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Mixed trends in luxury collectibles

One reason for the poor performance of some alternative asset classes is their correlation with China

NOT BEST FRIEND RIGHT NOW: The dollar's appreciation has hurt demand for diamonds and China isn't helping either. There, the anti-extravagance movement has had a 'strong effect on how people think of diamonds'.

New York

YOU'D have thought negative interest rates would fuel a boom in diamonds, antiques and fine wine, as people look for an alternative to stuffing cash under the mattress. But you'd be wrong: prices for all three are falling.

While some "collectibles" such as vintage watches...

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