In a world where yields are tough to find, investors see themselves scrambling for new assets to include in their portfolio. But sometimes these come at a price. Such is the case with diamonds.
William Lamb, President & CEO at Lucara told CNBC Tuesday that if you are looking at investing in diamonds, the price point is generally going to be higher than $50,000.
"When we look at investment stones, we generally look at a price point of anywhere between $100,000-$250,000. Those diamonds, because of their rarity, have always appreciated in value so there is a price point in terms of where the investors will start to see the sustainable growth and the store of wealth which is what an investment diameter represents."
This however is contrary to the sale of rough diamonds that have been facing a tough time. Earlier in June, Ernie Blom, President of the World Federation of Diamond Bourses, described the diamonds industry as being battered by a "perfect storm" of problems ranging from decreased manufacturing profits to lack of liquidity in the markets and the general criticism around the diamond industry.