The logical progression would be to share tips and tricks for those who want to start investing in colored diamonds . So we've compiled a list of 6 diamond investing tips that every beginner should know about. In this article, we'll go over the 6 essentials for investing in fancy colored diamonds , including: Education Portfolio diversification Quality and rarity of the diamond Market demand for the specific diamond Diamond Certification The importance of asking questions 1. Learn about alternative investments This may sound like common sense, but it is very important and must be said, especially in the case of high-value, long-term investment assets such as colored diamonds. Be sure to teach yourself on the terminology utilized by vendors, auction houses, and gemologists. The most important thing is to fully understand what each of the 4 C's in a diamond means and how they contribute to the value of the stone. 2. Diversify your diamond portfolio When it comes t...
The largest diamond mine in the world, famous for producing pink and red gems, will be closed by the Argyle Diamond Investments after almost four decades. The Argyle mine is located about 2,600 kilometers northeast of the western Australian city of Perth and is scheduled to close in 2021 after having exhausted its supply of economically viable stone. Brokers, banks and competitors predict the shutdown could boost prices for these gemstones, which have been declining since 2011, according to data from argylediamondinvestments.com.au. "There will be a good amount of supply that will come out of the market," explained Arnaud Soirat, director of copper and diamonds of the Argyle Diamond Investments, in an interview this Friday. "At the end of 2021 we will stop operations and begin the rehabilitation of the site," he added. Argyle is known as the source of approximately 90% of the world's pink diamonds - pink to magenta stones that dominate among the highest pri...