Diamonds have enjoyed a boom in sales during lockdown with some wealthy investors seeking to lift their spirits with a sparkling new precious stone. Recently, a multi-coloured ‘Tutti Frutti’ diamond bracelet made by Cartier in 1930 sold for £1.1million at an online Sotheby’s auction. It comfortably beat the £650,000 estimate despite the New York auction only being open to internet bidders. Yet although diamonds can represent a good investment, they are not for the faint-hearted.
Tag: diamonds
Era Of Pink Diamonds Comes To An End As Argyle Diamond Mine Set To Close End Of Next Year
For 30 years, jeweller John Calleija has been purchasing rare gems from Rio Tinto Group’s Argyle mine in remote Western Australia, home to 90 per cent of the world’s prized pink diamonds. On a recent rainy afternoon in New York’s Peninsula Hotel, Australia-based Mr Calleija studied some of the rarest pink and red stones through…
IBM Introduces a Blockchain, Trustchain to Verify the Jewelry Supply Chain
You want to buy a beautiful necklace for that special someone, but how can you confirm it was mined and manufactured responsibly? Providing such information to consumers is not yet a common practice. Though diamonds in today’s jewelry market are much more likely to be conflict free thanks to the Kimberley Process Certification Scheme, it…
