Title: Paragon International, Toronto Diamond Dealer, Sees Continued Demand for Fancy Colored Diamonds
1Paragon InternationalWealth Management
- Toronto Diamond Dealer, Sees Continued Demand for
Fancy Colored Diamonds
2- Paragon International Wealth Management is
reporting increased interest from new investors
as fancy colored diamonds continue to rise in
value. Widely considered a recession proof asset,
fancy colored diamonds have steadily increased in
value since the 1970s. In just the last eight
years alone, the price of pink diamonds has grown
by nearly 180 percent and currently sits at a
record high. - The rising value of fancy colored diamonds,
paired with soaring demand, is attracting more
investors into the hard asset marketplace, a
trend that has been noted by Paragon
International Wealth Management. In 2016, there
were a number of exquisite fancy colored diamonds
that sold for record-breaking amounts, including
the Unique Pink, an extremely rare 15.38 carat
pear-shaped pink diamond, which sold for 31.6
million at auction.
3Widespread market demand has been further
compounded by the rarity of fancy colored
diamonds, especially pink diamonds. The ratio of
fancy colored diamonds compared to white diamonds
sits at roughly 10,000 to 1. For every 10,000
white diamonds mined, only one natural colored
diamond is extracted.
4Scarcity is expected to heighten in coming years
as The Argyle Mine, which is located
in Kimberley, Australia, faces an uncertain
future. The Australian mine, which has been one
of the most productive diamond mines in the
world, is home to the only known significant
source of fancy pink diamonds and is responsible
for 90 to 95 percent of the global supply.
5The mine, which opened in 1983, is slated to
close in 2018 due to decreased production over
the last decade. The impending closure of the
world's foremost fancy pink diamond mine may also
factor into increased demand. Many new investors
who have no history in the fancy colored diamond
market are now deciding to invest in this
portable asset class, giving wealthy collectors
more competition as they vie for fancy colored
diamonds to add to their collections.
6ABOUT PARAGON INTERNATIONAL WEALTH MANAGEMENT INC.
7Paragon International Toronto is committed to
offering its clients with unparalleled advice and
guidance in assembling a successful hard asset
investment portfolio. Over the last few years,
fancy colored diamonds have shown significantly
higher profit margins compared to other hard
asset investment vehicles. Our combined
experience in the colored diamond market enables
clients to achieve the highest possible annual
returns on their investments in these markets.
8Thanks!
- Any questions?
- You can find me at info_at_paragoniwm.com Call on
1-416-548-5636