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Jewelry Returns Outperform UK Equities, London Real Estate: Knight Frank

Dec 2, 2015 8:42 AM   By Rapaport News
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Jewelry outperformed UK equities and prime central London real estate over the past decade, generating a higher level of return amid lower volatility.

While jewelry and the Knight Frank Prime Central London Residential Index grew more than 100 percent in the past 10 years to the end of September, the former has outpaced the latter, a Knight Frank report showed. UK Equities produced less than 50 percent return over the same period.

Jewelry grew 159 percent over the past decade, data from Knight Frank show. It is also the third-least volatile asset class, with gold at the highest level of the price-swing spectrum and furniture at the lowest, out of the asset classes measured by Knight Frank over the period under review.

Pink diamonds surged 315 percent over the ten years to June 30, blue diamonds soared 154 percent and yellow diamonds jumped 50 percent. Over the five years to the end of the third quarter, jewelry has amassed 71 percent and colored diamonds appreciated 43 percent.

“The short-term growth of colored diamond prices has been more muted,” Oren Schneider, the co-founder of Adama Partners, a New York venture firm, and member of the board of advisors to the Fancy Color Research Foundation, was cited as saying in the research report. “This is due to a lull in Chinese buyer activity.”
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