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.
For several months I had considered investing in Fancy Colored Diamonds. I heard all the negative jargon about unscrupulous people in the diamond business and how you could be taken to the cleaners, sort of speak. However, I called Northern Cross Diamonds and spoke to Stephen who is the owner. My experience with him from the early process to the actual purchase of a Fancy Colored Diamond from him was quite a journey. He urged me before buying the diamond to do my own due diligence by comparing the price and quality. Needless to say I did not find one of like shape, color, clarity or price that would have changed my decision. If you would like to speak to me directly for more information you can get my telephone number from Northern Cross.
My husband and I chose NCD to assist us in finding the perfect engagement ring that would compliment my style. We mostly dealt with Stephen who was very knowledgeable and really took the time to listen to what I was looking for and offered a really great selection of options to choose from. Thank you Stephen and NCD; I couldn't be any happier with my brand new canary yellow diamond ring. You wouldn't believe the compliments and interest that people give it. I just love it!! Thank you again for everything!
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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