Rarity and demand are the two main factors. Top-quality diamond rough, especially among highly sought-after colored diamonds, is increasingly rare. At the same time, demand for investment-grade diamonds is continuing to grow worldwide, driven by the growing number of collectors in Asia, Europe, Russia and the U.S., as well as emerging markets in India, the Middle East and South America. The stability we have seen throughout this recessionary period is in some ways a function of the economy itself. Diamonds and gemstones have long been regarded as a stable store of value, and it is not unusual for collectors to seek out these alternative investments, especially in times of economic uncertainty.
- Rahul Kadakia
www.christies.com
Spot on.
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