Investment Guru Buffett To Sell Diamonds To Shareholders

(IDEX Online) – Shareholders in the Berkshire Hathaway are being given the opportunity to buy a diamond laser-inscribed with the signature of company founder and head, Warren Buffett, at the firm’s May 3 annual meeting.

Investment guru Buffett will also be personally selling signing diamonds and jewelry from the Borsheims Fine Jewelry and Gifts retailer that belongs to Berkshire Hathaway the following day.

The limited-edition diamonds for sale only to company shareholders attending the annual meeting include 26 loose diamonds, ranging in size from 0.75 carat to 5 carats at prices from $5,000 to more than $200,000. The round and square cut diamonds are ready to be mounted as earrings, pendants or rings.

Borsheims Marketing and Advertising Director Adrienne Fay said 25 signed diamonds have also been set into diamond pendant necklaces and will be on sale at the site of the shareholders meeting. The 0.5-carat diamond pendant necklace featuring Buffett’s signature normally sells for $2,500, but company shareholders can buy it for $1,750.

Each diamond is sold with a pamphlet describing it and a loupe so the buyer can see the inscription.

The polished diamonds are originally from mines Canada’s Northwest Territories. The diamonds are laser-inscribed with an identification number, the Borsheims name and a maple leaf, guaranteeing its Canadian origin. The inscription allows buyers to identify their diamond and trace it back to its Canadian mine.