Pastor-Geneve News
admin on Jul 6th 2009
July 2009
As the global economies continue to show signs of stabilization, rare colored diamond buyers around the world continue to consider the consequences of monetary policy and inflationary pressures that could potentially mount in the future. With several diamond dealers and hard asset firms recognizing the potential of the market, the number of new dealers in rare colored diamonds should continue to increase demand over the medium to long term as new buyers are introduced to the market and supply continues to decline.
Pastor Geneve witnessed noted two small auctions in June showed solid results for colored diamonds, on the back end of a very strong auction season in New York, Geneva and Hong Kong in the spring.
The market continues to shift towards the Asian economies, as rare colored diamonds continue to penetrate new locations of wealth. With the Argyle tender of 2009 only offering 43 stones, as opposed to 65 stones last year, the strain of supply in Australia is beginning to show. Bidding is expected to be strong, as the Argyle pink diamond tour will spend more time in Asia.
Pastor Geneve is proud to offer for sale a rare pear shaped violet gray diamond as well as a beautiful pink diamond. These pieces were acquired from a collector with very good tastes and has given Pastor Geneve the opportunity to work with two very special pieces.
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