As the world’s economies go into a simultaneous recession for the first time since world war two, only a handful of asset classes have held their value as investors flee for safety and security.  Gold has certainly held up well in both dollar terms as well as in foreign currencies.  US Treasuries have also held up well as investors seek the safety of the guarantee of the US Treasury. 

Coloured diamond offering prices continue to move up as inventory becomes more difficult to replace, supply continues to decline and we see strong buying coming from buyers on a global basis.  Volume has certainly slowed down because there are less goods in the market but with the strength of the buyers in this market and the volatility in global financial markets, buyers around the world continue to look for long-term tangible assets to balance their holdings.

Pastor Geneve has been invited to attend a conference in Cannes, France to promote rare coloured diamonds.  The wealthy classes are advancing their interest in beautiful and rare works of art and we have been asked to attend the conference to educate the attendees on the rare coloured diamond market.  Pastor Geneve is also looking forward to our editorial in the March edition of the Sovereign Individual, an offshore newsletter based out of Ireland.  For further details, please feel free to contact Pastor Geneve.