Diamonds Give Large Returns, but Risk Harder Heartbreak
Feb. 10, 2012 03:42PM PST
Gem InvestingCNBC reported that in 2011 decade long held diamonds saw a return of more than 100%, but that the spread between buying and selling is tumultuous.
CNBC reported that in 2011 decade long held diamonds saw a return of more than 100%, but that the spread between buying and selling is tumultuous.
As quoted in the market news:
According to Martin Rapaport’s “Diamond Price Statistics Annual Report — 2011,” every $1,000 spent on a 5-carat diamond 10 years ago would have returned $1,645 in 2011.
A decade-long diamond investment outpaced returns in theyen, euro, and Nasdaq or Dow Jonesindices, according to the report.