Experts estimate that the volume of diamond trading in Russia is 45 billion rubles a year, with returns of 3-5%, as investors turn to assets that are resistant to inflation and market volatility. "The trend of buying diamonds for jewelry is spreading in Russia. Over the past year, the number of Alfa-Bank clients buying these precious stones has increased by 30%," said Elena Borisova, Head of Product Development at A-Club.
The Russian investment diamond market has been growing rapidly since October 2022, when the government abolished VAT on private diamond purchases. Investors now have the opportunity to trade diamonds through Russian banks, while the Moscow Exchange has launched two diamond indices.
Investment diamonds are diamonds weighing two carats or more. They are sold on the market in small quantities. When evaluating investment diamonds, factors such as beauty, color, weight, as well as the exclusivity and rarity of the diamond are taken into account. Prices start at around 280,000 rubles.
Russian Deputy Finance Minister Alexey Moiseyev has previously advised people to keep their savings in gold and investment diamonds, noting that cash in US dollars is becoming less attractive. In addition, the decline in global natural diamond production, meaning supply is shrinking, is also a reason for the price increase. According to Olga Veretennikova of Borsell, the world's natural diamond production is about 150 times lower than that of gold and nearly 900 times lower than that of silver.
According to experts, demand for diamonds in Russia is likely to continue to grow, but at a more moderate pace and focused on high-quality diamonds. This trend will continue in the coming years unless the tax regime changes, global economic risks decrease significantly, or the ruble strengthens.
Source: https://vtv.vn/nguoi-nga-ngay-cang-chuong-dau-tu-vao-kim-cuong-100251013200833361.htm
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