The anecdote goes that avid investor Joe Kennedy was on his way to work in the winter of 1928 and stopped to have his shoes shined. When the shoeshine boy finished he offered up a tip to Kennedy.
Eden Rachminov, the chairman of the Fancy Color Research Foundation (FCRF), shares his insights on investment opportunities around fancy color diamonds and explores how these assets have performed in recent years.
In early February 2015, the Fancy Color Research Foundation (FCRF) published its first update of the Fancy Color Diamond Index. Based on data collected by the foundation, prices of fancy color diamonds were stable in the fourth quarter of 2014 despite the deflationary undercurrent seen in most commodity categories. Fancy color diamonds vastly outperformed colorless white diamonds, which experienced steep price declines across the board during the same period.
The FCRF has monitored the behavior of fancy color diamonds over the past decade and observed some striking changes in their value. The data revealed correlations between investment patterns and national economies, all against the backdrop of a recovering global economy.
Chairman of the popular RIT Capital Partners investment trust warns savers and investors of 'chaos, extremism and aggression' around the world, with 'horrendous' problems in Europe.
The Fancy Color Diamond Index, developed by The Fancy Color Research Foundation (The FCRF), was first launched in November 2014 to measure and analyze the performance of these rare diamonds as an alternative asset class. The January 2015 Index read shows that fancy color diamonds are continuing to exhibit consistent price levels, against a backdrop of commodity value declines in the fourth quarter of 2014.
The historic blue moon diamond was found in the Cullinan mine in South Africa -- where 65% of the world's diamond production is sourced.
Working with Northern Cross Diamonds was great! The staff was very knowledgeable and provided me with a great deal of information about the canary yellow radiant cut diamond that I purchased. They wanted to make sure that I understood everything about the stone before I made my decision. The price was very competitive, less than other diamond providers. Once I had made my decision to purchase, the process and delivery time was very quick. Now I have a beautiful and valuable diamond in my possession, thanks to Northern Cross. I hope this helps spread word about your services.
I have used Northern Cross Diamonds for the last couple years. I have a full time job, rental properties, stocks and mutual funds, yet I am always looking for new investment opportunities. Meeting and dealing with the professionals on staff (especially Stephen) has pointed out creative ways of maximizing the investment potential within coloured diamonds. They are always there to answer questions when I am curious on making a new investment and the experience has been nothing but great!
I have bought several coloured diamonds from Northern Cross Diamonds. I have found that Northern Cross gets me the best prices -- even when the diamonds come from another vendor and are listed with the other vendors at a higher price. Stephen Mitanidis has spent hours of his time educating me on coloured diamonds and helping me to choose diamonds that have the best investment potential. He has also allowed me to trade coloured diamonds that I own for coloured diamonds that I want and has assured me that Northern Cross will help me to sell my coloured diamonds if I choose to do so. If you buy a coloured diamond, I recommend that you consider showing it to your family members and friends. Most of them will be impressed with how it looks and might want to seize the opportunity to buy one or more before the value of coloured diamonds appreciates further.
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