05 Nov 2020

‘The new Faberge egg’: Pink diamond prices set to soar as Australian mine producing 95% of the world’s supply prepares to close forever

This article originally appeared on the Daily Mail and can be accessed here.


The price of pink diamonds is expected to soar after the Argyle Diamond Mine which produced nearly the entire world supply closes this week.

The world’s largest pink diamond mine began when a group of geologists stumbled across a stone in the Kimberley region of Western Australia in the 1970s.

Since owner Rio Tinto began production in 1983 the mine has produced 95 per cent of the world supply of the rare diamonds.

Twinkling from rose through magenta to purple, the stones have commanded some of the diamond market’s highest prices. read more

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05 Nov 2020

Rio Tinto Argyle diamond mine closure may prompt rush of demand for ‘totally unique’ pink stones

This article originally appeared on the ABC and can be accessed here .


Rush of demand for ‘totally unique’ pink stones

A WA mine which makes up 90 per cent of the world’s source of pink diamonds is closing.(ABC News: Charlotte Hamlyn)

They are unfathomably rare “freaks of nature” that have taken 1.6 billion years to emerge from the earth’s mantle and end up on master jeweller Rohan Milne’s work bench.

“They speak for themselves,” Mr Milne said while polishing a ring at his Leederville workshop.

“When you’re putting a beautiful vivid pink diamond into a piece and you’re polishing it up, the colour just jumps out at you and it’s amazing.” read more

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05 Nov 2020

Iconic WA diamond mine to close, making rare pink gems ‘the new Faberge egg’

This article originally appeared in The Australian and can be accessed here.


The West Australian mine that produces 95 per cent of the world’s pink diamonds will close forever this week and the already high value of the precious gemstone is set to explode as a result.

Rio Tinto’s Argyle mine in the far east Kimberley region ceases production on Tuesday after unearthing more than 865 million carats of variously hued diamonds since beginning operations in 1983.

It has simply run out of sufficient reserves to continue economically-feasible mining.

Gemologist Olivar Musson, the creative director Sydney-based Musson Jewellers, said Argyle pink diamonds had increased in value by 500 per cent over the past 37 years and were going to be worth a lot more. read more

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05 Nov 2020

Rio Tinto’s Argyle diamond mine stops production after 37 years

This article originally appeared on ABC News and can be accessed here.


They say diamonds are forever, but time is finally up for Australia’s only operational diamond mine in Western Australia’s remote Kimberley region.

Since opening its doors almost 40 years ago, Rio Tinto’s Argyle diamond mine has produced 865 million carats of rough diamonds and is one of the few known sources of pink diamonds in the world.

But today the very last of these precious gems will be mined from the site, located within the ancient Matsu Ranges more than 3000 kilometres north of Perth.

Argyle general manager Andrew Wilson said employees and traditional owners would come together in a ceremony this morning to mark the historic milestone. read more

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05 Nov 2020

Rio Tinto stops operating at Argyle after 37 years

This article originally appeared in Australian Mining and can be accessed here.


Rio Tinto has completed its final day of mining at the iconic Argyle diamond mine in the East Kimberley region of Western Australia.

The Argyle ore body was discovered in 1979 and mining of the alluvial and surface deposits commenced in 1983. Prior to 1998, no plans had been finalised for the mine to continue past 2002. But Rio Tinto’s decision to build an underground mine below the existing open pit operations in 2005 led to an extended mine life to 2020.

More than 865 million carats of rough diamonds have been produced at the Argyle mine in its 37 years of operations, making it the world’s largest supplier of coloured diamonds. read more

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28 Oct 2020

America decides. The RBA has decided!

It would be remiss of us not to start this week’s market update without extending the warmest wishes from the Australian Diamond Portfolio team to our clients and contacts in Victoria.

We can only imagine how difficult the past few months have been, and we hope you are able to enjoy the freedoms you have had to sacrifice these past few months with your friends, family and loved ones.

In this week’s update, we talk about the upcoming Reserve Bank of Australia (RBA) meeting, scheduled to take place next week, and why it will likely end up being a critically important one for Australian investors trying to build and protect wealth in the years ahead.

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21 Oct 2020

Pink diamonds to benefit from capital rotation

In less than two weeks, the United States is set to go to the polls, with the outcome of the upcoming US Presidential Election set to shake up global financial markets.

Whilst the polls suggest Joe Biden and the Democratic Party will be victorious, betting markets are getting a little tighter, indicating there is some chance current US President Donald Trump will win a second term.

No matter who wins the election, investors will need to position their portfolios to protect and ideally grow wealth against a backdrop of several major trends that will play out in the years to come, irrespective of who ends up in the White House.

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14 Oct 2020

Luxury sales to drive pink diamond demand

Financial markets have continued their rally from late September, despite the resurgence in the spread of COVID-19 in the northern hemisphere, and huge concerns about the upcoming US Presidential Election.

Whilst rallies like this are always good for owners of financial assets, the question of when do you sell, or at the very least rebalance your portfolio will be at the forefront of many investors’ minds.

This is especially true as many indicators point to the rising risks in financial markets, and in the economy, with the latest data in Australia for example pointing out that Australians as a whole still have confidence levels that are as bad as they were in the GFC.

We are also seeing forecasts that up to 20% of households expect to reduce spending on many items in the month to come, as some government support measures like JobKeeper and JobSeeker are wound back.

In this week’s update, we look at trends in sales of luxury items, and recent auction news, all of which support the notion that pink diamonds are set for a strong period of outperformance in the years to come.

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07 Oct 2020

Four great reasons to own pink diamonds!

Just when you thought 2020 couldn’t get any stranger, last week the whole world found out that US President Donald Trump, his wife First Lady Melania Trump and a host of White House employees have all contracted COVID-19.

It only adds to the intrigue and confusion that has been building in the lead up to the US Presidential Election, which is due to take place in four weeks on Tuesday the 3rd November 2020.

Given markets hate uncertainty, there was no surprise that the news of Trump contracting COVID-19, as well as its re-emergence in Europe and other parts of North America was met with an original sell off in stock markets.

Irrespective of who ends up the White House, the bigger picture issue is that in time we will need to deal with the fact that the economic contraction caused by COVID-19 has no easy solution, with traditional investments like stocks and bonds likely to suffer in the years to come.

These trends all reinforce the investment case for pink diamonds, as we explore further in this note.
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30 Sep 2020

Demand for pink diamonds at all-time high!

This week’s market update looks at the latest news regarding the 2020 Argyle Pink Diamonds Tender, which is continuing to attract unprecedented investor interest around the world.

We remain convinced this will help spark the next leg higher in pink diamond prices, with now being the perfect time to reassess your investment portfolio, to make sure it’s appropriately positioned for the difficult years ahead.

For whilst Australia thankfully continues to make progress as regards a return to normalisation from the COVID-19 induced restrictions to people movement and economic activity, we face many difficult years ahead.

Lower growth, higher unemployment and higher public debt are all realities to contend with over the course of this decade, with these trends all helping to encourage investors into hard assets, including pink diamonds.

Argyle Diamond Tender sparks wave of buying!

It has only been four weeks since Rio Tinto unveiled its penultimate Argyle Pink Diamonds Tender. Titled “One Lifetime, One Encounter”, the dazzling range of 62 diamonds, which can be seen in the picture below, has helped spark a rush of buying interest.

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© 2020 Australian Diamond Portfolio. All rights reserved. Diamond image on investment guide cover © Rio Tinto 2020.

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