Paragon International Wealth Management Highlights Green Diamonds' Upward Trend




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 per carat, the previous record for a green diamond was set in May 2016. "The Ocean Dream", a 5.5-carat fancy vivid blue-green diamond, was sold for $8.6 million, or $1.5 million per carat.
In March of this year, Merlin Diamonds, a mining company operating in Australia, announced they had recovered five green diamonds at their Australian mining operation. Ranging in size from 1.4 carats to 0.21 carats, the fancy green diamonds are expected to bring in plenty of attention when they are vetted, certified and brought to market.
"The recovery of these green diamonds is highly encouraging and follows Merlin Diamonds' previous discovery of a rare blue diamond in December 2016, demonstrating the mine's potential for producing valuable colored diamonds," the company noted in a press release.
The rare and valuable colored diamonds were located at Merlin's Kaye pit, where the company has operated since 2004.  Aside from the many fancy green diamonds, the Merlin mine has also produced the largest diamond ever found in Australia, which weighed 104 carats.
According to reports from Merlin, they have also mined several other fancy green diamonds recently through their ongoing operation in Australia.
ABOUT PARAGON INTERNATIONAL WEALTH MANAGEMENT INC.
Paragon International Toronto is committed to offering its clients with unparalleled advice and guidance in assembling a successful hard asset investment portfolio. Over the last few years, fancy colored diamonds have shown significantly higher profit margins compared to other hard asset investment vehicles. Our combined experience in the colored diamond market enables clients to achieve the highest possible annual returns on their investments in these markets.
Location: Toronto, ON, Canada

Comments

Post a Comment

Popular posts from this blog

Paragon International Wealth Management: Helpful Guidance for Investing in Colored Diamonds

Image
Investing in fancy colored diamonds is an opportunity that investors should consider. In fact, ever since the prices of fancy colored diamonds were first recorded, they have increased in value every year, with colored diamonds surpassing all other hard asset classes for several years now. So, what do you need to know if investing in colored diamonds is a wealth management choice you’re looking to pursue? Traditional diamonds, of course, have a foothold in the engagement ring industry, but what about their gemstone peers? There are several things you should consider when seeking to invest in colored diamonds. 1.      Colored diamonds are a stable investment  Global economic unrest has caused many investors to rethink their portfolio. Diversifying away from traditional investments into more tangible ones, such as colored diamonds, which have shown to increase in value over time, is an attractive option to investors. Colored diamonds are a form of investment that has
Read more

Toronto’s Paragon International on Impact of Argyle Mine’s Unclear Future

Image
The global mining giant,  Rio Tinto , which owns and operates the Argyle diamond mine in western Australia’s East Kimberley region, has reported a striking drop in the mine’s resources at the end of 2016 and recently announced it is reviewing its previous plans to expand the mine. Wealth management specialists say this will have a drastic impact on the value of Argyle diamonds moving forward.     Rio Tinto recently released an updated  reserves and resources statement  for the Argyle mine, a statement that described a drop in mine production by two-thirds, from 44 million tonnes of ore at the end of 2015 to 15 million tonnes at the end of 2016. The Argyle mine is considered to be extremely valuable to the diamond market. It’s been in operation since 1983 and has produced more than 800 million carats of rough diamonds. It’s also one of the world’s largest  sources of diamonds  and largest sources of natural colored diamonds, including the coveted  Pink Argyle diamond
Read more

Toronto's Paragon International Anticipates Record Pink Diamond price of over $60 Million at Auction

Image
Paragon International Wealth Management Inc.  expects an upcoming April diamond auction to be a landmark event as the most valuable polished diamond in history is set to make an appearance. The diamond auction will take place on  April 4th  at the Sotheby's Hong Kong Magnificent Jewels and Jadeite sale, where "The Pink Star", a 59.60 carat diamond that is estimated to fetch  $60 million , will be presented. The Pink Star was initially mined by De Beers in 1999 in  Botswana . 132.5 carats as a rough diamond, The Pink Star was cut and polished over a period of two years into a remarkably large, oval-cut diamond. The Pink Star is graded as a Type IIa, a rarity for any pink diamond, and is the largest Internally Flawless Fancy Vivid Pink diamond ever graded by the Gemological Institute of America.  This will not be the first time The Pink Star has seen the auction floor. In  November 2013 , The Pink Star was sold for  $83.2 million  
Read more