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According to Rachael Taylor in the October Rapaport magazine they are.
According to her article, between 2010 and 2015 Pink diamonds showed the highest rate of returns at 189%, blue diamonds rose 89% and yellows were up 17%.
Looks pretty good until you read deeper and see that pinks have actually gone down somewhat in the past year and blues have taken over as the color to invest in. My thoughts, as they have always been, are that such super expensive diamonds are perhaps a great investment for someone who has the means to play and who does not mind if prices stagnate for ten to twenty years. For those with less of a bankroll to play with and who might need to liquidate quickly, I think they are a dangerous investment as if you need your money in a hurry, you are likely to take a bath.
Also, while the multi million dollar diamonds may be a good investment, the smaller ones will always have less growth and will still be harder to sell, as they will not bring the high prices often achieved at auctions.
I welcome other opinions from both the trade and the public. What are YOUR thoughts?
Wink
According to her article, between 2010 and 2015 Pink diamonds showed the highest rate of returns at 189%, blue diamonds rose 89% and yellows were up 17%.
Looks pretty good until you read deeper and see that pinks have actually gone down somewhat in the past year and blues have taken over as the color to invest in. My thoughts, as they have always been, are that such super expensive diamonds are perhaps a great investment for someone who has the means to play and who does not mind if prices stagnate for ten to twenty years. For those with less of a bankroll to play with and who might need to liquidate quickly, I think they are a dangerous investment as if you need your money in a hurry, you are likely to take a bath.
Also, while the multi million dollar diamonds may be a good investment, the smaller ones will always have less growth and will still be harder to sell, as they will not bring the high prices often achieved at auctions.
I welcome other opinions from both the trade and the public. What are YOUR thoughts?
Wink