Marilyn Monroe sang, 'Diamonds are a girls best friend' and it would seem that she was absolutely right all those years ago. The value of diamonds is set to rocket if you believe Shlomo Tidhar, the CEO of SDX, the Singapore Diamond Exchange. It has been reported on the BBC'S Asia Business Report that diamonds are a solid investment. They say:~
"Throughout the world, diamonds are widely recognised as symbols of distinguished status. As global economies evolve and portfolios diversify, these precious gems have come to be considered as an alternative investment asset class.
In the past decade, polished diamonds have witnessed growing consumer demand, predominantly from China, India and Russia. At the same time, global rough diamond supplies are contracting. These two opposing forces are leading to continued long-term price increases of diamonds of all sizes.
At Singapore Diamond Exchange, we have developed a uniquely different approach to helping you source and manage these precious assets. Drawing on our collective expertise and strategic alliances, we offer a unique opportunity to invest in diamonds at wholesale prices as an alternative investment asset class for medium to long-term periods."
All of this will be fantastic news for those of us who have always considered diamonds to be a real investment. Many diamond portfolios are being sold due to the downturn and although recently the price of a diamond has decreased, there is a sign that diamond prices will hold their own and indeed, increase in price.
At My Diamonds we have always held the view that the diamond is the most beautiful and unique investment you can buy. But a diamond should not just be seen as an investment. We carry a scintillating, breath taking collection of diamonds, either loose diamonds to be made in to stunning engagement rings, or in pre-designed jewellery, crafted by our in-house artisan jeweller. By all means purchase diamonds as an investment, but for wedding rings, wedding bands, diamond engagement rings and diamond gifts, they are very difficult to beat. Their sparkle and flash of brilliance will remind you just how beautiful they really are. A diamond says 'forever'.