Financial markets appear set to keep investors on their toes for all of 2021, with the first quarter of the year throwing up no shortage of surprises.
The bond market had one of its biggest sell offs in decades, whilst commodity prices and inflation expectations continued to increase. Cryptocurrencies were also very strong across the quarter, whilst supposed safe havens like gold crashed, suffering their worst quarter in twenty years.
Finally, despite the volatility that we saw in some stocks like Tesla, the overall stock market continued to climb, with the S&P 500 in the United States topping 4,000 points in early April.
In the diamond world, we have continued to see strong demand for pink diamonds, in particular those from the recently closed Argyle Diamond Mine, with investors looking to add these to their portfolios.
News that select Argyle Pink Diamonds typically sold via tender are fetching more than a million dollars each at auctions will help keep this unique asset class front of mind for a growing pool of would be investors, all of whom are looking to protect and grow capital in the years ahead.
In this week’s update, we kickstart our Pink Diamond Investment Series by looking at pink diamonds, and comparing them to superannuation, an investment that is of immense importance to every working Australian.