专业论点：钻石具有保值作用吗？

zuanshijiujingyoumeiyoubaozhizuoyong？zaizhiqiandeyixiewenzhangzhongwomenweidajiafenxiangguobushaoxiangguanxinxi。qishiduihenduoputongreneryan，zuanshibaozhishiyigebijiaoyaoyuandehuati，bijingdaduoshurendegoumaimudeshiyongyupeidai，danjinnianlaipingwenshangshengdezuanshibaojialingbushaorenduizuanshibaozhichongmanxiyi，xiamianxiaobianweidajiafenxiangzhunxingyedalaodezhuanyejieduzhi，zuanshijuyoubaozhizuoyongma？

早期的购买行为

shangshijiqishiniandai，zuanshizairenmenxinzhongyijingpubianxingchengleyizhonggudingde“shangshengqushi”，suoyiziranxiyinleyibufentouzirendeyanqiu。tamenkaishibuduangouruzuanshi，suihouxunsuxingchengleyigebuxiaodepaomo。

1985nian，aozhouagaierkuang（argyle）dekaicaigongzuozhengshikaishi，chuchanquanshijiedabufendefenzuanheqitacaizuan。agaierdekaifaxunsuweizuanshixingyezengtianlexinde“huoli”——caizuan（youqishifenzuan）。caizuanshichangzaicizhiqianbingmeiyouxingchengshenmeguimo，danxianzaiyiranshizuanshi“touzi”dezhongyaozuchengbufen。

conghongguanshangjiang，zibashiniandaiyilai，xiaofeizheyizhijiangzuanshishizuoyizhonggaojiazhibaoshi。xiaofeizhepubianjuedezuanshideketidaixinghenxiao，yehennancongdingjiahepinzhijiandingshanghuodeyigetongyidebiaozhun。

万众瞩目的价格冲刺

ruguohuiguguoqudejishinian，chule2008-2009jingjiweijishiqizhiwai，zuanshidejiagezhishuyizhishichengshangyangqushide，qiehenshaochuxianmingxiandexiadie。zai2010-2015nianjian，zuanshijiagedewendingxingshenzhichaoguolehuangjinhebaiyin。yimei1978nianyi6100meiyuangourude1keladseifjingdubaizuan，zai2015niandeshoujiawei15000-16000meiyuan。

gedapaimaixingzaineigeshiduanfenfenjieruledingjizuanshipaimaidelingyu，buduanshuaxinzhechengjiaojiajilu。bushaoshijiejifuhaoyekaishigouruzuanshizuoweizijidezichan，jiangzuanshihuarulegerentouzidefanchou。

mianduizheizhongxianxiang，zhuliuxiaofeiquntiyeyongrulegoumaizuanshidexinglie。tamenyangwangzhedakeli、dingjiqiegong、dingjiyansedechanpin，xiangxiangzhezijigoumaidexiaokeliputongzuanshinengzairihouhuodezengzhi。

机构的介入

touzijigoudangranbuhuifangqizheiyangdejihui。shichangshangchuxianleyixieyizuanshiweijichudetouzilicaichanpin，bingxunsuzaibutongdejiecengzhonghuodeleyidingdechenggong。

haobubihuidijiang，zaiguoqudeershijinianli，quanqiuyoubushaodecaifuguanligongsigouruledaliangzuanshiyongyulicai，chanpinleixingzhuyaojizhongzaidakelibaizuanhecaizuanshang，yinweitamenxiangxinzheixiezuanshidejiazhishiwengude。

huaerjiedangranyebukebimiandijianlilejiyuchengpinbaizuandeetf。

danwomenxuyaohenchengshi、henkeguandimianduiyigeshishi：goumai“shouzangjibie”dezuanshidequdao，zhuyaohaishileisijiashide、sufubidepaimaigongsi，huozhezhijiecongtoubugongyingshangneilinahuo。

钻石保值的阻力

“weilaisuizhezuankuangdebuduanguanbi，ershouzuanshihuojiangchengweizuidade“zuanshikuang””zheishiyixiexingyedakamendeyouqingtixing，jinjinianershouzhubaoshichangquyuhuore，shenzhizaiwomenzhouweidoujueqiyijiayouyijiadeershouzhubaojiaoyigongsi。danguanyuzuanshidehuishourengyouyixiejuxianxinghuozheshuozuai，biru：

(1)zuanshixingyebingmeiyouyigewanquankaifangdejiaoyipingtai。xiaofeizhehenrongyiconglingshoudian/lingshoushangneilimaidaochanpin，danshouxiannidegourujiagejiuyijinghengaole，qiciyaozaimaichuqujiuhennanle。zhangqiyilai，zuanshidexiaoshousiluwangwangshidanyide，ji“congpifadaolingshoudaozhongduankehu”。

(2)zuanshixingyequefayigezhenzhengdedaogongshidedingjiaxitong。rapaportbaojiabiaochengranshibushaoxingyerenshidecankaozhinan，danyezhuyaojuxianyubaizuanyijijiagezhekoudebianhua，bingbunengshejidaomeiyikezuanshi，lingzuanshijiazhinanyishixiantouminghua。zheizhongjiagebushenminglangdeqingkuangxianzhileyixietouzizhedereqing。

youmouweitongxingzishu，2009nianhuafei1800yuanmaide30fenzuanjiejinyizhangzhi2600zuoyou，fangzaijutaizhongchushouyeshixiaofeizhezhengxianggoumaidecunzai，suiranzhangfubingbushihenda，danyedadazengjialewomenduizuanshitouzideyixiexinxin。jieheshangshudexingyeguandian，shouzangjizuanshijibenputongrenshijiechubudaode，jiechudaoleyemaibuqi。xiang50fenjiyishangjuyouxiexubaozhijiazhidezuanshihaishikeyimaide，fangzaishoulichiyoujishinianyebuhuiyingxiangzishenjingjizhuangkuang，ersuizhezuanshikuangdebuduanguanbi，weilaigengshikeqi。