If only you could see into the future....
Jack Ortman was a true visionary. In the late '60s, he purchased a beautiful 7 carat blue, pear shape diamond for $20,000. His partner at the time, Jerry Blickman, thought he was foolish to buy such an undesirable stone. Jack later sold it to a private client for $165,000. In the late '80s, the client resold it for $2.4 M and was thrilled with their investment. Today that blue diamond would be worth approximately $8-9 M.
Did you know?
Today, Fancy Color Diamonds are the world's most concentrated and portable form of wealth. A stone worth millions of dollars can be worn and enjoyed, or fit comfortably inside your pocket and be transported legally and sold in most major cities in the world. Blues, pinks and even intense and vivid yellow diamonds have appreciated significantly over the past 10 years. They are extremely rare, and like a Monet or Picasso painting, almost impossible to replace. There is no exact formula for putting a price on these types of stones. It is about the beauty, intensity and purity of the color as well as the proportion and brilliance of the cut.
Last year, the largest flawless fancy vivid blue pear shape diamond, named The Winston Blue weighing 13.22 carats, sold at auction in May 2014 for $23.8 M, achieving a world record price of $1.8 M per carat.
A very rare color, The Vivid Orange Diamond weighing 14.82cts, fetched $35.54 M at Christies, Geneva in November, 2013. $2.4 M per carat set another world record price for a diamond this color.
Coming up for sale this November at the Sothebys auction in Geneva, will be the The Blue Moon weighing 12.03 carats, internally flawless, fancy vivid blue cushion shape diamond. Let's watch and see what happens!
Reasons why you should crack open that ceramic piggy bank for some of OUR Candy ....