×
335
Fashion Jobs
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Chatra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager (up)
Permanent · Mirzapur
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - wb
Permanent · Cooch Behar
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
MUTHOOT FINCORP LTD
Area Manager - Chennai
Permanent · Chennai
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Katihar
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Delhi / Ghaziabad
Permanent · Ghaziabad
By
Reuters API
Published
May 10, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

For world's super-rich, a pink diamond is forever

By
Reuters API
Published
May 10, 2017

 For the world's super-rich, the investment of choice is increasingly a very rare naturally pink diamond, an asset class that this year has set records at auction.


Pink diamonds are not a bubble, analysts say Reuters


Tobias Kormind, managing director of 77 Diamonds, which has a shop in London's Mayfair district and sells online, says the trend for coloured stones has gathered strength as the world emerged from financial crisis.

"Very savvy investors clocked on to the fact these coloured stones are so incredibly rare," Kormind told Reuters Television.

Naturally coloured diamonds occur because of a particular lattice structure, formed when they were created at great pressure in the earth's crust, that refracts light to produce coloured rather than white stones.

Depending on their exact structure, coloured diamonds can be blue, yellow, red and pink, but pink is both rare and aesthetically highly prized by collectors, analysts say.

"Pink diamonds are not a bubble. There is a market. People are not just buying, but selling. There is economic sense to this," Edahn Golan, of Edahn Golan Diamond Research & Data, said.

In April a huge 59.6-carat pink diamond, the "Pink Star", sold for a record $71.2 million (£55 million) in Hong Kong.
The source of an estimated 90 percent of the world's pink diamonds is Rio Tinto's Argyle mine in Western Australia, which has been operating since 1983, meaning its deposits are depleted. Rio says it is due to close in 2021.

Even at the Argyle mine, Rio says less than 0.01 percent of annual production (14 million carats in 2016) comprises pink diamonds.

It does not disclose how much the pink gems add to its balance sheet, but told Reuters in an email Rio Tinto's Argyle pink diamonds have averaged double-digit growth for the last decade.

Analysts say the Argyle pink diamonds tend to be relatively small but vividly coloured. Other mines scattered around the world produce occasional pink diamonds.

The Fancy Color Research Foundation, based in New York and Tel Aviv, publishes indexes that illustrate price changes.

The most expensive category, the vivid pink index, shows an average annual price rise of more than 14 percent since 2005. Other pink diamonds have risen more than 13 percent per year.
 

© Thomson Reuters 2021 All rights reserved.