24-Carat Blue Diamond Is Up for Auction

The video discusses the blue diamond market, focusing on the Oppenheimer Blue Diamond's record sale and the dynamics of supply and demand. It highlights the differences in pricing between vivid and intense blue diamonds, emphasizing the strong market for colored diamonds. The discussion covers the limited supply from private owners and mines like Cullinan, and the increasing demand driving prices higher. The video also touches on the investment potential of blue diamonds, their occasional use, and the associated costs of insurance and storage. Finally, it provides a brief market outlook, mentioning the impact of broader economic factors.

What was the price per carat of the Oppenheimer Blue Diamond?

• $1 million

• $5 million

• $2 million

• $3.9 million

What is a significant factor contributing to the rising prices of colored diamonds?

• Decreasing demand

• Increasing supply

• Static supply and increasing demand

• Government regulations

Where does the supply of significant blue diamonds primarily come from?

• Jewelry stores

• Private owners and the Cullinan mine

• Public auctions

• Newly discovered mines

What is the primary reason for purchasing high-value diamonds according to the transcript?

• Fashion statement

• Daily wear

• Investment as a hard asset

• Gifting

What economic event is mentioned as influencing the European market?

• Brexit

• US presidential election

• China's economic policy

• OPEC oil price changes