Diamonds are ready to shine
“Diamonds are a girl’s best friend,” sang Marilyn Monroe in the 1953 film Gentlemen Prefer Blondes. And who, regardless of gender, wouldn’t want to own the renowned Pink Star diamond? This stunning 59.6-carat (the industry’s diamond weight measurement unit: one carat equals 200 milligrams) gemstone sold at auction in 2017 for $71m, the highest price ever paid for a jewel. However, stockmarket-listed diamond shares could also be a great friends for investors. To understand why, let’s start at the beginning.
Diamonds began to form in the ground around three billion years ago and are the hardest natural material known to man. They are highly effective at conducting heat, and expand only slightly in high temperatures. They’re also resistant to most acids and
