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5 top diamond stocks to buy in 2024

Ready to invest in the precious gem industry? Learn how to invest in diamond stocks in just a few steps.

The best diamond stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

You'll also want to consider which stocks are easy to buy. Many diamond stocks are located on non-US exchanges, which means you'll need a brokerage account that offers access to international stocks. Different brokerages offer access to different exchanges, so if you're interested in a specific non-US stock, you'll want to check if it's available through your brokerage account.

The top precious gem stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Alerus Financial (ALRS)
  2. Rio Tinto ADR (RIO)
  3. Anglo American (AAL)
  4. Zhengzhou Sino Crystal Diamond (300064)
  5. SF Diamond (300179)

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How to invest in diamond stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like ALRS or RIO.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into diamond stocks

If you're interested in investing in the precious gem industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Alerus Financial (ALRS)

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that engages in the provision of various financial services to businesses and consumers. The company operates in four segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault services, merchant services, and other cash management services.

Alerus Financial stock opened the day at $22.32 after a previous close of $22.00. The latest price was $22.09 (25-minute delay). Alerus Financial is listed on the NASDAQ, has a trailing 12-month revenue of around USD165.2 million and employs 709 staff.

  • Market capitalization: $424,014,592
  • P/E ratio: 42.88
  • PEG ratio: 0

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2. Rio Tinto ADR (RIO)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia.

Rio Tinto ADR stock opened the day at $65.13 after a previous close of $64.33. The latest price was $65.06 (25-minute delay). Rio Tinto ADR is listed on the NYSE, has a trailing 12-month revenue of around USD$54 billion and employs 57,000 staff.

  • Market capitalization: $105,684,099,072
  • P/E ratio: 10.3371
  • PEG ratio: 0

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3. Anglo American (AAL)

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom. . . . .

Anglo American stock opened the day at 2,282.00p after a previous close of 2,265.00p. The latest price was 2,380.00p (25-minute delay). Anglo American is listed on the London Stock Exchange (LSE) and has a trailing 12-month revenue of around $30.7 billion. All prices are listed in pence sterling.

  • Market capitalization: $27,228,932,096
  • P/E ratio: 124.7778
  • PEG ratio: 2.2116

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4. Zhengzhou Sino Crystal Diamond (300064)

Zhengzhou Sino-Crystal Diamond Co. ,Ltd. researches, develops, manufactures, and markets synthetic diamonds and related products in China.

Zhengzhou Sino Crystal Diamond is listed on the SHE, has a trailing 12-month revenue of around CNY£877.7 million and employs 1,082 staff. All prices are listed in Renminbi.

  • Market capitalization: $1,591,233,536

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5. SF Diamond (300179)

SF Diamond Co. ,Ltd. manufactures and sells polycrystalline diamond (PCD) and composite super hard materials in China.

SF Diamond stock opened the day at ¥6.69 after a previous close of ¥6.74. The latest price was ¥6.92 (25-minute delay). SF Diamond is listed on the SHE, has a trailing 12-month revenue of around CNY¥539.2 million and employs 761 staff. All prices are listed in Renminbi.

  • Market capitalization: $3,362,490,368
  • P/E ratio: 25.6296
  • PEG ratio: 0

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Bottom line

While it’s possible to turn a profit investing in diamond stocks, keep in mind that — like any investment — diamond stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the precious gem industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

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