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Is it a good time to sell an Argyle Pink Diamond?

kgizo said:
Posting this here because we so rarely see resale prices for FCDs and this 0.52ct Argyle just sold. The hammer price was $81K, which means the seller got much less after auction fees. Current Leibish Argyle inventory posted for informational purposes. Prices vary widely. Good luck to you if you decide to sell and come back and let us know how it turns out.0195EAA7-42EF-42D0-8D38-26886832A1BF.jpeg
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Lot less than what Leibish is asking, though as you say, prices vary greatly. Which is why auctions are a dice roll. Though to be honest I think all these stones are overpriced for what you get aesthetic wise. I'll stick with good ole' colored gemstones.
 
Leibish is not selling gold by the ounce, with a universally-agreed-to price that takes 2 seconds to Google up.
They're selling FCDs, some of which are on consignment for owners who insist they are listed a sky-high prices, even after being told that at that price they probably will take a long time to sell, if at all.
 
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kenny said:
Leibish is not selling gold by the ounce, with a universally-agreed-to price that takes 2 seconds to Google up.
They're selling FCDs, some of which are on consignment for owners who insist they are listed a sky-high prices, even after being told that at that price they probably will take a long time to sell, if at all.
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No doubt. But that is how it goes no matter what you are selling when you want to much.
 
fredflintstone said:
No doubt. But that is how it goes no matter what you are selling when you want to much.
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Agreed.
I'm just responding to complaints I've read over the years that Leibish's prices are all over the map, inconsistent, don't make sense, or too are high.
 
kenny said:
They're selling FCDs, some of which are on consignment for owners who insist they are listed a sky-high prices, even after being told that at that price they probably will take a long time to sell, if at all.
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I didn't realize that some of their stones are being sold on consignment. This is good to know as when pricing FCDs, a lot of people pointed me to Leibish as a reference for retail pricing.
 
kenny said:
Agreed.
I'm just responding to complaints I've read over the years that Leibish's prices are all over the map, inconsistent, don't make sense, or too are high.
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Leibish has an outstanding service and especially in extremely rare colors an outstanding stock.
Presentation, pictures, video, the informations around the offered stone are just perfect. I love that you can use many filter.

A problem in my opinion is the GIA color grading. Leibish has a constant quality in their pictures - so sometimes you wonder what happened at GIA (A friend of mine send several ones to GIA - the results were sometimes really „funny“)

For example compare Fancy Red versus Fancy deep Pinks. Of course a red one had a much higher price as a deep Pink but is there really a difference in the color? Sometimes?

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But again - it is an outstanding service that we are able to compare the pictures and videos.

I bought two diamonds from Leibish and love them.
 
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pink diamond lover said:
Hi Everyone. I have a beautiful Argyle pink diamond. I bought it as an investment many years ago because i knew the mine was going to be closing and the mine produced over 90% of pink diamonds.

Priced have gone crazy, as I expected they would. Would now be a good time to sell? Or, am i best to hang on. The mine has been closed now for almost a year and half. I understand that no one has a crystal ball to answer this question. However, I am hoping there are people on here who would have a better understanding of this than i do.
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Sell now. When current buyers sell the market will get over saturated and the prices will drop. There are pinks from other mines as well.

Good Luck.
 
yogesh jogia said:
Sell now. When current buyers sell the market will get over saturated and the prices will drop. There are pinks from other mines as well.

Good Luck.
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This may be good advice if you do not sale through auction. But at the same time, all the hype surrounding colored Diamonds, I do not see a big sale off as many will hang on to their colored Diamonds expecting the price to increase and increase.

I think the big sale off at least for sub-carat colored Diamonds will happen when the price starts to decline (people fearing their investment is losing worth and selling off while they can make a profit), and I think there is not much room for them to increase in price. Of course, I'm not including the larger world class stones, but I think smaller colored Diamonds have about hit their ceiling.
 
Do you have anything you'd rather spend your money on if you had the cash? If so, it may be better to sell the stone now while the price is at a place you'd be happy with.
 
I'm watching this thread with interest...
I am opposed to promoting diamonds as financial investments.....I spend about 10 hours a day, 5 ( or 6 or 7) days a week selling diamonds.....
It's a tough job ( which I enjoy)
But the thought that consumers can buy diamonds from dealers, and turn that into profit.....I just don't see it.
Garry seems sure that there's no more pink melee now that Argyle is closed...
I have a lot of faith in Garry's knowledge...yet, we can still buy pink melee on the market....
I've always felt the entire bru-haha around Argyle diamonds was just a promotional stunt.....
 
