Diamond prices are determined in big auction houses. The auction prices of big fancy intense color diamonds or fancy vivid pink and blue diamonds have exceeded $1,500,000.
“Diamond prices are determined in big auction houses. The auction prices of big fancy intense color diamonds or fancy vivid pink and blue diamonds have exceeded $1.5 million.” — Russell Shor, GIA senior industry analyst
Proven Track Record
Auction records have demonstrated that color diamonds have never dropped in value. It is only since the 1970s, when investors in color diamonds appeared, that records of any consistency among auction houses, dealers and appraisers have been available. This 40-year track record shows that the ultimate rarity, beauty and quality make for one of the most stable assets of the last half-century.
The Last 40 Years
The financial crisis in 2008 is an excellent example of when equities dropped in value and diamonds held their value.
Official record keeping began 40 years ago. Color diamonds also have increased through these events.
• ’80s Savings and Loans
• ’90s Tech Bubble
• ’00s Subprime Mortgage Crisis (i.e. ’08)
• ’10s QE and Bailout
Auction Records During Financial Crisis in 2008
The Green Diamond sells for $3.5 million at Christie’s Hong Kong. At 10.36 carats it sets a record price for a green.
The Wittelsbach-Graff Blue sells for $23.4 million at Christie’s. The highest price ever paid for a blue diamond at auction.
The Vivid Pink sells for $10.8 million at Christie’s Hong Kong. At 5 carats it sets the highest price ever paid for a pink diamond at auction.