Stone House Global Markets Expand as Demand for Diamonds Increases

Dec. 8, 2011 - PRLog -- Stone House Global Markets have expanded their business as a result of the growing demand for diamond investment, particularly in China, Russia and the USA. During October this year, the company completed 580 diamond trades and during November they predict this figure will almost double, reaching 1000 unique investments.

The increased interest and high demand for diamonds is largely the result of major diamond mine closures. Stone House Global Markets have overseen a massive upsurge in the trade for coloured diamonds. To deal with the additional demand they have even appointed two more portfolio managers, increasing their team of experts to twenty two. On top of this, the company are also looking into relocating to the prestigious 30 St Mary Axe building in London, better known as the ‘Gherkin’, for their future developments.

The change in the current market demonstrates that the diamond investment sector is booming, despite the gloomy economic forecast in Europe and the rest of the world. In times of financial flux, many people turn to investments in physical commodities, notably precious metals and gems.

This has been reinforced in Geneva, where the world’s largest known yellow, 110-carat diamond, was recently auctioned and sold for £6.89 million. The price of the diamond did not include any taxes and commission, making the vivid diamond the most expensive of its kind ever to be sold.

During this increased period of business, Stone House also has five rare red diamonds available for investors. In fact these diamonds are so rare that even experienced people who work in the diamond industry have never come across them.  

Francis Bauer, Senior Broker at Stone House Global Markets said: “Despite the economic conditions at present, the demand for larger diamonds is increasing which is great news for us and also for the investors. There are a number of extremely rare diamonds on the market and investors from all parts of the world, including China and the USA, are trying to get hold of these valuable gems.”

“Moving forward we hope to see the demand for diamonds and diamond investment increase. The latter part of 2011 has been very successful, so therefore we will be doing all we can to continue this trend into the New Year and beyond.”

For more information please visit their website: http://www.stonehouseglobalmarkets.com


ENDS

About Stone House Global Markets
Stone House Global Markets are an international diamond investment company based in the City of London. With their team of experienced individuals they offer clients the chance to develop unique portfolios and generate a return on investment for standard traditional and coloured diamonds. For more information visit the website - http://www.stonehouseglobalmarkets.com