Rockdiamond said:
Garry seems sure that there's no more pink melee now that Argyle is closed...
I have a lot of faith in Garry's knowledge...yet, we can still buy pink melee on the market....
I've always felt the entire bru-haha around Argyle diamonds was just a promotional stunt.....
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Definitely David.
But promo stunts can and often do work.
Look at D T for example. Not a lot of substance but rose to great heights.
The Kardashians!!!
Sub prime investments made a cohort of people rich (and crippled nations and families).
 
Garry H (Cut Nut) said:
But promo stunts can and often do work
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truer words were never spoken Old Buddy...
It's much easier to fool people than to convince them they've been fooled...
It is true that pink melee is costing us about 50% more than it did a year ago.
We can still get it, just at a higher price.....
 
Garry H (Cut Nut) said:
Correction Karl,
They did go underground about 12 years ago.
They mined upwards for about a decade and drilled further down to estimate the resource further down and decided it was not economic / too dangerous.

As to the likelyhood of any new diamond mine, let alone one with pinks, is zero zip!
All new diamond mines are likely to fail now that we have LGD's. More than half the value of what comes out of a mine gets sold in shopping mall's and on TV etc. The new promo goods are LGD's.

There are two companies in Australia selling at auction or auction like formats on behalf of pink diamond owners.
But what took me by surprise is that fact that the steepest price rises have happened in the very small sizes. The fact is that no other mines in the world ever had pinks that were strongly saturated in small sizes. I discussed this yesterday with John Chapman in my store - the Argyle scientist who worked on all sorts of stuff at Argyle since 1987. He agrees that there are no other sources of diamonds under around half a carat that have the color intensity and beauty of Argyle pinks.

The thing is that diamonds from half a carat down, apart from the occasional find in Brazil, have never matched Argyle pinks in small sizes. We jewelers are hooked on reverse clusters using 0.005ct to 0.10ct pinks in suites. They will be unobtainable apart from recycled stones.
A clever guy, John Gletz, from Singapore/Sydney saw the writing on the wall and had been buying parcels of melee from Argyle for decades and has put together collections of pairs to a dozen matching in various colors, sealed and graded in IGI credit card packs. We have been selling them like hot potatoes. Half probably as investments, for grandkids etc, and half to be turned into jewelry.
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Thank so much for the information Garry. I was sure i had read that they had exhausted their supply. I also noticed that many of the diamonds that have been sold in these previous tenders were around my diamond size so mine should fit in nicely with this next tender. What is your opinion about selling now or holding on? Would love to hear it. Thanks so much.
 
pink diamond lover said:
Thank so much for the information Garry. I was sure i had read that they had exhausted their supply. I also noticed that many of the diamonds that have been sold in these previous tenders were around my diamond size so mine should fit in nicely with this next tender. What is your opinion about selling now or holding on? Would love to hear it. Thanks so much.
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Wait while I throw some wheat in the air and watch which way the wind is blowing PDL ;-)

Aha - no wind so no direction today. Sorry :kiss2::cool2::eek2::naughty::love:
 
fredflintstone said:
Because auctions are inhabited with people looking for a deal. In other words, the want something for a little to nothing. You’re rolling the dice hoping for that lucky #7 at auction. But there are 11 other numbers. Unless as I wrote you really have something that they are going to bid large amounts on, but the right combination of people must be there to bid for that. Sometimes auctions are a good pay off, most of the time they are disappointing.

I take it the pink Diamond you are speaking of is your avatar, right? How big is it? What are you expecting to get out of it if I may inquire? It does look like a nice pink, but you can find quite a few sub-carat stones out there like that at very high prices, so more incentive for the people looking for a deal to go to auction hoping for that deal. You may come out on top. You should have a reserve, but as someone else already mentioned, consignment with a high end jeweler is the way I would go. It will most likely take longer, but at least you know what you are willing to part with it for and if it does not get sold you still have it for later.
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Yes, you are correct. The diamond is my avatar. It is .46 carat. Argyle diamonds were sold, pre mine closure, in yearly BLIND PRIVATE auctions by invite only. There has been 2 public auctions since the mine has closed. The people who attend these auctions are not regular people. They are people who want to own something that is very beautiful and RARE and they are willing to pay the price! I think this is a much better way to go than selling with a high end jeweler because you have a reserve price and then an expected price range. It is a BLIND auction so the highest bidder gets the stone. This stone is very beautiful and is perfect for a ring or necklace. The color is amazing. If i sell for the reserve price....i will make a very good profit. If someone decides they really want it they could bid much higher (5,000 - $20,000 higher in this case). A high end jeweler doesn't have that available to them.
 
Garry H (Cut Nut) said:
Wait while I throw some wheat in the air and watch which way the wind is blowing PDL ;-)

Aha - no wind so no direction today. Sorry :kiss2::cool2::eek2::naughty::love:
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lol that is too bad. I would love to know your opinion.
 
