Pink coloured diamonds have outperformed all other asset classes over the last 10 years, with an average 12% growth per year.
The closure of the Argyle mine in November 2020, which supplied 90% of the world’s pink diamonds, has seen an ever-increasing demand from the Asian markets. Price increases are evident as global supply moves towards exhaustion.
The ATO (Australian Taxation Office) allows provisions for pink diamonds to be purchased using self-managed super funds (SMSF). There are certain parameters for using superannuation to purchase pink diamonds. Further information can be obtained by calling and speaking with Gina Coluccio.
