Diamond Assets
Monday, March 31st, 2008Diamonds, according to a well-known manufacturer, have been increasing 15% as far as their price is concerned every year since 1949. This in itself makes it an asset worth having. With increased demand coming from an affluent middle class that is making its presence felt in emerging economies, diamonds just seem to be in demand all over the world.
This is specially the case when it comes to very rare diamonds. Take the case of rare coloured diamonds for instance. Their values have shot up in the recent past. When you have such intrinsic worth in the palm of your hand, does any economic downturn or recession really have to bother you? This is probably the safest bet you have against any kind of eventuality, more so because you can carry it around with you if you want to.
Granted that the availability of the regular diamond to the rare coloured diamond is 1:10,000 – however, if you can afford one, you know you’ve got a winner when it comes to investment. Take into account that the mines where the coloured diamonds are mined, especially the pink ones, are producing less and less each year and you’ll figure just how demand and supply are going to push the prices even further up.
Does all this take away from the romance of the diamond considering that what it signifies on an engagement ring is a declaration of love? Well, more and more couples, even the young ones, are tempering romance with a strain of practical thinking and coming out in droves and buying. So you might never think of selling your precious diamond but it’s great to know just how much it is worth. A diamond really is forever – especially when its worth only keeps going up.
