January 22, 2012Posted in: Inspiration & Lifestyle
Diamonds are a girl’s best friend — and it turns out they may be her best investment, too! Polished-diamond prices overall up 19 percent this past year, some wholesalers have begun polishing up their pitches that the pink, yellow, and blue varieties — the more rare — will make for good investments.
Colored varieties that celebrities like Mariah Carey and Jennifer Lopez have been sporting colored diamond rings has only helped.
In what some insiders would call inspired marketing, the Israel-based merchant notes that the brilliant-pink stone weighs in at 1.68 carats — a big number for a colored diamond that also happens to be a lucky number that promises wealth in Chinese numerology.
“A lady in Hong Kong offered $600,000 for it after looking at it 20 minutes,” said Leibish Polnauer, the company’s president and founder. “I’m optimistic about the sale — if I’m offered $1 million, maybe I’ll decide I want $1.2 [million].”
Even sophisticated players such as hedge funds have lately moved to cash in on the trend by starting diamond-focused funds.
Some are reacting to the marketing of the colored diamonds more icily.
While recent surveys indicate diamond prices have outpaced gold prices, colored diamonds are too quirky and diverse to be considered commodities, he says.
“The fact that somebody paid $23 million for a blue diamond has had no bearing whatsoever on what blue diamonds have fetched since then,” says Bronstein, referring to the legendary Wittelsbach diamond, a 31-carat nugget won at auction in 2008 by jeweler Laurence Graff.
Read more: http://www.nypost.com/p/news/business/in_investment_play_the_ice_fad_cometh_PHgEtnLi9c0yQlwqIhjaKP#ixzz1k3MbtZD0
I have always sought the healing properties found in precious stones, in addition to the obvious beauty natural stones have always made me feel better. I’d like to speak about one my FAV’s, the diamond.
The traditional properties closely associated with diamonds are action, passion, and energy. Diamonds are believed to enhance relationships, increasing inner strength and provide balance, clarity and abundance. Diamonds have of course always evoked thoughts of LOVE but they also increase INNER STRENGTH and regardless of size provide balance, clarity and abundance.