Diamonds Crack: Years and Diamonds

diamonds crack: Several days later, after 10 minutes of negotiation on the telephone with the stone's New York-based seller, Makhzani and a business partner bought the vivid-orange diamond for more than 1 million per carat, according to Market Watch. See Could man-made diamonds crack the lucrative gem market Deals like this high-price purchases of colored diamonds by investors have become more commonplace in recent years. He liked what he saw. Colored diamonds, created when a chemical element such as boron or nitrogen is trapped during a diamond's formation over millions of years, are part of a boom in niche over-the-counter luxury markets that were once the preserve of wealthy collectors. Over almost eight years, from the start of 2009 to Sept. 30, 2016, the latest recorded data, the price of pink diamonds has increased nearly 180% and sits at a record high. Read Why yield-thirsty investors are now lapping up fine wine Prices are being driven higher by investors who are hoping the hot market stays hot, many of whom have been disappointed by returns from other assets, say industry insiders. (news.financializer.com). As reported in the news.