Unusual assets: Should you invest in diamonds?

ALTERNATIVES

Diamonds and luxury property are undergoing a revival in fortunes. Annabelle Williams takes a look at the opportunities for investors.

Diamonds Gold may have lost its shine for investors recently but in the West, diamonds have retained their cultural importance in life's landmark events of marriage and anniversaries. Meanwhile, the new wealthy in the East are increasingly adopting the practice of giving diamond jewellery as presents and global demand is expected to grow 5% every year until 2023, according to Bain & Co's annual sector report. However, those involved in the diamond industry would be expected to predict a strong outlook for the rocks. In terms of pricing, diamonds are difficult to value and even expe...