Can diamonds match up to gold as an investment?

Gulf News

Shaunak Shastree, General Manager of International Gemological Institute, explains why diamonds are a good investment compared to gold.  Read the full story here: https://bit.ly/3yXTrUc  See more videos at https://gulfnews.com/videos Read more Gulf News stories here: https://bit.ly/2HLJ2km  Subscribe to Gulf News on YouTube and watch more of our videos: https://www.youtube.com/user/GulfNewsTV  #UAEnews #diamonds #business

Transcript

00:00Diamonds are uniquely praised because each diamond is unique, at the same time they have

00:07a lot of value.

00:08A diamond can definitely be investment and it's something which has a huge emotional

00:12value to the consumers.

00:14So a diamond is uniquely placed for being both an investment as well as an emotional

00:19gift.

00:23Going into the future, the diamonds as an investment criteria is all set to go much

00:29much higher.

00:30It's because in the past nearly about three decades there have been no new investments

00:33in diamond mines.

00:34Natural diamonds are quite rare, of course most people know that, but with no new investments

00:40happening and actual cost of mining is skyrocketing up, it's not going to be a supply which we'll

00:47get more often.

00:48So diamonds as an investment is definitely something which has a huge upside because

00:53there's not going to be any much supply happening.

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