Mining

Is buying diamonds a good investment

Will you be a tax winner or is buying diamonds a good investment this year? Should I save into a Lifetime Isa and would my Help-to-Buy Isa be closed if I do?

The Devon home that looks like a luxury treehouse! Where are you most likely to get a bus lane fine? Want a cheap and simple pension to invest in retirement? MPs say firms must offer easy drawdown – with charges capped at 0.

While the FTSE 100 index of companies is up just 10 per cent from where it was a decade ago, over the same period the price of pink diamonds has skyrocketed by an incredible 388 per cent. But diamonds are not just for millionaire investors. Diamonds are the next area for alternative investments. People have done wine and art and they are looking for something else. Should investors be scared of ultra-resilient markets? While many people might be familiar with traditional white diamonds, it is coloured diamonds that are now catching the eye of experts. Impurities in the rocks in some rare instances lead to a gleaming coloured stone being created.

Their price is based on this rarity. Around one carat of white diamond is produced for every ton of rock mined. With coloured diamonds the production rate is around 0. It weighed 621 grams and was found at a mine in South Africa in 1905. Great Star of Africa, which sits in the head of the Sovereign’s Sceptre With Cross. Another is mounted in the Crown.

Both are part of the Crown Jewels. The Cullinan Diamond sits in the head of the Sovereign’s Sceptre With Cross. Before the Pink Star set a new record in April, the most expensive diamond ever sold was the Oppenheimer Blue, a 14. The largest known yellow diamond is the pear-shaped Cora Sun-Drop at 110.