Gem

In its weekly report, Rapaport reported that prices for fancy colored diamonds have so far shown “significant” gains in 2013 despite the fact that other goods are struggling. Recently, one result has been a number of record-setting sales at auctions and tenders.

In its weekly report, Rapaport reported that prices for fancy colored diamonds have so far shown “significant” gains in 2013 despite the fact that other goods are struggling. Recently, one result has been a number of record-setting sales at auctions and tenders.

As quoted in the market news:

Nothing is completely bubble resistant. But for now, consumers are looking for something unusual and exciting, with real value, at a time when low interest rates continue to drive the wealthy to invest in collectible, connoisseur items. In such an environment, colored diamonds surely make the grade and are likely to outperform other assets in the short term. For now, the colored market remains the one bright spot of real growth in an otherwise stagnant diamond industry.

Click here to read the full Rapaport report.

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