News

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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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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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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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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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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The uptick in financial market volatility that we have seen in September continued in the last week, with global financial markets continuing their recent pull-back.

Whilst no one can be sure, we wouldn’t be surprised to see an extended period of uncertainty, with the US election only a few weeks away, and the threat of COVID-19 seeming to re-emerge in parts of Europe.

After our last couple of articles which have looked at the 2020 Argyle Tender, and some of the specifics of the pink diamond market itself, this market update looks at some of the economic and investment factors that continue to encourage astute investors to consider hard assets in the first place.

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It’s been a volatile first two weeks of September in financial markets, with the share prices of market darlings in the technology space particularly vulnerable.

This is a subject we explore in detail in this market update, highlighting why we think hard assets like pink diamonds are better placed to deliver strong long-term returns in the years to come.

We also look at the latest news regarding the recently released 2020 Argyle Pink Diamonds Tender; titled “One Lifetime, One Encounter”, which has sparked a wave of buying interest from clients at Australian Diamond Portfolio.

The market loves Argyle Pink Diamonds

As expected, the release of the penultimate Argyle Pink Diamond Tender; “One Lifetime, One Encounter” has acted to stimulate even greater media interest in pink diamonds, as well as heightened investor interest both locally and overseas.

Some of the key points that we have seen highlighted in recent media coverage about the Tender that we think are most relevant to investors include the following:

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