The coloured diamonds are extremely rare: there is only one of them for every 10,000 colourless stones, according to De Biers. As a result, their value is high – and, most important of all during a time of economic uncertainty, stable.
Indeed, pink diamonds have seen their value soar in the past decade, from $13,000 per carat in 2002 to $78,000 in 2014, according to Duttson, which The Telegraph calculates as an average 20pc rise year-on-year for the past five years.
24,79-carat Graff Pink diamond, for example, fetched £30 million in 2010 at Sotheby’s Geneva auction.
“People are loving them as an alternative investment,” Neil Duttson, founder of high-end dealer Duttson Rocks, tells the newspaper.
“It’s a tangible, moveable asset, so you can carry your wealth in your pocket or on your finger.”
Indeed, according to Barclays Wealth’s investment trend report, more than a quarter of the bank’s high net worth clients have increasingly turned to “treasure assets” in the past five years, with jewellery ranking the most popular for individuals across all countries.
With the announcement of an Australian diamond mine planning to shut up shop in 2019, demand is climbing to snap up the assets while available, a rise that has helped to fuel rising values.
Source: The Movechannel