Rio Tinto Reveals Rare 2.11-carat Fancy Red Diamond
According to Investing News, major miner Rio Tinto unveiled the largest red diamond in the history of its Argyle tender in New York last week.
“The 2.11-carat “Argyle Everglow” is part of the 2017 Argyle Pink Diamonds Tender, an annual showcase of the top-quality pink diamonds that have emerged from Rio Tinto’s Argyle diamond mine in Western Australia.
What might this massive diamond find be worth?
FREETOWN, Sierra Leone: July 2017 - USA Today reports the following find of a massive diamond (read original report here)
Extract: The recent find of a mammoth diamond the size of a hockey puck has everyone in this small West African nation wondering how big a fortune it will fetch.
3 reasons South Africans need to invest in diamonds – now!
South Africa’s current tumultuous political environment is creating an unstable economic landscape that has seen various ratings agency downgrades. In this uncertain climate investors are looking for stable investments that will secure their wealth, while still generating solid returns.
Diamond Expected to Fetch up to US$35M
Rapaport News, division of the Rapaport Diamond Price List recently reported that Sotheby’s Hong Kong hopes to raise $30 million to $35 million (HKD 235 million to 280 million) from the sale of the largest oval fancy vivid blue diamond ever to appear at an auction.
Diamonds protect against a falling SA Rand
As analyst Joaquin Monfort, writing for poundsterlinglive.com, commented earlier this year: “Those from South Africa who visit the UK, would have been unfortunate enough to see their buying power reduced by over a quarter, receiving only £410 for their 10,000 Rand – an almost 27% decline.”
How to grade investment diamonds
Engagement rings are, in many cases, the third highest single purchase most people make, behind a car and a home. Understanding this valuable gem is critical when making an investment.
Becoming acquainted with investment in this rare gem means getting to know the “Four Cs” of diamond grading.
An investment in your pocket
Not only are diamonds one of the most cherished jewels in the world, they also offer a lucrative and secure way to augment your investment portfolio.
For South African investment brokers and private investors looking for a safe way to safeguard against the ever-weakening Rand, diamond investment might be one of the smartest strategies.
How to Buy Investment Diamonds
When investing in diamonds ensure you meet these key requirements: Price transparency, resale liquidity, market access, quality certification, and expert guidance.
You need to connect with an expert that can give you direct access to international dealer prices and markets.
Hong Kong billionaire invests in $69 million diamond for daughter
Demand by the wealthy for nature’s unique gift, the magical and mysterious diamond, is well known. This is particularly true for people who appreciate an investment in hard assets. The rise of ever-increasing wealth and the allure of rare gems drive the desire for diamonds, and in the process the price of this elusive treasure.