Fancy Diamonds Are Asian Women’s (And Men’s) Best Friend, Driving 40% of Global Value - PowerPoint PPT Presentation

About This Presentation
Title:

Fancy Diamonds Are Asian Women’s (And Men’s) Best Friend, Driving 40% of Global Value

Description:

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. – PowerPoint PPT presentation

Number of Views:46

less

Transcript and Presenter's Notes

Title: Fancy Diamonds Are Asian Women’s (And Men’s) Best Friend, Driving 40% of Global Value


1
Fancy Diamonds Are Asian Womens (And Mens) Best
Friend, Driving 40 of Global Value
2
Paragon International
  • In Asia these days, diamonds are more than just a
    girls 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.

3
From 2006 through 2016,
  • 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 China and Hong Kong account
    for some 40 percent of colored diamond sales. 

4
  • According to the FCRFs research director Tracey
    Greenstein, Its the Asian customers who have
    driven the increases in colored diamond prices,
    particularly for the exceedingly rare pink
    diamonds. In fact, in early April, it was a Hong
    Kong jewelry firm, Chow Tai Fook, that placed the
    winning bid for the exceedingly rare Pink Star
    diamond for a record-breaking 71.2 million.

5
  • As much as an investment, those his and hers
    diamond engagement rings, colored and not, are
    benefitting the market as well. Luxury jeweler
    Tiffany, for example, has had a concerted and
    profitable strategy to focus on brides (and
    grooms) in China. Its been a smart move, analyst
    Ike Boruchow, now with Wells Fargo, has said
    Theres nowhere to go but up as Chinas marriage
    rate is growing and Westernization has made
    diamond rings a must-have among newly engaged
    couples.
  • And as another reflection of the powerful Asian
    market, some of the most exciting auctions of
    fancy colored diamonds are being held in Hong
    Kong. Sothebys auction of the Pink Star diamond
    in April, for example? It was held in Hong Kong.

6
(No Transcript)
7
  • The Asian market aside, investors love affair
    with diamonds, and particularly fancy colored
    stones, continues unabated on a global basis as
    2017 progresses. The FCRFs Fancy Color Diamond
    Index showed pricing stability during the first
    quarter, although intense blue diamonds continued
    their 2016 trends with a 1.9 percent increase.
  • These are trends that Paragon International
    Wealth Management has been monitoring, according
    to Michael King, Director of Trading. Torontos
    Paragon International Wealth Management is a
    leader in acquiring and managing hard investment
    assets, with a specialty in fancy colored
    diamonds, particularly pink colored diamonds.

8
  • We are seeing continued demand for the more
    intense and vivid colored diamonds, and as the
    blues in this category continue to be challenging
    to find, the prices will continue to outpace
    other color diamond categories, King added.

9
As the year progresses, King said, the pinks are
also likely to rise in price. As he pointed out,
as the amount of wealth created in the global
economy continues to escalate, investors will
remain willing to pay for what is, all told, one
of the safest haven investments there is.
10
THANKS!
  • Any questions?
  • You can find me _at_paragoniwm
    info_at_paragoniwm.com or Call _at_1-855-366-5636

??
Write a Comment
User Comments (0)
About PowerShow.com