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Updated · Bloomberg · Jul 4Investment-Grade Diamond Soared to $60,000 by 1980 From $7,000 in 1975
1 articles · Updated · Bloomberg · Jul 4Summary
- $60,000 was the early-1980 price for a flawless, one-carat investment-grade diamond, up from about $7,000 in 1975.
- That jump marked a late-1970s diamond rush, with high-quality sapphires, emeralds and rubies also posting sharp gains.
- Gold still led the decade's standout assets, rising nearly sevenfold from $35 an ounce at the start of the 1970s to $850 by the end.
- The comparison highlights how gems ranked among the era's strongest-performing alternative investments, despite gold dominating investor attention.
Insights
As gold mirrors its 1970s rally, are rubies and sapphires a wise investment or a risk like modern diamonds? What economic differences between now and the 1970s could derail the predicted historic surge in gold prices? Has the lab-grown diamond crash created a permanent value divide between natural and synthetic luxury goods?