Hot luxury goods market makes diamond investors take notice

As investors are discovering, the market fordress accessorizedwith ruby earrings surrounded
diamonds has never been hotter. At the retailby 14 carats of diamonds. But women aren't the
level, LVMH Moetonly stars who add sparkle todiamonds.
Hennessy Louis Vuitton saw a 16 percent increaseTrendsetter and leading man Jamie Foxx often
in sales of watches and jewelry in 2005. Theshows up to Hollywood galas wearing his favorite
typical luxurygoods customer spends close todiamond-studded watch.
$50,000 each year on such goods, and the luxuryCelebrities aren't only wearing diamonds; they're
market is expected to continuetheir upwardalso designing and lending their names to jewelry
growth trend.lines. The
Hollywood celebrities are adding their luster to theParis Hilton Limited Edition Watches, for example,
diamond market. When they shine, there's morefeature up to nine carats of diamonds and over
than theirstar wattage at work. As evidenced on1,000 stones.
the Red Carpet, award winners and runners-upAbazias Diamonds ( the exclusive online retailer of
alike are adorned with jewels.the Paris Hilton line, features three of thewatches:
Geena Davis, star of "Commander-in-Chief," wasthe Cotton Candy, Canary, and Pink in Love.
recently seen on the Red Carpet in an Escada"Highly recognizable celebrity brand names