May 02, 2016

Warren Buffet Signed Diamonds to be Sold By Borsheims ...Again!

He is nothing if not eccentric; but he is also known as one of the most visionary and successful businessmen of our times.

Every year, shareholders of Berkshire Hathaway, the holding company of which he is majority stockholder, gathers for a weekend and its annual general meeting at Omaha, Nebraska in the US.  Borsheims, the jewellery retailer based in the city and which a leading star of the group, plays an important part in these annual proceedings and has, in the past, even seen Warren Buffet visit the store and help make some sales. 

One of the favourite items at the recent Berkshire weekends are diamonds signed by Warren Buffet, available for shareholders at special prices. They call it Warren Buffett’s tiniest and most valuable signature – one that can only be seen through a jewellery loupe.

This year, Borsheims announced on April 26, 2016, “We’ve sold a very limited collection of diamonds inscribed with Warren Buffett’s signature the past few Berkshire weekends and they always sell out very quickly.  So we’ve brought another limited collection back.”

A total of 40 loose stones in sizes ranging from under a carat to more than five carats, in round and fancy shapes were put on sale this weekend.

“The price on them for shareholders is incredible – starting at just under $1,900 for the smallest stones to $134,000 for the 5.34 carat round,”   Borsheims’ statement said.

By April 29, Borsheims announced that quite a few diamonds had been sold and about two dozen were available at the store – a range of 0.75 cts to 5cts in round and square shape in a price range between US$ 5,000 to US$ 200,000+.  

Another set of signed 0.50 ct diamonds were set into pendants and were to be offered to shareholders for US$ 1,750.