When investment comes up in conversation, the majority of people think of homes, stock or businesses. However, investing in pink diamonds is becoming one of the most sought-after investments in recent times.
Why Pink Diamonds
Pink diamonds are one of the most valuable stones in the world, and they are certainly the most expensive shade of diamond, except for perhaps the red diamond which is so rare it is almost impossible to purchase.
Pink diamonds, however, are also rare, and they will always be finite, which is one of the reasons they are so highly sought-after. Rarity has a direct correlation with price in the field of diamonds, and since rarity is guaranteed, you can feel safe knowing that your investment will be a sound one.
The Argyle Mine
There is only one reliable location in the world where you can mine diamonds and that is the Argyle mine, situated in the far north of Western Australia. This mine produces 90% of the world’s diamonds. Since its opening in 1983, the price of the diamonds has never gone down, even in times of economic hardship and financial struggle.
In the past 11 years especially, many of the pink diamond prices have increased by 367%, making them a hard and stable investment, and one that clearly shows strong growth.
Now that the mine is said to close in early 2019, experts say that the price of these diamonds will rapidly increase as new diamonds will no longer actively be mined. This makes pink diamonds an intelligent investment. Studies show that their price has only ever grown, that it will continue to grow, and that it cannot be affected by the financial environment.
A Wearable Investment
If the financial security of the pink diamond doesn’t weigh you over, consider the diamond’s natural beauty. Its hues come in a variety of reds and pinks, with all the radiance of a white diamond and more.
Furthermore, one of the best parts about diamonds as an investment, especially when compared to investments such as stock or homes, is that they can be worn. Diamonds may be fashioned into a variety of beautiful, elegant and timeless pieces, including earrings, necklaces and rings. Investing in something that can actively be used to provide you with joy and happiness is a strong and intelligent move.
Experts also say that people are buying pink diamonds as part of their self-managed superannuation funds, because of the valuable return that the diamonds provide. Diamonds also provide incentives, with investors needing to pay less tax because of them.
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All of these motives combined make up some of the reasons why diamond investors choose to use pink diamonds as their investment of choice.
Here, at Argyle Diamond Investments, we would be happy to help you on your pink diamond journey. If you have any questions about this article or pink diamonds, feel free to contact us online or by calling 02 4927 0000.