Arnault was crowing on LVMH’s recent earnings conference call about the company’s contentious 2021 acquisition of Tiffany. He said Tiffany’s earnings had doubled since the roughly $16 billion purchase.
It is now time to consider diamonds as viable alternative investments that represent both the beauty and resilience of “hard” assets, especially in periods of economic downturn.
The new Tiffany Collection comprises 35 gems, including an unusual red stone, from the Argyle Diamond Mine in Australia.
A collectible can be any physical object that people can and do collect: from fine china to bottles of wine, from rare manuscripts to vintage cars — and everything in between.
Although there is no official history of diamonds, experts agree that they originated between 2500 and 1700 B.C. They were first discovered in India, in the Golconde region, between the rivers Godavari and Krishna.
Couture-inspired high jewellery featured in these striking new collections, from Dior’s braid trims and transposed print florals to a magnificent ribbon cuff seven years in the making from Cindy Chao.
The company that owns an 80 percent stake in the Antwerp-based lab reportedly believes it is worth more than $200 million.
In comparison to other collectible hard assets—such as automobiles, watches, and fine wines—diamonds have the advantage of being indestructible.
In some ways, jewelry is a safer investment: It doesn’t require tailored storage or upkeep like wine, art and cars; it’s easily transportable; it’s valuable currency in any country; and it can be worn and enjoyed.
As we wrap up our pre-seed and prepare for a robust seed round in 2023, we want to take a moment to share with you all that we accomplished over the last twelve months.