Yes, diamonds may be a girl’s best friend, but they are not a very good financial asset. Diamond values are maintained only by the crumbling control of the South African De Beers Group diamond cartel. Were it not for that control, the prices of diamonds would be even substantially less than they are now. Diamond prices have fallen over the years, and they will likely continue to do so.

That being said, diamonds ARE pretty to look at. But the wise gift-giver will look upon them as merely an attractive adornment to the primary gift itself. That gift can be a bracelet, earrings, a brooch, a necklace, or other jewelry, where the primary value is in the design, workmanship, and in the gold, silver, or platinum comprising the piece to which the diamonds are merely an adornment. Value may be added by accompanying stones such as rubies that can be even more valuable than the diamonds.

One more gift I did not mention above, as I saved the best for last, is
luxury watches.

Yes, a Timex or some no-name generic drugstore wristwatch will satisfy your basic needs. But, for something that you, or the person to whom you give the watch as a gift, will actually enjoy having, as well as meeting the utilitarian needs, only a luxury wristwatch will satisfy.

There are so many choices amongst wristwatches, you do need to educate yourself a bit. Websites such as http://www.prestige-wristwatches.com offer links to various manufacturers and dealers, glossaries of horological terms, and informative articles. The modern wristwatch, regardless of price range, is a marvel of mechanical technology. With a higher priced wristwatch, you will receive a piece with more features (called “complications” in the industry), more accuracy, finer workmanship, and yes, frankly, more cachet.

What kind of wristwatch to give? If you have money, you may have heard of or looked at watches with what is called a ‘tourbillon’ (french for ‘vortex’ or ‘whirlwind’) escapement.

Tourbillon wristwatches are much sought after because of their unique design and appearance. The design of the case frequently includes a transparent portion of the case, allowing the owner to watch its fascinating movements.

Extreme precision is required for tourbillon wristwatches. There are more parts than required for conventional movements. And they have to fit into the same amount of space. Because of these exacting requirements, and resulting difficulty of manufacture, tourbillons are very rare and exceedingly expensive. It is this rarity and expense, as well as the fascinating design and visual effects, that makes them so attractive to those with money.

Regardless of what you pay, even if you happen to overpay somewhat, a fine wristwatch is something that you or your loved one will love to own. You can’t go wrong if you choose from the offerings of quality
wristwatch manufacturers.

After narrowing your choices, look at those manufacturer’s websites to see how they will ensure that you will receive what you pay for from a dealer. That being said, get something you and your gift recipient can admire for a lifetime. And if the watch is for a loved one, by all means get a showpiece adorned with the diamonds and/or other jewels. But remember, it will be the wristwatch itself, not the diamonds, that will be the source of lasting value and enjoyment.

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