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Diamond News Broadcast
Jewelry and art held nearly equal weight for passion investment in 2009
Jun 23, 2010 6:00 PM
By Rapaport News
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RAPAPORT...
Diamond industry leaders gathered in Tel Aviv this week for the Kimberley Process meeting, but as the session was supposed to come to a close issues regarding Zimbabwe remained open. Delegates from the working group monitoring compliance progress in Zimbabwe continued to work behind closed doors with no resolution as of press time. In this broadcast though, we provide a quick review of what leaders intended to address during the meeting. In other news, the diamond, gemstone, and jewelry industry can take away good news from the 2010 Wealth Report by Capgemini and Merrill Lynch. High net worth investors did increase their allocated funds in 2009 to purchase high-end jewelry for long term investment purposes. Jewelry and art held nearly equal weight with these wealthy investors, according to the report's findings.
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Tags:
Compliance, Jewelry, Kimberley Process, Rapaport News, Zimbabwe
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