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Diamonds Are An Investor's Best Friend

By CNBC.com
Wednesday, 22 Aug 2007 | 4:34 PM ET

Fast Money trader Eric Bolling is bullish on diamonds. Appearing on CNBC's High Net Worth with Tyler Mathisen, Bolling recommends buying diamonds ... the gems, not the exchange-traded fund .. as an investment. He says forecasts call for 30% to 40% appreciation over the next 5 years, but only for larger, high-end stones.

What do you need to know before you buy? Watch this CNBC.com Web-Only Video for Eric's tips.

Diamonds: An Investor's Best Friend?
A look at diamonds as an investment vehicle, with Eric Bolling, independent trader and contributor to CNBC's Fast Money, and CNBC's Tyler Mathisen

In the clip, Eric recommends doing your homework before buying diamonds. The specific web sites he likes are: www.pricescope.com and www.bluenile.com.

Watch High Net Worth every Sunday at 8PM and 11PM ET on CNBC.

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