Classic car prices drop but diamonds and wine shine

Old Master paintings and classic cars have lost the luster, But the uber rich have seen their jewellery, fine wine and musical instruments jump in value again.

This according to to the Blue blooded UK bank Coutts’ passion index of the finest things. Now in its twelfth year.

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Diamond stockpiles Increase In Indian Companies

 

A US slowdown in demand for polished diamonds is gradually building up inventories at Indian jewellery manufacturing companies, leading to a decline in diamond prices by as much as seven percent this month.

 

The US usually orders bulk for the holiday season, but this year the volumes are down.

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De Beers Raises Marketing Budget to USD $140M

De Beers marketing spend this years is more than $140 million, This is the biggest De Beers push in a decade.

The marketing will focus on increasing consumer demand for diamond jewellery in US, China and Indian markets.

The De Beers brands, Forevermark and De Beers Diamond Jewellers. Will receive the most funding, But Debeers will also increase its contributions to the Diamond Producers Association and India’s Gem & Jewellery Export Promotion Council.

Stephen Lussier, De Beers’ executive vice president of marketing and CEO of Forevermark. Said the consumer expenditure for diamond jewellery over the past five years collectively has been the highest on record. and this made the outlook positive.

Source: DCLA

Taylor Swift’s diamond filled bathtub

Taylor Swift Diamond Bath

In Taylor Swift’s new music video for “Look What You Made Me Do.” The pop star is seen sitting in a bathtub full of diamonds.

Well surprise they used real diamonds, no fakes. The Jewellery pieces were on loan from celebrity jeweller Neil Lane. And have a value of well over $10 million USD.

Source: DCLA

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Diamond and Jewellery Valuations

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DCLA Australia’s leading diamond certification laboratory valuation service.

Due to the rates of exchange and the price changes in Diamonds and Gold,  Your Diamond or Jewellery valuations should be updated annually.

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