Diamonds continue to hold their market as investments despite a slow economic turnaround for America.
Since October of 2011 the United States jewelry industry has increased profit by 8.3%. This is a sharp increase considering that department store sales have fallen 0.9%.
According to Sotheby’s “Magnificent Jewels” auction, white diamonds continue to hold strength. The auction sells any white diamond over 10 carats, regardless of quality. Fancy colored diamonds and gemstones continue to increase in popularity as well. A large reddish-orange diamond sold for a record per-carat price of $666,200.
The report states that investors are turning to jewels as a secure investment, particularly the larger stones that are less touched by inflation. Jewelry settings that are created as once in a lifetime pieces also hold value on the jewelry market.
As you grow your own white or fancy colored diamond collection let Mark Broumand help you. We have access to a large supply of loose diamonds and complex or unique settings for your collection. Visit our inventory today to start a new investment division or add to your current competitive jewelry.