Paragon International Wealth Management Inc.

In Asia these days, diamonds are more than just a girl’s best friend. Men appreciate them, too, and many couples will walk away from jewelry stores wearing his and her diamond engagement rings – frequently featuring fancy colored stones, in a suitably masculine color for him. In fact, a   DeBeers survey   found that 67 percent of Chinese men between 30 and 44 want to have diamonds.   Rising wealth and the Westernization of Asia, particularly in China, Hong Kong and Taiwan, are   driving the ongoing boom in the diamond market . Colored diamonds, in particular, are very hot, and buyers appreciate them as much for their beauty in a piece of jewelry as they do for the way they hold their value. From 2006 through 2014, fancy colored diamonds – think pink, yellow and blue – have appreciated by nearly 155 percent, more than twice the gains of the better known colorless white diamond. The Fancy Color Research Foundation (FCRF), which tracks diamond values, also notes that today

Paragon International Wealth Management , a   leader   in the acquisition and management of fancy colored diamonds, is reporting increased interest in rare green colored diamonds. The heightened attention the exquisite diamonds are attracting comes on the heels of last year's sale of the " Aurora Green " diamond, a very rare 5.03-carat fancy vivid green diamond. The magnificent piece was sold at auction for a record-setting   $16.8 million   by Christie's at the Hong Kong Magnificent Jewels sale in June last year. Featuring a spectacular rectangular cut, the fancy colored diamond was considered the focal point of the jewel sale and, according to representatives at   Christie's , the Aurora Green set a "world auction record for a green diamond and world record price per carat for a green diamond." 2016 proved to be an extremely good year for fancy green diamonds in particular. Before the Aurora Green brought in more than   $3.1 million  

Fancy colored diamonds continue to fetch high auction prices as buyer interest in diamonds remains strong. "The recent activity for colored diamonds at high-end auctions like Christie's and Sotheby's is fascinating to watch. Savvy investors are seeing how valuable and important fancy colored diamonds can be," explained   Michael King , Director of Trading for   Paragon International Wealth Management , a   Toronto -based investment firm that specializes in the acquisition of fancy colored diamonds for investors. Several exceptional pieces of colored diamond jewelry were among the highlights at Christie's Hong Kong Magnificent Jewels Sale on   May 30, 2017 . The top lot of the sale, based on pre-sale estimates , was a ring with blue and pink diamonds from luxury jeweler, Moussaieff. The ring has a 3.98-carat fancy blue vivid diamond in the center with a surround of 14 pink diamonds. A second colored diamond ring displayed at the   Hong Kon

It has almost been a year since the spectacular 14.6-carat Oppenheimer Blue diamond sold for a record-setting $57.5 million . The rare blue diamond, the sale of which was managed by auction house Christie’s for almost $4 million dollars a carat, is the most expensive blue diamond ever sold. Since the sale in May 2016, demand for rare fancy colored diamonds has steadily increased, creating what many have called the year of the colored diamond.  With that said, colored diamonds have been progressively gaining value over the last decade and are considered one of the best hard assets a robust investment portfolio can have. While Fancy Light Blue and Fancy Vivid Pink diamonds have made international headlines over the last two years for the amounts they have sold for, looking at historic data, the value of rare diamonds could potentially climb higher over the next five years. Between 2009 and 2016, the price of pink diamonds has increased nearly 180 percent and currently s