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26/05/2016

Verona an increasingly precious city: it is the first area of investiment in diamond

The investment on precious stones is growing in Italy: in fact in recent years, about 150-160 millions (+ 15%) have been committed.
According to the estimates of the main operator, the Intermarket Diamond Business, the area of investment in diamonds that took the first place in the Northeast Italy it is Verona with 18 millions of euro.
"The demand for diamond jewelry is growing in Italy" says Raffaele Catenazzo, Head of Marketing & Sales of World Diamond Group, Italian brand with a turnover of 12 million, 50% abroad. Exports surged 0.7% in nominal terms and + 7/8% in real terms in the first nine months of the year and the foreign Countries with which Italy sells the products are USA, UK, Japan and China.
Why invest in diamonds? The advantages of this preciousness are various, for example thanks to their small size, diamonds are easy to transport and most of them come from South Africa and Namibia.
In addition, a piece of half a carat, which is the smallest, costs 5600 Euros, making it an asset to invest for those who looks for the first time to the investment world, for those that want to focus instead on the more valuable the price will tend to rise.
The positive side of this mineral is that its value is growing thanks to its extreme rarity and therefore its increasingly difficult to find.
Banco Popolare Group is the most active at the time in this type of investment and the main office is located in Verona, where private wealth is already present, and then the will to diversify and reinvest in new things remains high.
Verona, once again, shows its propensity to develop always to progress remaining active in investing in various sectors.
 
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