What is causing investors to invest in diamonds
There are several reasons that could explain why more and more investors are turning to diamonds in the past years, ranging from the protection they offer against inflation to their prestige, the low maintenance costs and the fact that they are bankruptcy proof. There is also the fact that investors, who initially invested in diamonds on behalf of their wealthy clients, are starting to invest individually or with partners in diamonds themselves.
But one main aspect that has made investments in coloured diamonds even more attractive is the soaring record breaking prices fancy coloured diamonds have been fetching at auctions these past years.
For instance, in May 2016 the “Oppenheimer Blue”, an incredible 14.62-carat blue diamond, was auctioned at $57.5 million.
Then on 4th of April 2017, the stunning Pink Star Diamond sold for $71.2 million, making it then the most expensive diamond in the world. To top this off, this 59.60ct Fancy Vivid pink diamond is the largest Internally Flawless diamond known.