05 Nov

What a week in pink diamonds!

It’s been a huge week in the pink diamond market, with a number of positive developments highlighting how strong the price rise in these diamonds has been over the past twelve months, and why this bull market is just getting started.

Below we look at these developments in detail, including the results from the last ever Pink Diamond Tender from the Argyle Mine, the release of our very own pink diamond index, and the wall to wall media coverage that has accompanied it.

Final Pink Diamond Tender results released from Argyle!

For months, the market has eagerly awaited the results of the last ever Pink Diamond Tender.

Dating back more than 30 years, the Tender is the highlight of the year on the pink diamond calendar as it were, with the diamonds sold via the Tender the absolute crème de la crème.

This year, it was clear that mine operator Rio Tinto, as well as everyone involved in the industry was expecting big things. And the Tender, titled “The Journey Beyond” did not disappoint, with reports suggesting it delivered the most significant set of record-breaking results in its 38-year history.

Continuing its trajectory of double-digit price growth, this year’s Pink Diamond Tender from Argyle helps reaffirm what a high-performing and unique hard asset pink diamonds are.

Sinead Kaufman, Chief Executive of Rio Tinto Minerals, discussing the Tender, was quoted as stating; “We are delighted with these results that are a reflection of the beauty, rarity and unique provenance of Argyle pink diamonds. They are also a testament to all those involved in taking these gems from a mine in remote Western Australia to the world.”

Those interested can read more about the results from the Tender here , while it is also of note that the blue diamonds Rio Tinto were selling as part of their Once in a Blue Moon Tender, were snapped up by a single bidder.

These results bode very well for the investment potential offered by these assets.

Diamond index released

Last week, Australian Diamond Portfolio was proud to launch the inaugural Australian Diamond Portfolio Pink Diamond Index (ADPPDI).

Providing a unique insight into price movements for pink diamonds over the 12 months to 30 June 2021, the ADPPDI has been built using pricing data for thousands of pink diamonds supplied by our global trade partners over the years.

The index categorises performance by shape, size, clarity and colour, as well as a combination of these factors, with the average price rise for pink diamonds over the last year coming to a staggering 30%.

This can be seen in the chart below, which highlights performance for the index as a whole, as well as the three primary categories of pink diamonds. As you can see, all parts of the market rose strongly, with fancy vivid pinks the standout performers, realising gains of almost 40% in USD terms.

A chart showing the price growth of pink diamonds

Source: Australian Diamond Portfolio

The full results from the ADPPDI can be accessed via the following report, which also includes sections containing;

  • A detailed overview of the pink diamond market.
  • Insights into the likely impact of the closure of the Argyle Diamond Mine.
  • Supply and demand side dynamics in the pink diamond market.

We hope you enjoy reading this report!

Download Report

Wall to wall coverage for pink diamonds

Since the release of the ADPPDI, we’ve been inundated with media requests, with a range of print, TV and radio journalists wanting to discuss the performance of pink diamonds in the last year, as well as their price trajectory.

This has included a radio podcast with Brooke Corte on Money News for 2GB (our interview starts at around the 29m mark),

There was also a very detailed interview with Stockhead. Their article title; “The Argyle mine has been closed for a year. Now its famous pink diamonds are thrashing the ASX 200” perfectly sums up how strong the market for pink diamonds is today.

The Australian, The ABC, The Market Herald, Channel Ten, SBS, and a handful of other media have also performed interviews and have either already released stories relating to pink diamonds, or soon will, while we just finished an appearance on Ticker News this morning.

As we’ve often stated, the more positive media coverage there is for pink diamonds the better, as they are still such an undiscovered asset class, with so much more upside potential.

To that end, if there is anything that we can do to help you on your pink diamond investment journey, from making your first purchase to adding to your portfolio, please don’t hesitate to get in touch.

We’d love to assist!

As always, we hope you’ve enjoyed this week’s edition of “In the Loupe” and look forward to any questions or comments you may have.


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