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77 diamonds

For world’s super-rich, a pink diamond is forever

LONDON: For the world's super-rich, the investment of choice is increasingly a very rare naturally pink diamond, an asset class that this year has set records at auction. Tobias Kormind, managing director of 77 Diamonds, which has a shop in London's Mayfair district and sells online, says the trend for coloured stones has gathered strength as the world emerged from financial crisis. "Very savvy investors clocked on to the fact these coloured stones are so incredibly rare," Kormind told Reuters Television. Naturally…