Connect with us

Headlines

These Diamonds Aren’t Just for Ultra-Wealthy Collectors Anymore

mm

Published

on

Investors are taking notice of these gems.

High-dollar colored diamonds — sometimes selling for more than $1 million per carat — are attracting new audiences in the investment world, the Wall Street Journal reports.

Recent major purchases of such gems are “part of a boom in niche over-the-counter luxury markets that were once the preserve of wealthy collectors, according to the newspaper.

Investors turned to such assets because they were dissatisfied with the returns they were getting in other areas, the Journal reports. And now their interest in colored diamonds is sending prices upward.

Citing data from the Fancy Color Research Foundation, the newspaper notes that prices for blue diamonds have climbed 70 percent since 2009. Prices for pink diamonds, meanwhile, have risen by close to 180 percent.

The Journal sounds a note of caution on colored diamonds as an investment, explaining: “Just 12% to 15% of deals are done at auction, according to [Eden Rachminov, managing partner of Tel-Aviv-based Rachminov Diamonds], with the rest being private sales or tenders, making it hard for investors to gauge a stone’s market price.”

Read more at the Wall Street Journal

Advertisement

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

Promoted Headlines

Most Popular