Diamantaires fuel demand for large, rare diamonds

source: Mmegi
WANETSHA MOSINYI
Staff Writer

Polished diamond prices are likely to be volatile this year due to a squeeze on the US, but demand for larger, rare diamonds is booming as the number of diamantaires grows.

Martin Rapaport, one of the world’s leading diamond consultants whose price list is used as a benchmark for wholesale trade in polished diamonds, told Reuters that a fall in the value of the dollar, in which diamonds are priced, has increased investment in gem diamonds as a hedge against inflation.The increase in diamond billionaires and a growing list of multi-millionaires, some of whom have interests in Botswana through the 16 DTC Botswana-licensed sightholders, has also increased the demand.

Diamantaire Laurence Graff, who is a sightholder to DTC Botswana through Safdico, also has a store on Bond Street in London and in many other chic spots around the world. He is known to appear regularly at [continue reading]



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