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kenny said:
Leibish is not selling gold by the ounce, with a universally-agreed-to price that takes 2 seconds to Google up.
They're selling FCDs, some of which are on consignment for owners who insist they are listed a sky-high prices, even after being told that at that price they probably will take a long time to sell, if at all.
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Hey Kenny, I was hoping you would jump in on this conversation!! I have seen some very ugly stones listed for silly prices. My diamond will go on tour to about 7 different places for a month before the tender is closed. Looking at what was sold in their previous 2 tenders, i think this has a very good chance at selling for bare min the reserve price....and possibly more. I have not seen many pink diamonds as nice as this one. Have you considered selling yours?
 
Rockdiamond said:
I'm watching this thread with interest...
I am opposed to promoting diamonds as financial investments.....I spend about 10 hours a day, 5 ( or 6 or 7) days a week selling diamonds.....
It's a tough job ( which I enjoy)
But the thought that consumers can buy diamonds from dealers, and turn that into profit.....I just don't see it.
Garry seems sure that there's no more pink melee now that Argyle is closed...
I have a lot of faith in Garry's knowledge...yet, we can still buy pink melee on the market....
I've always felt the entire bru-haha around Argyle diamonds was just a promotional stunt.....
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I will let you know the outcome. :-).
 
Nosean said:
There is an Australian platform for second market APD - the asked prices are very high and if a stone like the one from the OP is accepted there (sure it will be) there is no risk to loose money.
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My stone has been accepted. I am pretty sure that i am going to go this way as I haven't seen any really good ideas as to why i should hang on to it. :):kiss2:. I will let everyone know the result after the auction is completed.
 
fredflintstone said:
If it is a auction platiform, there is always a risk of losing money. No such thing as a full proof auction, unless a reserve is set, then it might not be met.

If it is a platiform for straight out sales, then great! I take it that is the platiform, straight sales, not auction as you are the one who wrote, "In my opinion the best to sell your diamond is if you find a vendor and sell it on a commission basis." - Which I absolutely agree with.
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A very reasonable reserve has been set.
 
pink diamond lover said:
My stone has been accepted. I am pretty sure that i am going to go this way as I haven't seen any really good ideas as to why i should hang on to it. :):kiss2:. I will let everyone know the result after the auction is completed.
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this company does the same thing
yourdiamonds.com

Realtime Online Diamond Valuations and Sales - YourDiamonds

We are the worlds first creating apps for realtime, online diamond valuations and sales. Come join us on this exciting quest for innovation and excellence which is Your Diamonds.
yourdiamonds.com yourdiamonds.com
 
pink diamond lover said:
Yes, you are correct. The diamond is my avatar. It is .46 carat. Argyle diamonds were sold, pre mine closure, in yearly BLIND PRIVATE auctions by invite only. There has been 2 public auctions since the mine has closed. The people who attend these auctions are not regular people. They are people who want to own something that is very beautiful and RARE and they are willing to pay the price! I think this is a much better way to go than selling with a high end jeweler because you have a reserve price and then an expected price range. It is a BLIND auction so the highest bidder gets the stone. This stone is very beautiful and is perfect for a ring or necklace. The color is amazing. If i sell for the reserve price....i will make a very good profit. If someone decides they really want it they could bid much higher (5,000 - $20,000 higher in this case). A high end jeweler doesn't have that available to them.
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And that is the big question, if it meets its reserve price??? I hope it does for your sake.


I was in the trade for four decades, and as I wrote before, auctions very rarely meet the seller’s expectations in stones that are not large and very, very, rare. While I am not saying your stone is not rare, it is not rare as compared to a 1 carat stone (plenty of .50 pt and lower sub carats size pinks on the market), let alone a larger one of the same color or better, everything being relative. While we always hear of record-breaking auctions, many times private sales will blow those away. You don’t hear about them because the buyer and seller don’t want you too. They are private.

And one more thing please. People are always at auctions to get the deal. No matter if it is Sotheby's, Christie's, or the auction you are speaking of. They are there for a deal under retail. Always.
 
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pink diamond lover said:
Thank you Nosean. I really appreciate that!
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fredflintstone said:
And that is the big question, if it meets its reserve price??? I hope it does for your sake.


I was in the trade for four decades, and as I wrote before, auctions very rarely meet the seller’s expectations in stones that are not large and very, very, rare. While I am not saying your stone is not rare, it is not rare as compared to a 1 carat stone (plenty of .50 pt and lower sub carats size pinks on the market), let alone a larger one of the same color or better, everything being relative. While we always hear of record-breaking auctions, many times private sales will blow those away. You don’t hear about them because the buyer and seller don’t want you too. They are private.

