Diamond prices are determined in big auction houses. The auction prices of big fancy intense color diamonds or fancy vivid pink and blue diamonds have exceeded $1,500,000.
“Diamond prices are determined in big auction houses. The auction prices of big fancy intense color diamonds or fancy vivid pink and blue diamonds have exceeded $1.5 million.” — Russell Shor, GIA senior industry analyst
Auction records have demonstrated that color diamonds have never dropped in value. It is only since the 1970s, when investors in color diamonds appeared, that records of any consistency among auction houses, dealers and appraisers have been available. This 40-year track record shows that the ultimate rarity, beauty and quality make for one of the most stable assets of the last half-century.
The financial crisis in 2008 is an excellent example of when equities dropped in value and diamonds held their value. Official record keeping began 40 years ago. Color diamonds also have increased through these events.
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