finweek

Diamonds or a holiday?

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article

Given the choice and the money, which would you prefer: a holiday in the south of France or a new diamond?

In the grip of winter, the idea of gently sipping a Grand Cru Bourgogne in the Mediterranean sun sounds better than the allure of cold, white jewellery, regardless of the occasion (or even the love).

According to a Morgan Stanley report, “doing stuff” trumps “getting things”. Experience beats ownership, especially to a Covid-19-blighted society where life is temporary. This is one of the reasons why the bank thinks the much- anticipated recovery in the diamond market may have limited upside.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.51
+1.7%
Rand - Pound
19.88
+0.9%
Rand - Euro
16.83
+0.6%
Rand - Aus dollar
10.77
+0.6%
Rand - Yen
0.13
+0.7%
Gold
1,767.60
0.0%
Silver
23.31
0.0%
Platinum
1,059.00
0.0%
Palladium
2,075.53
0.0%
Brent Crude
84.86
+1.0%
Top 40
60,494
+0.2%
All Share
67,029
+0.3%
Resource 10
64,347
-0.1%
Industrial 25
84,819
+0.7%
Financial 15
13,961
-0.3%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Facebook is facing a fresh crisis after a former employee turned whistle-blower leaked internal company research . Do you still use Facebook?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, the benefits outweigh the risk for me
23% - 90 votes
No, I have deleted it
46% - 181 votes
Yes, but I am considering deleting it
31% - 119 votes
Vote