Investment Diamonds Are Hot, Pink Diamonds Even Hotter

Polished
28/09/2020 15:54

The Economic Times India reports that, with the all but last sale of Rio Tinto's Argyle Pink diamonds, the precious fancy colored stones have become increasingly popular among India's high net worth individuals. In the past decade, the rare pinks' value has grown significantly, year after year, and prices are estimated to go up even further as the world's primary source, the Argyle mine in Australia, is set to close soon. That scarcity is also making other high quality diamonds an interesting investment, as no major mines have been discovered in recent years. In addition, "the COVID-19 pandemic has pushed prices down, prices which are now gradually recovering", industry analyst Edahn Golan comments in the article.