INVESTORS SEE SPARKLE IN COLORED DIAMONDS
Prices of vivid and intense color diamonds have risen 10 to 12 percent a year on average since 1959…
Finding a safe haven for your money has come full circle. Transportable wealth that you can carry in your pocket, not affected by global markets, Colored Diamonds have shown to be an asset one needs in their portfolio. Now more so with today’s World Business Climate.
The room in the Four Seasons Hotel des Bergues was filled with multi-millionaire collectors and diamond dealers, listening intently as the bidders, each speaking by phone to a Christie’s representative, took turns adding a few hundred thousand dollars in a tense struggle dragging on for more than half an hour.
When the auctioneer’s hammer came down, spontaneous applause broke out as the winner, who retained anonymity, bought the 14.62-carat Oppenheimer Blue for a world record $57.5 million for any jewel sold at auction. The sale some weeks ago was the latest in a series of world record prices per carat paid at auction for extraordinarily magnificent and rare diamonds.
“The big players are looking at diamonds in a different way,” said Ehud Laniado, chief executive of Cora International, which sold the 12.03-carat Blue Moon diamond for $48.4 million at a Sotheby’s Geneva sale in November, a world record for any jewel sold at auction at the time.
“They are not looking at them just as a jewel, but as an asset that has a resale value.”
Citigroup said the outlook for gold remained uncertain partly due to concerns about a possible increase in U.S. interest rates. In such a scenario, investors may look at a next-best alternative such as diamonds.”
Contact Diamante Atelier (Phone: 561-340-2456) today to expand your Asset Portfolio to include rare Colored Diamonds.