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    Whiskey vs Jewellery: Wealthy by investing money in alcohol not in gold, see these figures of ten years

    Shehnaz AliBy Shehnaz AliMarch 14, 2023Updated:March 14, 2023No Comments2 Mins Read
    New Delhi: Investment in gold is considered to be the safest return. But in terms of average returns over the past 10 years, jewelery has been the worst performing luxury item. During this period, an average return of 44 per cent has been received on jewellery. On the other hand, rare whiskey has given 373 per cent returns. Last October, Sotheby’s sold a bottle of The Macallan 81 Year Old single malt whiskey for £300,000, according to the Knight Frank Luxury Investment Index. Not only this, in the last ten years, an average return of 162 per cent has been received on wine.

    Cars are on the second number in this list. Luxury cars have given 185 per cent returns in the last ten years. Wine is at number three. Vine has given 162 per cent returns. If you have invested in expensive watches, then in the last year an average return of 147 per cent has been received. During this period, 91 percent return has been received on investment in art. Similarly, 74 per cent returns were received on handbags, 59 per cent on coins and 44 per cent on jewellery. Investing in whiskey is seen as a passion of sorts. It is said that the older it is, the higher its value.

    Scotch Whiskey: You will get cheap Scotch whiskey from Britain right here, do you know how?

    growing whiskey market

    Meanwhile, the trend of drinking expensive liquor is also increasing among the people of India. India has recently emerged as the largest market for UK Scotch whisky, overtaking France. In the year 2022, the import of Scotch whiskey from Britain increased by 60 percent. India imported 219 million 700ml bottles of Scotch whiskey last year, while France imported 205 million bottles. The Indian Scotch market has grown by over 200 per cent in the last decade. Last year saw a significant increase in the export of Scotch whisky. During this period, 6.2 billion pounds of whiskey was exported to the whole world, which is a record. For the first time this figure has crossed six billion pounds. Most of the Scotch whiskey was exported from Britain to America.

    Source: navbharattimes.indiatimes.com

    : Language Inputs

    This post is sourced from newspapers, magazines and third-party websites. For more information please check NewsDay Express Disclaimer.

    Business News Samachar Headlines investing in rare whiskey Jewelery vs Gold Latest News liquor price in delhi Liquor Price in India news news in hindi rare whiskey price return on jewelery scotch price in delhi Scotch sale in India Scotch whiskey price in delhi wine price in delhi
    Shehnaz Ali
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    Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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