COLOURED DI­A­MONDS

The Peak (Malaysia) - - Art Attack -

Worth over USD100 bil­lion, the gem­stone in­dus­try of­fers abun­dant op­por­tu­ni­ties for af­flu­ent in­vestors. Di­a­monds are an at­trac­tive in­vest­ment op­tion as they don’t take up a lot of space, are por­ta­ble, durable and in­fla­tion proof. Ac­cord­ing to Quek Chin Yeow, Sotheby’s Deputy Chair­man for Asia, and Chair­man of In­ter­na­tional Jew­ellery, Asia, “the global de­mand for di­a­monds shows no signs of abat­ing”. Di­a­mond prices have been “steadily grow­ing for decades” and the gems are “recog­nised for their rel­a­tively high rate of liq­uid­ity”.

Quek also at­tests to see­ing “healthy re­turns for white and coloured di­a­monds”. The Pink Star, a 59.6 carat pink di­a­mond, sold for a record USD71.2 mil­lion at Sotheby’s Hong Kong last year. In 2016, a rare and in­ter­nally flaw­less 10.10 carat blue di­a­mond (De Beers Mil­len­nium Jewel 4) sold for HKD248.28 mil­lion at Sotheby’s Hong Kong. The Blue Moon of Josephine, a 12.03 carat cush­ion­shaped fancy vivid blue di­a­mond, was sold to an Asian col­lec­tor at Sotheby’s Geneva for USD48.47 mil­lion in 2015.

While at­trac­tive, in­vest­ing in coloured di­a­monds re­quires a much higher level of en­try. “The per carat record prices of both blue and pink di­a­monds, for ex­am­ple, have gone up ex­po­nen­tially in the past five years, with the blue stand­ing at over USD4 mil­lion per carat, and the pink at over USD2 mil­lion per carat, both achieved at Sotheby’s,” shares Quek.

CE­LES­TIAL TREA­SUREThePinkS­tar, a 59.6 carat pink di­a­mond, was ac­quired by Hong Kong jew­eller Chow Tai Fook for USD71.2 mil­lion.

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