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Who is the certifying body of the jewels?
How many Emeralds are we talking here?
Are they Colombian?
Carats?
Cuts?
Overall size?
Only the finest of Emeralds are worth more than Rubies, Sapphires or Diamonds. Such Emeralds are VERY rare and are actually worth over $30,000 (Real, I mean US dollars) per carat. The vast vast majority of Emeralds are flawed, and not near anywhere NEAR this figure.
If they're of high quality they can be worth a good deal of money (meaning not the absolute finest and rarest, but still of high quality) at $2500 - $7500. Check the certified quality, maybe you didn't get ripped off after all. But you must ask yourself, why would someone sell you a $5000 Emerald for $1000?
"BE DIALING!"
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Quote:Originally posted by EffinC
10 people received a profit of $4,000, while 420 people got scammed out of $1000.
Worst use of "420", ever.
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Additionally, having tangible assets as part of an investment portfolio is a good thing. Don't take your emeralds and flush them, they're worth money......it's just a matter of how much you may someday get for them.
Do your homework. Take the time to visit various Jewelers and ask them questions, ask to see the differences between a $1000 stone and a $15,000 stone. Size is NOT the sole factor in jewel pricing. The best way to profit from investing in Gems is to study them from the people who know. Greasy Vinny's Butt Load O' Jewelry in the mall isn't the place to start. If a jeweler skirts around your questions and won't really teach you......walk. They have a responsibility to edicate prospective customers and no one with a respectable business hides their product from you.
The most profitable way to buy fine gems and minerals is to Travel and buy. The best part about investing in tangibles is that it is private and anonymous. Big brother isn't going to know if you have a nice collection of jewels in a safe of not, much unlike stocks.
Great Site on Emeralds
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But..........who's sitting around with a bucketfull of gems, deciding to give them out for $1,200, and pay the person buying it back $7,000, just out of the goodness of their hearts?
Gems aside, this is a PYRAMID structured scam. That.......legal or NOT right now..........will buckle when the peoples funding it can't convince anybody else to give them $1,200.
Then they're just left with a stupid decision to piss out their mortgage payment on an emerald.
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Don't know what to tell ya. It is entirely possible that the company doing this doesn't hold the proper permits to ship large quantities of the stuff, or ran into osme other form of red tape, and is making a buck in a different fashion.
It's all about the Certifications. If it's an actual reputable firm standing behind them, then you have a chance of turning a profit. If it's written in crayon and signed by George Glass, you have a problem.
