6 gemstones expected to rise in value

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By IANSlife
New Delhi, Nov 8 (IANSlife) In earlier times gemstones, along with gold and silver were used as a form of money because of their universal value; today they are purchased due to their Vedic properties as well as to secure personal savings from the fluctuating value of money.

The vast gemstone market can be confusing, but with the right knowledge some of these gemstones can be good investments too, other than their gorgeous look of course!

Diamonds are the first choice of all investors worldwide when it comes to the most popular gemstone. Rubies & emeralds are some other renowned names in the world of gemstones; these are collectors’ favourites as well, mainly due to their solid returns. However, there are other amazing and newer gemstones like tourmaline and tanzanite that have been performing even better when it comes to investments but are still not known to all.

Pawan Gupta, Director, P.P. Jewellers by Pawan Gupta and Rohan Sharma, managing director, RK Jewellers share a list of the top six gemstones that are expected to rise in value:

Pink Diamonds

The pink diamond is basically a type of natural Diamond, which is known to be very exclusive. Pink diamonds are trending among celebrities these days. These diamonds due to their rareness, beauty, and value give a special sense of beauty, romance, and luxury. As a matter of fact, according to the Argyle Diamond Mine, a pink diamond can cost not 2 or 3 but 20 times the price of a similar white diamond!

As per the British new service The Telegraph, pink diamonds were the number one investment opportunity for the year 2020. In the past 10 years, prices have seen a steady rise, and as per the experts, it will only continue to rise. Pink diamonds have also been considered as one of the world’s safest investments by analysts at The Telegraph, since 2014.

Ruby

Ruby or Manik is a natural gemstone that has a deep pink or blood-red colour appearance. It is known as a precious gemstone from the Corundum family. Coloured rubies are also considered to be a safe choice in gemstone investments. As a matter of fact, from the collector’s point of view, coloured rubies hold their value and market demand better than diamonds, especially the rare coloured rubies.

Tourmaline: Rubellites, Bicolour, Indicolite and Paraibas: Tourmaline is a natural, semi-precious, and colourful gemstone that belongs to the Cyclosilicates mineral group. This gemstone is found in many verities in terms of colour, ranging from black, brown, red, pink, purple, yellow to green, colourless, and even bicolour.

Green Tourmaline: Green Tourmaline is used in Gem healing therapy for body detoxification and stress reduction by experts. This fact is known to be one of the few reasons why its rise in value is definite.

Paraiba Tourmaline: This gemstone is one of the most famous ones. It is copper-containing and considered to be one of the rare tourmaline varieties (also called Cuprian Elbaite) that display a distinctive neon blue to blue-green colour with a beautiful glow.

Rubellite: Natural Rubellite gemstone is a highly valuable gem variety of Tourmaline popular for its deep reddish-pink to pinkish-purple hue. What makes Rubellite gemstone unique is its mesmerizing purplish-red hue.

Blue Tourmaline/Indicolite: Blue Tourmaline or Indicolite is a Rare and incredible, natural gemstone. It is a valuable blue-coloured gem that is a part of the Tourmaline family. It is generally used for making fashionable ornaments and birthstone jewellery.

Watermelon Tourmaline/Bi-Colored: The natural Watermelon tourmaline stone is another rare and unique addition to the Tourmaline family. It exhibits green and pink colour with a minor white area separating the colour. It is usually known as Bi-color Tourmaline or Tri-color tourmaline in gem certificates. It is also generally customized in beautiful jewellery.

Sapphire

Jacek Dylag

Sapphire is a precious gemstone that also belongs to the corundum family. Sapphire gemstones are popular for their striking blue colour, though they do appear in several other colour varieties as per the sales from some top auction houses, blue sapphire is known to be the second most popular coloured stone for investment.

The rarest sapphires are from Kashmir, but to this date, no new material has been mined in the past 100 years or more.

One of the most popular sources of sapphires is Sri Lanka, followed by Ceylon and Madagascar. Fancy colour sapphires are also trending among celebrities these days. Yellow, pink, and padparadscha are now also getting popular among investors.

Emerald

Emerald gemstone is also rising in value in the current scenario due to an increase in demand. It is a type of mineral beryl. Some grid of these gemstones says the ones coming from the Columbian mines are generally more expensive than diamonds due to their comparative rarity. However, fancy coloured diamonds are still more expensive than emeralds of the same carat weight.

Tanzanite

Tanzanite gemstones are a part of Zoisite minerals that are majorly known for their magnificent blue or violet colour. This gemstone not only looks breathtaking but is also said to bring stability to one’s life by stimulating different chakras.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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