Graff diamond sold for 5 million dollars and bought a picture on Tefaf
 

13/03/2009
British jeweler Laurence Graff (Laurence Graff) diamond sold for 5 million dollars and acquired a painting by Michel Basquiat (Michel Basquiat) and costs 4.5 million dollars at the recently opened in the Netherlands, the largest fair of antiques and works of art, reports Bloomberg.
These large transactions Graff were concluded yesterday at the European Fine Art Fair (European Fine Art Fair, Tefaf) in Maastricht, in the day for visiting dignitaries.
According to dealers, 22 th Annual Fair at this time was to show whether the rich people turned again to art as to alternative sites for investment, or a similar situation at Christie's auction does not constitute a trend.
"Here swirling a lot of money. Customers willing to buy the really valuable things, but I was expecting to see a more vivid confirmation of the trend towards investing in works of art, "- said the head of Fine Art Fund investment company, Philip Hoffman (Philip Hoffman).

Rough & Polished

This is because diamonds have and will continue for many generations, enough!
  De Beers freezes and does not develop a lot of new diamond deposits. Thus artificially constrained the flow of diamonds on the market.
Otherwise, if you begin to develop all the open diamond deposits - the market will burst!