Pink diamond sells for $69M at Geneva auction smashing record
"An exceptionally rare 19ct pink diamond (Winston Pink Legacy) fetched US$69M at auction in Geneva, setting a record $2.6M per carat." (Francios Curiel, head of Christie's Europe)
"Only four vivid pink diamonds over 10 ct have ever been offered at auction."
The Australian, November 2018
Diamond price forecasts add a rosy tint to mine closures
"The 2020 closure marks a turning point for the diamond market as there are few comparable replacements in the pipeline."
"The constrained supply will support significant value appreciation for Argyle pink diamonds." (Jean-Sebastien Jacques)
Financial Times, September 2018
Pink Diamonds: Why Chinese collectors have their eyes on these 'flukes of nature'
"There are only a few hundred red diamonds in existence in the world." " The record per carat price for a pink diamond is US$2.2M, which was set in 2010 for a 5ct gem, white a 2.09ct red diamond fetched an all-time high of US$2.4M in 2014, both of which were sold in Hong Kong." "Rio announed in March 2018 that it will be closing the mine in 2020." says Johnson.
South China Morning Post, September 2018
Pink diamonds have done 10 per cent a year for more than a decade. (James Kirby reporting on collectible investments that can work)
The Australian, September 2017
"The combination of healthy demand and extremely limited supply continued to support significant value appreciation for pink diamonds. The market fundamentals for pink diamonds remain robust. At more than a billion years old, each Argyle pink diamond is a fluke of nature, commanding the attention of investors, collectors and diamond connoisseurs across the world." (Says Mr Jacques)
Mining Journal, August 2017
"Nowadays especially it's very difficult to find diamonds like these ones. On average, from the time you think there is a good property to the time you get to diamonds its 30 years, so the exploration people have been under pressure for a long time." (Jean-Sebastien Jacques)
The Australian, August 2017
"The market fundamentals for pink diamonds - strong demand as a result of extremely limited supply - continue to support their significant value appreciation." (Argyle Pink Diamond manager Josephine Johnson)
"The scarcity of "pinks" is likely to become more apparent from 2021, when Rio's Argyle mine is expected to close."
The Australian, April 2017
Argyle Pink Diamonds manager Josephine Johnson said, "The market fundamentals for pink diamonds - strong demands as a result of extremely limited supply - continue to support their significant value appreciation."
Jewellery World Magazine, Dec 2016
The 2016 Argyle Pink Diamonds Tender achieved the highest average price per carat since the tender began in 1984. Over the past 15 years the value of Argyle pink diamonds sold at tender have appreciated over 300 per cent.
Jewellery World Magazine, Dec 2016
Rio Tinto's spectacular 2016 Pink Diamonds Tender collection of 63 rare pink, red and violet diamonds from its Argyle mine has delivered a record result, reflecting strong global demand for these increasingly rare diamonds.
Jewellery World Magazine, Dec 2016
According to Argyle Pink Diamond manager Josephine Johnson, the prices of tender stones have appreciated by double digits over the past 10 years, behaving more like fine art than regular diamonds.
JCKonline.com/rob-bates, Oct 2015
The diamonds fetch around 75 times the value of the white version - around $1 million a carat. Hot pink is worth more than paler colours. Demand far exceeds supply and the price has soared in the last 15 years as the popularity of pink diamonds has grown through clever marketing.
Business Insider Australia, June 2015
The overall price for Argyle pink diamonds has tripled since 2000. Jean-Marc Lieberherr, MD, Rio Tinto Diamonds
ABC Rural, October 2014
Rare pink diamonds from the Argyle mine in Australia are being bought up by high net worth’s across the world.
Telegraph UK, November 2014
It’s a tangible, moveable asset, so you can carry your wealth in your pocket or on your finger.
Telegraph UK, November 2014
Pink diamonds from the Argyle mine in Australia are in high demand. The mine’s owner Rio Tinto, has announced plans to close the site in 2019, driving up the price of the gems.
