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.
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.
In these contemporary circumstances, alternative assets, especially diamonds, are proving to be a better choice to hedge against inflation.