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Stores of wealth: Investors go for something more tangible

A recent report by Barclays found that, in the current zero interest rate environment, investors are showing mounting interest in collectables.   Greg B Davies, head of behavioural finance at Barclays says: “A desire for tangibility and familiarity is encouraging investors to increase the proportion of their wealth that is given to treasure such as ….. Read More »

Diamonds are forever? Indiarecords all time growing sales in diamonds

CHENNAI:Indiais fast emerging as a diamond market behindAmerica. “By 2020,ChinaandIndiawould account for one-third of the total diamond market worldwide,” Stephen Lussiere, global chief executive officer, ForeverMark said recently inIndia. Forever is part of the De Beers group of companies, a leading diamond company.   The Indian jewellery market is pegged at Rs 1.40 lakh crore ….. Read More »

Diamonds Trump Gold as Investor’s Best Friend: Pro

Investors should be putting their money into diamonds, as the precious stones represent the best safe haven available right now, Philip Manduca, Chief Executive Officer at Titanium Capital Partners told CNBC’s “Squawk Box Europe.”   “You should have been parking your money in diamonds for some time now. They are portable, liquid, there are no ….. Read More »

Diamonds Sparkle at Christie’s Opening Luxury Week Auction

A 22.46-carat rectangular-cut E-color diamond ring by David Webb sold above its estimate for $1.87 million, or $83,500 per carat, at Christie’s New York Important Jewels auction Tuesday. It was one of more than a dozen top-quality diamonds featured in the sale. A 14.82-carat, pear-shaped E color VVS2 diamond also sold above its estimate for ….. Read More »

Harry Winston 12-Carat Pink Diamond Sells for $17.4 Million

The largest round fancy intense pink diamond to ever appear at auction sold for $17.4 million at Christie’s Hong Kong Magnificent Jewels sale Tuesday.   Known as the “Martian Pink,” the extremely rare diamond was owned by a private collector. It was purchased from Harry Winston in 1976—the same year, theUnited States launched The Viking ….. Read More »

Graff Diamonds Said to Move Closer to $1 Billion I.P.O. in Hong Kong

HONG KONG — While Wall Street is busy with Facebook’s debut on the Nasdaq, investors in Hong Kong, the world’s biggest market for new listings, are focused on whether diamonds really are forever — or at least long enough to shine above the current volatility in global markets.   Graff Diamonds, the family-owned British retailer ….. Read More »