Chris Del Gatto: “We provide capital to smart companies”

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a...

Yesterday

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production...

19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020

India's ‘moneybags’ clamber for pink diamonds as they are not forever

16 october 2020
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Image credit: Rio Tinto

The demand for Argyle pink diamonds in India has gone up almost three times compared to last year. The country’s high net worth individuals (HNWI) are rushing to grab an Argyle pink diamond before Rio Tinto’s Argyle mine in Australia closes down operations by the end of the year.
According to Indian diamond traders, there are business families and HNWI from places like Mumbai, Bengaluru and Hyderabad who are aware of the rarity of Argyle pink diamond and are keen to own one.
Besides being a collector’s item, pink diamonds are a valuable investment too. Every year, the price of the Argyle pink diamond has witnessed double-digit growth. And once the availability dries up, prices are expected to shoot up further. 
The price of Argyle pink diamond starts at $15,000 a carat and can go up to $1 million depending upon the size and clarity. For almost 40 years now, the Argyle diamond mine in Kimberley, Western Australia has been producing about 90% of the world's most coveted pink diamonds. With no new diamond mines been discovered in the past few years, the desire for natural diamonds has only increased.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished