Jewelry jewellery: Is there a price tag for a diamond necklace?
A diamond necklace, the most expensive piece of jewellery, is becoming increasingly rare.
So why would anyone want to spend hundreds of pounds on it?
That is the question that is being asked in an auction in the UK.
The auction is being held at The Royal Ascot Diamond Auction House in Surrey.
It has attracted a crowd of more than 100,000 people and attracted the attention of British media including the Daily Mail.
Auctioneer James Meehan told the newspaper that the jewelers in attendance had a very high expectation of the gem.
“It is a very, very fine diamond,” he said.
It’s a bit like buying a Ferrari and you think you know the car, but then you get to a point and you realise you don’t, because it’s a piece of work.
Meehan said it was not uncommon for diamonds to fetch upwards of £5,000, but it was a lot less for smaller diamonds.
He said the high demand from the diamond community had made it harder to secure the diamond.
Many of the more than 20 pieces on display are from China, including a small piece from the Chinese city of Shenzhen.
They have a lot of diamonds, which is a good thing, he said, because that’s where we can buy them.
Although it was initially thought that the piece in the auction would be the last, it has now sold for more than £100,000.
There were also several other diamonds in the display, including one from the French city of Antibes, which had sold for £100 million.
An international auction has been taking place at the same venue since 2015, which has attracted around 10,000 spectators.
For a diamond, the buyer has to pay the buyer’s premium.
Most diamonds in Britain are bought by the gem industry through an auction.
In a statement, the British Gem Exchange said it did not comment on individual auction results, adding that the auction had been “one of the highlights of the 2017 summer”.
The company said it would “take all reasonable steps to ensure that no future auctions are affected by this event”.
Gold and diamond prices have risen dramatically in recent years, with the price of a pound of gold hitting £8,868.90 on June 14, 2018.
But there has been little inflation in the past decade.
And there are no plans to introduce new minimum prices in the near future, according to the Royal Canadian Mounted Police (RCMP).
What is a diamond?
A diamond is a metal used in jewellery.
It can have any of the six colours: white, blue, green, red and yellow.
Diamonds are often used in wedding bands, necklaces and even in jewellers’ lounges.
Some people claim that diamonds are less expensive than precious metals, while others argue that diamonds can be more valuable because they are rare.