Dubai, UAE, 20th February 2023, ZEXPRWIRE, As people around the world exchanged cards, gifts, and flowers to commemorate St Valentine’s Day, lovers of precious stones also gathered to enjoy an unforgettable experience at the 5-star Raffles The Palm hotel in Jumeirah Beach. The event was the Jewelry, Diamonds, & Gemstones Show hosted by Elena Barakhova, the CEO of Glaze Diamonds, a leading diamond trading and investment company in Dubai. And against the backdrop of soulful classical music, guests were treated to an irresistible show featuring some of the most exquisite crystals in the world.
On the day, over $5 million worth of jewels were on display, including a blue sapphire, Colombian emerald, Kashmir sapphire, Argyle Pink Diamonds, rare black diamonds, and so many more treasured stones. Guests were given the opportunity to have conversations about these jewels, get an inside look at their histories, and even try them on.
In total, over 60 pieces of jewelry were on display, with a rich variation in type, weight, shape and color. It was a truly transformative experience for attendees, who were able to get a close look at – and interact with – some of the oldest and most coveted gems in the world. Participants also had the chance to learn more about the brands that put the exhibition together and how to leverage some of their services.
Meet Glaze Diamonds: The UAE company revolutionizing diamond-based investments
While Glaze Diamonds displayed a dazzling collection of diamonds and gemstones at the Dubai event, the company offers services beyond the trading of jewels. Glaze is a member of diamond exchanges globally, with partners in Hong Kong, London, New York, and Eastern Europe. This gives the company access to the largest precious stones inventories in the world, and it caters to an international clientele of high-net-worth individuals (HNIs), private equity funds, and family offices.
However, what sets Glaze Diamonds apart from other diamond trading firms is its adoption of technology and financial solutions. This company doesn’t just want to help collectors find the rarest of crystals, it also offers them a chance to diversify their financial portfolios with priceless jewels and earn strong returns on their investment.
In the future, Glaze Diamonds aims to create a private trading platform where customers can safely access diamonds and pay via a variety of options that include fiat ($, €, AED), Crypto, and digital assets. Furthermore, plans are also in place to tokenize precious stones on the blockchain and trade them as non-fungible tokens. By providing its client base with these options, Glaze Diamonds’ end goal is to give jewels more utility, making them even more valuable to their owners.
The Valentine’s Day show in Dubai won’t be the last time you hear about Glaze Diamonds, with the company in the process of unveiling its luxurious jewelry store and VIP showroom on the ground floor of the DIFC Tower in Dubai.
How diamonds can diversify your investment portfolio
Moving away from diamond showrooms and exhibition events, the current state of the global financial market has raised some questions about the prudence of investing all of one’s assets into bonds, stocks, and exchange-traded funds. Last year, some of the biggest companies in the world lost a big chunk of their valuations and global stock markets saw record losses.
The largest economies worldwide felt the sting of inflation, and risk-on assets like Crypto suffered harsh winters and devastating bankruptcies. And according to the IMF, the worst may not be behind us – with projections indicating that the global growth rate will fall to 2.7% in 2023, the lowest figure in over two decades.
As a result, it may be time to start thinking outside the box, and diamonds may provide a unique opportunity. Just like gold, diamond is a prime alternative to traditional investment vehicles. Due to a declining supply and increasing demand, the value of precious stones is expected to keep rising. Now, unlike gold which is often utilitarian in nature, diamonds evoke an emotional reaction within the hearts of anyone who holds it. Gemstones are also more beautiful, with more variety in cuts, color, and rarity.
In a nutshell, while other financial assets may suffer a loss in valuation, precious stones will only get more valuable in the coming years. How much of a difference could that make for your investment portfolio? That’s the million-dollar question.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No THE 2 SIDE STORY journalist was involved in the writing and production of this article.