In addition to the burgeoning middle classes within the aforementioned places, some of the world’s most popular diamond mines have closed, meaning that prestigious and rare diamonds are now even harder to get hold of, as investors seek to find the best diamonds available on the market.
According to Stone House Global Markets, the rising interest in diamonds is becoming a phenomenon as we come to the end of 2011. Dump gold and buy diamonds is the up-and-coming motto. Gold has been decreasing in price in recent months. Coupled with this are companies like Tiffany and Co; they’re investing in diamonds through companies such as Mountain Province Diamonds in order to obtain rough diamonds directly from specific mines.
This pattern is creating an environment where people are moving away from gold, and turning to diamonds instead. Whilst gold decreases, diamonds are becoming the preferred, reliable and sensible investment option for 2012. One particular diamond, the Asscher cut flawless diamond has increased in price by 300% over the last ten years, and they are expected to see a further rise too.
Diamonds have become more popular over the last thirty years, and now rising affluent consumers in countries such as India and China are beginning to see the value of diamond investment. Since 2010, diamond prices have increased by more than 50% and some analysts believe that prices will double or even triple by 2013.
Francis Bauer, Senior Broker at Stone House Global Markets commented on the recent surge in diamond investment: “It’s great to be involved in the diamond market at the moment and we believe that during 2012 the interest in diamond investment will increase even further. More people are starting to realise the potential returns that can be made by this commodity, giving credence to the saying dump gold and buy diamonds.”
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 their clients the chance to develop unique portfolios and generate a return of investment for traditional and coloured diamonds. For more information visit the website - http://www.stonehouseglobalmarkets.com