Times are changing
The price of diamonds has continued to rise since the early 1980s. With the exception of the global economic crisis of 2008-2009, diamond prices have not seen any significant valleys. The international prices of diamonds have tended to increase at a reasonable and steady rate. Diamond prices have been more stable than those of gold or silver, especially in the last five years
Example - Price movement:
In 1978 a diamond was valued as follows:
Diamond carat: 1 carat
Cut: Round, brilliant-cut
Price 1978 approx. $6,100.00 according to valuation
Price 2016 approx. $15,000.00 - 16,000.00 according to valuation
Prominent auction houses such as Sotheby's, Christies and others have ventured into diamond sales and are routinely setting new price records. Some of the world's richest investors are increasingly using physical diamonds to complement their investment portfolios as a means of increasing and preserving their wealth.
Today, the internet has given consumers much better access to all the internationally relevant information, which should of course allow for a much more efficient market for the purchase of diamonds.
The above factors can turn investment in natural diamonds as a means of wealth protection into a straightforward process.
- Electronic banking,
- Efficient and secure transport,
- Readily available security and insurance products