For high-net-worth individuals, precious jewelry is primarily an emotional investment. Lately, fine gemstones are being cherished for another reason — their skyrocketing value.
Rare diamonds in vivid blues, pinks, greens and especially red colors have rung up record prices in recent auctions. The eye-opening sales include a record $57.5 million for a 14.6-carat blue diamond at Christie's in May 2016, and $31.6 million for a pink 15.4-carat diamond at Sotheby's the same month. Even great grandma's precious diamond brooch, handed down through the generations, may be worth a lot more than it was just a few years ago.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