Telegraph UK, November 2014
According to Barclays Wealth’s latest report on investment trends, 26% of the bank’s wealthy clients in the UK are holding more ‘treasure’ assets today than five years ago. Precious jewellery is by far the most popular treasure assets type for wealthy individuals across all countries, with 70% of global respondents investing in this asset, followed by fine art and antiques.
Telegraph UK, November 2014
Australia’s pink diamonds are some of the rarest and most valuable gemstones in the world.
AFR Magazine, November 2014
Australia is a large market for Argyle pinks, with locals buying them in jewellery and for superannuation, and offshore visitors taking them home as a memento of their stay. The most extravagant pieces, necklaces or watches, set with 20 or 30 gems, tend to go to the Middle East and of all pink diamonds, about 8-% are set in jewellery rather than sitting in a bank vault.
AFR Magazine, November 2014
With limited reserves left and coloured stones in high demand, the prices commanded by the gems the Argyle Mine produces are expected to rise.
Financial Times, September 2014
Pink diamonds from Argyle are among the most concentrated and portable forms of wealth.
Financial Times, September 2014
Because the supply from Brazilian and African mines is less constant, no alternative source to Argyle is foreseen in the near future. This, coupled with growing Asian demand for its pink diamonds means demand for its small to medium-sized pink Argyle diamonds could outstrip supply.
Financial Times, September 2014
The Argyle diamond mine, Rio Tinto’s most famous, is recognised for their production of some of the most valuable, and collectable stones that have proven the ability to retain long-term value. This not only makes them ultra-luxurious jewels, but also ideal for collecting and investing.
Investor Hub Daily, May 2013
Nobody is trying to predict the future. However, we all possess the ability to analyse the information presently available. Over time, the prices of pink diamonds have consistently appreciated and there is an obvious presence of high market demand.
Investor Hub Daily, May 2013
With pink, you are looking for people who have an understanding that pinks are very different to white diamonds.
BRW, March 2013
If their origins are unusual, so are the way investors treat them. While pink diamonds are an investment, they are also pretty stones people like to wear and the vast majority of buyers acquire a pink diamond to wear.
BRW, March 2013
Worried that traditional investments like stocks and bonds are losing their sparkle, wealthy Chinese are buying the gemstones to showcase alongside fine wines and contemporary art.
Wall Street Journal, November 2011
Australian pink diamonds – the world’s rarest – have outstripped the Dow Jones Industrial Average and Hong Kong’s Hang Seng over the past decade. An index of pink-diamond prices more than doubled between 2000 and 2010, according to Gemdax consultants. That compares with the 63% return on the Hang Seng and 6.2% for the DJIA.
Wall Street Journal, November 2011
I see it as an investment, but unlike shares, I can wear it. I am not going to put a gold bar on my body.
Wall Street Journal, November 2011
In another decade the Argyle Pink Diamond will emerge as the new Faberge egg, the thing jewellery myths are made of.
The Australian, October 2011 – Vivienne Becker British Jewellery Historian
The value of rarity is the most priceless factor … in the world of jewellery today and as supply tightens, prices will be driven up.
The Australian, October 2011 – Vivienne Becker British Jewellery Historian
This is where the market is, it keeps progressing, and people continue to realise how rare these stones are in special colours and important sizes.
departures.com, May 2011
Of the millions of diamonds mined each year, the gem industry estimates that one in every 10,000 carats will possess colour. Only a handful of those achieve deeper, more value hues described in the industry as ‘fancy intense’ and ‘fancy vivid’. Of those, an even smaller percentage surpass one carat, let alone five or ten.
departures.com, May 2011
According to Sotheby’s, since record-keeping began in the 1970s, coloured diamonds have appreciated at about 10%-15% per year. Yellow diamonds have doubled in value every 7 years. Reds, blues and greens have seen the greatest appreciation, having quadrupled within the last decade.
departures.com, May 2011
To say a red diamond is one in a million is certainly no stretch.