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Antonio Cecere, Founder and Vice-President of Monaco Diamond Exchange, spoke recently in St Petersburg at the WealthPro Russia 2017 to an audience of 300 delegates from the leading regions of the Russian Federation and other countries of CIS, EU, Middle East and Asia.
Introduced by moderator Maxim Simonov, Mr Cecere discussed on September 26 the state of the diamond industry today and set out to demonstrate how, due to macroeconomics, decreasing limited supply, increasing demand and the evolution of the sector, diamonds are a mid- to long-term investment with a positive outlook.
The principal of Cecere Monaco described diamonds as alternative investment and stated: “Diamonds’ ability as an investment is traditionally that to retain, relocate and pass on wealth; this is facilitated by taxation, the high concentration of value per gram, their role as consumer products and advantage as untraceable physical asset.”
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