Diamonds as the New Gold for Investors
[Hyderabad, India] Gold is slowly losing its glitter as investment product or jewellery, while the diamond is fast taking its place the world over including India.
After hitting $1,900 an ounce in 2011, the precious yellow metal has lost its value by 30 per cent, thus prompting the investors to move away to other forms of investments and this time around it is diamond, the precious stone.
Investment advisors are now suggesting to their high networth clients to invest in diamond for hedging, says an investment planner. It is true that a primary market is yet to be created for gemstones, but a short visit to Panjagutta jewellery market shows that diamond and other precious stones are here to stay.
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