TORONTO, Sept. 6, 2017 /PRNewswire/ -- A rare intense blue diamond set to be auctioned by Bonhams this month is expected to realize as much as $2 million, which speaks, in turn, to the unrelenting investor demand for fancy colored diamonds, according to Toronto's Paragon International Wealth Management.
The blue diamond is the highlight of Bonhams London auction, which will also feature a brooch with a fancy grey-blue diamond at its center.
Paragon International Wealth Management helps clients build their investment portfolios of hard assets. The company's particular area of expertise is in fancy colored diamonds, which have appreciated far more than other hard investment assets.
Paragon International Wealth Management highlighted that this offering marks a continuation of exciting fancy diamond auctions this year, which speaks to an unabated interest in these rare gems. Earlier this year, the renowned Pink Star diamond was auctioned for an unprecedented $71.2 million. It's headlines like these, the company said, that helps keep the market buoyant.
The boom in the market for colored diamonds has been building since 2009, according to The Fancy Color Research Foundation. Overall, the market has grown by 142 percent. Pink diamonds, by far the rarest, have appreciated by an astronomical 315 percent.
The blue diamond to be auctioned at Bonhams is pear-shaped and weighs 4.03 carats. Paragon International Wealth Management points out that blue diamonds, while not as rare as pinks, are still hard to come by. The larger they are, and the deeper the color, the more colored diamonds will command at auction.
The other touted item at the upcoming auction, the brooch, is designed with several fancy diamonds next to the square, step-cut, 4.83-carat grey-blue at its center. It's embellished by two dark brown-greenish yellow diamonds – 2.51 carats and 2.38 carats respectively – and a 1.90-carat fancy pink diamond as well. It's expected to command as much as $1.1 million.
ABOUT PARAGON INTERNATIONAL WEALTH MANAGEMENT INC.
Toronto's Paragon International Wealth Management is committed to providing clients with guidance on building a successful investment portfolio of hard assets. In recent years, profit margins for collecting fancy colored diamonds has been significantly higher than other hard investment vehicles. Paragon International Wealth Management's expertise in the market has allowed the company to help clients ensure the highest possible annual returns on their investments.
SOURCE Paragon International Wealth Management