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Polished Diamonds

Over the past couple of years, diamonds have been steadily becoming sought-after ‘investing gems’ around the world, thanks to the stone’s spectacular performance.

Times of India reports that diamonds have surpassed gold in the country as key objective for investment, particularly among wealthy individuals who are wary of the volatility in the prices of gold. The newspaper reports that new supplies were unable to keep up with strong demand, especially from India and China.

Prices for polished diamonds have increased by 25% in the past year, the newspaper reports. The price of top-quality polished diamonds has almost reached an unprecedented level of $170,000 a carat in January.

Particularly desirable among investors are colored diamonds – yellow, pink and blue. The Business Standard reports that natural colored diamonds, which make up only 1% of global production, are now in great demand due to their scantiness compared to white diamonds.