Diamonds Are An Investor's Best Friend - News

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Diamonds Are An Investor's Best Friend

By: By CNBC.com | 22 Aug 2007 | 04:34 PM ET

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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.

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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