Investing in argyle diamonds can be a great way to diversify your investment portfolio and potentially earn strong returns.
Argyle diamonds are a type of diamond that is mined in Western Australia’s Argyle Mine. These diamonds are known for their exceptional quality and are highly sought after by collectors and investors alike. In this post, we will provide an introduction to argyle diamonds as an investment and explore why they are valuable.
What are Argyle Diamonds?
Argyle diamonds are unique because they are sourced from a single mine, the Argyle Mine, located in the remote Kimberley region of Western Australia. The mine has been in operation since 1983 and is set to close in 2023, making Argyle diamonds even more rare and valuable.
What Makes Argyle Diamonds Valuable?
Argyle diamonds are valuable for several reasons. First, they are extremely rare. The Argyle Mine is one of the world’s few sources of high-quality pink and red diamonds, which are the most sought-after colors in the diamond market. In fact, less than 0.1% of diamonds mined from the Argyle Mine are pink or red, making them extremely rare and valuable.
Second, Argyle diamonds are known for their exceptional quality. They are graded on a scale of D to Z, with D being the highest quality and Z being the lowest. Argyle diamonds typically fall within the D to F range, which is considered to be the highest quality.
Third, the closure of the Argyle Mine in 2023 is expected to drive up the value of Argyle diamonds even further. As the supply of these rare diamonds dwindles, the demand is expected to rise, making them even more valuable as an investment.
How Can Argyle Diamonds be Used as an Investment?
Argyle diamonds can be used as an investment in a few different ways. One way is to buy individual stones and keep them for a long time, hoping that their value will go up over time. Another option is to invest in diamond funds or ETFs that focus on Argyle diamonds. This lets you invest in the diamond market without having to buy individual stones. Investing in Argyle diamonds can be risky due to market fluctuations and difficulties in converting diamonds into cash. Therefore, it is important to thoroughly investigate and seek guidance from a trusted dealer or financial advisor who is knowledgeable about the diamond industry.
In summary, Argyle diamonds are a special and valuable investment opportunity. They have amazing quality, are scarce, and considering that the Argyle Mine is closing soon, they may bring good returns for investors who are ready to take risks in the diamond market.
