When you think of a diamond the first image that springs to mind is one of a shiny colourless stone, however, diamonds can also come in a variety of different colours. These diamonds are known as fancy coloured diamonds and they are far rarer than their colourless counterparts. So rare, in fact, that these stones account for less than 0.1% of the world’s total diamond production.It is estimated that there are only around 50 viable coloured diamond mines in operation and around 30 of those are currently inactive. An increasing demand for coloured diamonds, not only as jewellery, but also as an investment however, has meant that supply is struggling to keep up.
With the cost of mining exploration continuing to increase and coloured diamond reserves dwindling, these precious stones are becoming increasingly rare. This has helped fuel massive demand for coloured diamonds and prices are appreciating at a staggering rate. The shutdown, and loss of Argyle’s 14 million carats of diamonds a year output is expected to cut world production by around 10% a year. A drop that could have massive implications for the industry as a whole.
Prospectors are already looking to find the next big source of coloured diamonds, however the cost of opening a new mine and actually extracting the stones is huge. One of the new prospects for diamond exploration is Little Spring Creek situated at the Brooking diamond project in Australia’s Kimberley Region. In January this year, the Perth-based company Lucapa Diamond announced the discovery of 119 diamonds that had been recovered from samples taken at the Little Spring Creek prospect. The find contained a relatively high proportion of white diamonds along with several highly prized yellow diamonds. A discovery that could prove to be hugely significant.
This isn’t the only big discovery Lucapa Diamond have made this year with the company revealing that they had recovered 118 “special” diamonds from their Lulo mine in Angola during the first half of 2018. These diamondsincluded a very rare and precious 46-carat pink stone, the largest coloured gem-quality rock ever recovered there. New mining nations such as Canada are also starting to contribute to the global output of coloured diamonds and Canadian firms are developing and advancing mines at an exceptional rate. Coloured stones have already been discovered at new mines including The Gachu Kue and Renard mines, however it remains to be seen whether global output can keep up with demand once the Argyle Mine closes.
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.