What are the main reasons wealthy and successful people hold coloured diamonds as a means of wealth preservation?
A. The core holdings of wealthy and successful people have always included estate jewelry, precious gemstones and important diamonds as both status symbols and as a means of maintaining wealth. Increasingly coloured diamonds are a core holding because of their rarity, mystique and inherent value created over the years. Other assets, such as stocks and bonds, are subject to the movements and fluctuations of market conditions. Real estate cannot be moved and is the first asset seized in times of turmoil. One of the main reasons for holding precious gems has been their ability to provide a safety net during times of political and economic upheaval. During WWII, countless people left Europe for America with only their jewelry holdings to help them weather the storm. When China became communist in the 1960’s, hundreds of Chinese who fled the mainland in hopes of starting their lives anew were able to do so with nothing more than diamonds and jade sewed into the lining of their clothes. Fina
