how to invest in gemstones

how to invest in gemstones

The current record is held by another pink diamond called The Williamson Pink Star, which was auctioned for $57.7 million.

The Sotheby’s auction house announced that it will go on sale very rare pink diamond of 10.57 carats called Eternal Pink in June of this year. It is expected to break the record for the most expensive diamond sold so far, which registered a value of more than $57 million.

The auction will take place on 8 of June in NYUnited States, and its sale price breaks records. It was valued at $35 millionwhich means that the price per carat It is US$3.3 million. This is the highest price ever for a diamond, or a gemstone in general. He current record holder it was also a pink diamond: The Williamson Pink Starwhich was auctioned in 2017 for US$57.7 million.

History and rarity of this diamond

The diamond everpink comes from the De Beers mine in Botswana and was extracted in 2019. Was polished for a period of 6 months by the Diacore team. Its price is due to the fact that the pink gemstones are some of the rarest in the world. Of all the diamonds sent to the Gemological Institute of America, less than 3% are classified as colored diamonds and less than 5% are attributed to the color pink.

invest in diamonds

This is one of the many possible ways to invest capital. He diamond price index shows that diamond prices fell sharply in a year, after spending a year of strong increases. However, by buying these types of gemstones, investors may end up earning in the long run, so it is not advisable to get discouraged by the current bearish streak.

diamonds are a investment asset relatively immune to economic turmoilThis is because they are consumed mainly by people with high purchasing power, and this social group is not usually affected by fluctuations in the economy.

Source: Ambito

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