This article was originally written by Jane Hanson for Forbes and published on April 25, 2023. Elizabeth Taylor once said, “Big girls need big diamonds.” Dana Auslander agrees. The veteran hedge fund executive is shaking up the investment world, creating a unique new asset class that sits at the intersection of finance and luxury, and gives all women […]
Described by Sotheby’s as the quintessential pink diamond, the stone is 10.57 carats and is referred to as the Internally Flawless Fancy Vivid Purplish Pink Diamond. The diamond possesses a distinct color and brightness, with an aura that has been described by diamond experts as glowing to the human eye. It is considered the most vivid pink diamond to ever come to market.
Recognized as the pinnacle of the diamond pyramid, D flawless diamonds are not just a status symbol, but they are a rock-solid investment.
In comparison to other collectible hard assets—such as automobiles, watches, and fine wines—diamonds have the advantage of being indestructible.
The rich keep spending. Luxury goods maker Hermes International’s stock soared Friday after the company reported sharply higher profit and revenue despite global recession fears.
The alternative asset class of Fancy Color Diamonds (FCDs) has exhibited strong growth between 2005 and 2014. FCDs, across pink, yellow and blue colors have increased in value by 167% on average between January 2005 and September 2014.