Tuesday, 31 January 2017

Self-managed superannuation funds buying into Argyle pink diamonds

One of the exclusive sellers of Argyle pink diamonds says a number of the stones are being purchased for self-managed superannuation funds (SMSF). Rio Tinto's Argyle mine in the East-Kimberley, in the far north of Western Australia, is the only source of the diamonds, and it is scheduled to close production by 2020.
There are only 34 luxury jewellers, or ateliers, who are officially allowed to buy and sell the rare Argyle pink. Investment strategists said there was merit in considering rare diamonds for SMSFs. But they caution there are variables that needed to be taken into account.

According to Rio Tinto the Argyle pinks have increased in value, on average, 15 per cent a year for the last ten years. The overall price for Argyle pink diamonds has tripled since 2000. In the last decade or so there has been an increase in demand for pink diamonds from India and China.
The Linney's Argyle Pink diamond tiara showcases 178 of the rarest pink diamonds.

Laurence Graff bought the entire first Argyle diamond tender
See ----->http://highlifelivingluxury.blogspot.ca/2017/01/pink-diamonds.html