It seems that despite our strongest hopes, Australia will be grappling with COVID-19, and the disruption it can cause for a while longer, with the last week seeing cases of the disease spreading along the Eastern seaboard, and restrictions and mask mandates being brought back into our home state of NSW.
Meanwhile, financial markets are seeing heightened volatility, from equities to currency markets (the Australian dollar fell almost 5% last week), to cryptocurrencies and even precious metals.
By comparison, the pink diamond market remains a sea of tranquillity, with prices continuing to steadily increase, both due to the limited supply, and the uptick in demand we continue to see, which in many ways dates back to the closure of The Argyle Diamond Mine in last 2020.
Pink diamonds themselves have also been in the news again over the last week, with Australian Diamond Portfolio featuring heavily in an ABC News article on the investment opportunities this truly scarce asset class offers.
We explore in more detail below.