TORONTO, Oct. 12, 2017 /PRNewswire/ - Over the last
decade, the prices paid for fancy colored diamonds have continued
to increase. Paragon International Wealth Management, a
Toronto-based firm that is a leader in the acquisition and
management of fancy colored diamonds, expects this trend to
continue.
The early part of the decade saw a number of remarkable prices
paid for colored diamonds and a growing market for colored
diamonds. In 2011, for instance, the 31-carat Wittelsbach-Graff
deep blue flawless diamond, owned by Graff Diamonds founder
Laurence Graff, was sold for
$80 million to the then-emir of
Qatar, Sheikh Hamad bin Khalifa. Meanwhile, the Princie, a
34.65-carat pink diamond, was auctioned at Christie's New York in 2013 for $39.3 million. In 2015, Joseph Lau, a real-estate billionaire, bought
the Blue Moon, a 12.03-carat fancy vivid internally flawless blue
diamond, for $48.5 million at an
auction at Sotheby's.
The Lesedi la Rona, a 1,109-carat diamond mined by Lucara
Diamond from a mine in Botswana,
is the largest diamond found since 1905, and recently sold to Graff
Diamonds for $53 million. And earlier
this in April, the Pink Star, a 59.60-carat fancy vivid pink
diamond mined by De Beers in South
Africa in 1999 was purchased for $71.2 million at a Sotheby's Hong Kong auction by Hong Kong-based jewelry retailer Chow Tai
Fook.
Paragon International Wealth Management noted that, due to the
rarity of colored diamonds, they represent an excellent asset for
an investor, since their value increases over time.
Paragon International Wealth Management also highlighted that
the recently announced discovery of a 27.85-carat pink diamond by
Alrosa in Russia would present
another marker for the way the value of colored diamonds has
increased in the past few years. Paragon International Wealth
Management expects high interest in the diamond if it reaches
market.
ABOUT PARAGON INTERNATIONAL WEALTH MANAGEMENT INC.
Paragon International Wealth Management, based in Toronto, is a leader in the acquisition and
management of fancy colored diamonds. The firm is committed to
offering its clients outstanding advice and guidance in assembling
a valuable hard asset investment portfolio. Over the last decade,
fancy colored diamonds have grown in popularity as a vehicle for
investment and have historically shown higher profit margins than
other hard asset investments.
SOURCE Paragon International Wealth Management Inc.