:-(
"Always precious, diamonds gain as investment" by Bloomberg News | July 16, 2008
LONDON - Diamonds, like art, are a commodity that is gaining attention as an alternative investment.
Increases in the price of the rarest colorless and colored diamonds are attracting wealthy investors and structured funds as stock markets and real estate values decline.
The price of 5-carat gems with the potential to be sold at $1 million or more has risen 76.5 percent in the year to May 2008, according to idexonline .com, the website of the International Diamond and Jewelry Exchange.
Francois Graff, managing director of London-based Graff Diamonds International:
"There's a group of very savvy, tremendously wealthy people who have put a small portion of their fortunes aside to invest in diamonds. They've made incredible returns. The wealthy don't need to invest in funds. They can just pick up a telephone and buy the things for themselves."
Oh, never mind, honey.
Might as well keep the damn thi... OW!!!