And one more thing please. People are always at auctions to get the deal. No matter if it is Sotheby's, Christie's, or the auction you are speaking of. They are there for a deal under retail. Always.
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I feel the the reserve price is very reasonable. I am not in any rush to sell it. I lose nothing if it doesn't sell. They will keep it for me for as long as it takes to sell and while it is in their care I don't have to worry about paying insurance or storage fee's that i would have if i kept it here. If i decide to go a different way, i just pay to have it shipped back to me with no fee's added. I see it as a win win. As long as it is in their care I am saving money on insurance and storage. These costs add up over time :-).
 
pink diamond lover said:
They will keep it for me for as long as it takes to sell and while it is in their care I don't have to worry about paying insurance or storage fee's that i would have if i kept it here.
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Interesting...the auction house takes all the risk and doesn't recoup anything? If heaven forbid, the diamond was lost, you're covered?
 
Rockdiamond said:
Interesting...the auction house takes all the risk and doesn't recoup anything? If heaven forbid, the diamond was lost, you're covered?
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They get a commission from both the buyer and the seller when it sells.
Rockdiamond said:
Interesting...the auction house takes all the risk and doesn't recoup anything? If heaven forbid, the diamond was lost, you're covered?
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As long as i choose to keep it there (no time limit) there are no additional charges and they will keep putting it in auctions. However, if I were to choose to request the diamond back prior to the tender then i would be responsible for the buyer and the seller's commissions and of course fee's and any other taxes etc. If the diamond was returned to me for any other reason i would be solely responsible for shipping, taxes etc. I can't think of anything that would cause me to want it back prior to the tender and have to pay those charges. That would be stupider than stupid lol. I am very happy to keep it there as long as it takes. If my diamond is lost it is covered under their insurance so i would be completely covered, yes. As soon as they pick it up from me I am covered under their insurance. I truly feel that this is a beautiful stone and will sell for the very reasonable reserve price or higher. The auction house doesn't really take that much of a risk and will be paid well if the stone is sold or I request the stone back prior to tender. They pay insurance and storage regardless of my little teenie tiny stone lol. These people are professionals with years of experience with Argyle diamonds. They are not going to take on a stone that they don't think they can sell. If they receive the stone and it isn't what i said and showed it was....they would return it to me at my cost as it was/will me my cost to ship it to them. Their risk is minimal as the auction will still go on regardless of my stone and they don't pay me until they have been paid in full by the buyer. I think it is a very good idea and will help many private buyers and sellers come together with low risks for everyone. Win Win :-)
 
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pink diamond lover said:
I feel the the reserve price is very reasonable. I am not in any rush to sell it. I lose nothing if it doesn't sell. They will keep it for me for as long as it takes to sell and while it is in their care I don't have to worry about paying insurance or storage fee's that i would have if i kept it here. If i decide to go a different way, i just pay to have it shipped back to me with no fee's added. I see it as a win win. As long as it is in their care I am saving money on insurance and storage. These costs add up over time :).
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amendment: if i choose to go a different way after the tender, i will have to absorb the shipping and taxes for delivery both ways which will pay itself off just with storage and insurance cost that i am saving. If i choose to go a different way before the tender it would be a disaster for me as i would have to pay buyer and seller fees lol but there is no way that will happen :-). I am in no rush to sell.
 
Garry H (Cut Nut) said:
this company does the same thing
yourdiamonds.com

Realtime Online Diamond Valuations and Sales - YourDiamonds

We are the worlds first creating apps for realtime, online diamond valuations and sales. Come join us on this exciting quest for innovation and excellence which is Your Diamonds.
yourdiamonds.com yourdiamonds.com
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You are correct Garry. That is the Company that I am dealing with. They have been so very helpful to me. This is such a great new platform that makes it much easier for private sellers and buyers to be able to sell or buy Argyle Pink Diamonds. Before this platform, there really was no way for a seller to be able to make a profit from this very profitable asset. If i had lots of money, there is no way that i would be selling this diamond at this time. I believe they will be increasing more and more as time goes on with the Argyle mine now being closed. I believe if a person has a lot of money Argyle pink diamonds should be a part of your portfolio. However, I am not in that catagory and it has become very scary to own something so valuable because i can't afford to keep it insured and stored properly and because of this i am too scared to wear it as i had planned.

So for anyone who is fortunate enough to own an Argyle pink diamond or anyone who has money available and are looking for a place to invest it, i would HIGHLY recommend going to the above link and checking out their site. The customer service that i have received from this company is way over and above what i have every received from any company before.

I have been dealing with Karen Lindley. She is one very incredible woman and has helped me so very much. I would encourage you to contact her directly at [email protected]. You can see her profile on Your Diamonds website. She is one very accomplished woman! The service she and her team have provided me has helped so much!
 
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