Pink diamonds are perhaps the most coveted of all the colored diamonds. Over the last 30+ years, the source for most of these diamonds has been the famous Argyle Mine in Australia. Prices for natural pink diamonds have consistently generated some of the highest auction price tags.
Admiration for naturally occurring pink diamonds has seen a steady increase during the last decades. They have been deemed to be one of the most beautiful and precious diamonds globally and their immense rarity has caused an exponential value increase in the present diamond market.
It is worth mentioning that the 24.7 carat “Fancy Intence Pink” diamond broke the record for the most expensive diamond sold in November of 2010, at Sotheby’s Geneva auction reaching a remarkable $47 million. Further, pink diamonds with a lesser carat range also enjoyed respectable appreciation rates during the past decade.
An astounding 90% of these precious stones are produced by the Argyle mine in the Kimberley Region of West Australia. In addition to holding the lion’s share of the pink diamond market globally, this mine also has the reputation of producing diamonds with a unique “bubble gum” pink hue, unrivaled by any other worldwide.
Although their magnificent appearance plays a great role, such exponential appreciation is more likely attributed to the laws of supply and demand. We must therefore understand the impact this product’s rarity has on its value in the present market.
It should be noted that pink diamonds count for only 1% of stones mined. However, supply is expected to dwindle even further in the upcoming years, as a closure of the mine has been forecast for 2020 by Rio Tinto. The impending closure, coupled with a steady (or even increased) demand will undoubtedly cause positive price fluctuations.
Another factor came to light during an Argyle Tender analysis for the period between 2010 and 2015. In these 5 years, prices experienced a 300% increase compared to previous Tenders. Initially it was believed that this was also due to exponentially heightened product quality throughout the years; but this was not entirely true. Stones had shown to be proportionately smaller, especially when compared those of 2 decades ago; further supporting the predicted cessation of Argyle mining operations in the near future.
Finally, as business comes to a halt, so will its annual tenders, and thusly opportunities to get hold of these truly one of a kind stones. Nonetheless, this potentially translates to even greater escalation of pink diamond value for owners in the years to come, as well as, reducing chances for depreciation.
The verdict is this: having gained a better understanding regarding pink diamond value in the current market, it would seem that investing in the above mentioned would be advantageous. However, the increasingly finite nature of these stones, coupled with heightened demand, and diminishing size, color clarity and vibrancy, as well as quality, suggests immediate action. So if you are wondering when would be the “ideal” time to invest; the answer may be “now.”
Rav's enthusiasm and passion is contagious! I have a lot of faith and belief in Rav and have no doubt that he will climb the ladder of success. My investment has had a life line of 6 months and whilst I acknowledge that this is a short time, I am more than satisfied with the way things are going.
It has been a pleasure working with Rav & his Group and I am excited about how far this company can grow over the next 5 years. A lot to look forward to.
Not much to complain about regarding this young man, I have followed his movements since 2012 and I am happy to see him pushing and progressing slowly towards his goals. Good luck to you Rav!
A gentleman in all aspects, Rav has treated me and my portfolio with the utter most respect. How many collectors can boast a rare gem portfolio that consists of a Red diamond?!! Rav has knowledge, confidence and reach, making him a very capable young man.
Happy with the way things are going, a little over 18 months in to my investment and no reason for complaints. I like the vision, the strategy and the enthusiasm that Rav brings to the table, making me feel confident about the future ahead.
Very easy going, considerate and polite. He has been very promising, hard working and supportive person. Rav's style of presenting his business portfolio and approach was never pushing. He understands both sides of the world and is keen on making sustainable stronger long term relationship with his clients. This type of qualities are very rare and unique.
I have had the pleasure of working with Rav over the past 4 years. Over this period Rav has helped shape my rare gem portfolio in to a world class profile. Rav is a man of insight, knowledge and market intuition. His services are highly recommended.
Rav is at the start of his journey, and I can see this young man building a formidable legacy over the next 20 years. His vision, understanding of the market and client requirement is a foresight that should not be underestimated.
I have been a client of Rav's since 2010, and also one of his first clients. I take great pride in watching this ambitious man grow and evolve. The fact that he is now the leading specialist in the field of rare gems, speaks volume of his contribution over the past 8 years.
Rav is the man of the moment over in the UK. His history, experience and strong performance in this sector is not to be underestimated. I would not hesitate to recommend Rav's services to anyone that may be looking to build a tangible portfolio of rare gems to place in to an investment strategy.
Rav is creative and passionate in his work and craft. I have been a client of his since 2016 & have enjoyed the journey.