform you thoroughly about investing in diamonds. No investment can be guaranteed to be without risk or fully according to your expectations. That is why we recommend to research the risks and aspects of investing in diamond properly to ensure that you make the right choice for your portfolio.

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