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Beyond art, investor Jeff Gundlach also has his eye on gemstones — even noting you can carry a ruby in your shoe if you had to, according to a recent report.

Though there’s no easy index for the variety of stones out there, diamond prices been pretty firm in recent years — though admittedly, that is in part thanks to price controls from megaminer De Beers, which controls as much as 50% of the market.

If you think art is impractical, then Gundlach’s gem argument might make more sense in a crisis.

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