Wednesday, January 13, 2010

Investing in Diamonds

Diamonds are some of the most beautiful and extremely rare substance available in the world today and there is no recession on the business with diamonds. Diamonds today use is growing in an unexpecting ways so they can be found on the places where nobody expect or even thing just a decade ago.
For example, the diamonds even find their place on the somehow very new technology like cell phones. There are dozens of cell phones from different producers which are fashioned with diamonds and other valuable and precious stones.
Some of the most valuable gemstones are colored diamonds. They price is determined by the 4C rule, but color of the diamond also have a role. Even the trades with a diamonds have strict rules; the auctions where high valued diamonds are selling can be very unexpected and exciting events.
The price for the exceptionally fine gemstones like colored diamonds is almost impossible to predict. The true value is determined by the wish and cash of the potential buyer. These moments are making diamond business and diamond investments not only a business but exciting lifestyle for everybody which can afford to play this game.
Investors in diamonds are no short time players because diamonds are long term business (that is the try meaning of the song: Diamonds are forever:-)).
Just for example, 20 years ago a first class pink diamond could be bought for $70.000 per carat. Today the same diamond can be sold for over $0.5 million per carat.
The highest price paid for a diamond per carat was in 2008, at the Christies Auction House. The 3.73 carat Fancy Vivid Blue (on the picture) was sold for a $4.95 million, which is $1.3 million per carat!

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