Investing in diamonds signifies "protecting one's patrimony".In fact, buying a diamond today does not mean effectuating speculation in the short term, but signifies protecting one's savings in the medium- to long-term (7-10 years).
A diamond is a guarantee. History shows us that it never loses its intrinsic value and is not subject to any financial or monetary inflation, nor affected by political changes.
As such, it can be considered as the "safe-haven asset" and an interesting instrument for diversifying one's own savings.
Currently, the United States and emergent countries such as China and India have increased and continue to increase their demand for diamonds, guaranteeing the trend of growth in value over the upcoming years.
A diamond is also an "asset for enjoyment", just like a work of art.
Unlike other products, diamonds can be mounted, worn and enjoyed by those who own them, without any loss in value, and can also be easily moved and transported from one place to another, as well as being protected with ease thanks to their minimal size and weight.
Another important aspect is the liquidity that a diamond can offer, more so than other goods, at a global level and in any political context.
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The price list for diamonds is called the Rapaport.The price is that resulting from the ratio between the weight, colour, purity and cut.
It is thus not a price list in the strict sense, but rather a guide to determining the price that is made by professionals in the sector.The prices of the Rapaport list are intended for GIA - HRD - IGI (Antwerp) certified stones and are expressed in US dollars net of VAT.
The worth of a diamond is also determined by other equally important factors, including the symmetry, fluorescence and shine.These factors have an influence precisely because they make one gem much more precious than another.
With parity in weight, colour and clarity, a diamond with excellent characteristics will be worth more.Fancy diamonds, being of the coloured variety, are not classified in the Rapaport price list.
How much to invest
Buying diamonds is an investment that allows one to protect their own assets. It would be opportune to dedicate a portion of one's portfolio ranging from 10 to 25%. It is, however, wise to consult a proper professional gemologist, so that the investor may be guided in making the right choice. Depending on the amount to allocate, it may be advantageous to acquire a single important and rare diamond or to purchase several diamonds of a lesser size (from 0.50 ct).
"Ethical diamonds" are diamonds imported exclusively with a certificate of origin according to the UN resolution that guarantees the provenance is from a country not involved in war nor connected to international terrorism.These diamonds respect the "Best Diamond Trade Practice" against the exploitation of child labour.
The Kimberley Process
The Kimberley Process (KPCS) is a certification agreement aimed towards ensuring that the profits obtained from the diamond trade are not used to fund civil wars.The agreement was finalised and approved as a result of the joint efforts of the governments of many countries, of multinational diamond producers and civil society.
The KPSC certification scheme agreement came about following a conference taking place in Kimberley, South Africa, in May 2000.Throughout the conference, the problem of diamond production was discussed together with the conflicts in producing countries.That same year, the World Diamond Council was established in Antwerp at the initiative of the World Federation of Diamond Bourses and the International Diamond Manufacturers Association.The World Diamond Council set out to consolidate a control system for rough diamonds, in harmony with the findings emerging from the Kimberley Conference.
In December 2000, the General Assembly of the United Nations called for the creation of a scheme that would allow for the certification of the origin of diamonds from exporters who do not finance civil wars. In November 2002, 37 states signed an agreement in Interlaken to activate a system of certification regarding the circulation of rough diamonds.Also in attendance at this meeting was the World Diamond Council together with corporations involved in mining, trade and sale.
The requirements that a state must satisfy in order to participate in the certification scheme are as follows:
1 - Diamonds coming from the country of origin must not be destined to finance civil wars and organisations that intend to overthrow the government recognised by the United Nations. 2 - Each exported diamond must be accompanied by a certificate attesting to the Kimberley Process scheme. 3 - No diamond may be imported or exported from a country that does not adhere to the Kimberley Process.
In 2004, the Republic of Congo was excluded from the agreement because it was not able to guarantee the fundamental requirements of the KPCS.Countries that prove incapable are effectively economically sanctioned.As of December 2006, only the Ivory Coast and Liberia were still subject to sanctions dispensed by the United Nations with regard to diamonds.