LUXURY

HOW WOULD THE EVER-DURABLE COLORED DIAMONDS MAKE THEIR WAY INTO THE FUTURE

風波不驚的彩鑽市場， 如何迎向未來的挑戰

Text / 劉允華 Photo / Ravenel International Art Group

翻開歷史悠久的 Knight Frank 公司的全球資產與投資報告，特別是 每年精心出版的精品投資章節裡，指出多數的投資者表示將重新審視情 勢，認為疫情過後將萌生更多嶄新的投資機會，甚至表達欲在此後補償 這幾年投資不足的缺憾。而我們也觀察到指標性類別之間，沒有任何寶 石與貴金屬，唯有彩鑽擠身於此。

另一方面，儘管遭遇各種難題，彩鑽的拍賣與批發市場依然活絡不 已。多年來專事觀察彩鑽市場的非營利機構 FCRF，便表示以 2021 年 第四季的統計數字而言，89% 的彩鑽類別價格都呈現上揚趨勢，這個季 度的總和漲幅也高達 1.7%，其中更有單一類別的單季漲 幅達到 7.9%。 從該機構所提供的指標走勢圖來看，2005-2021 年之間，多數彩鑽的表 現不俗於黃金和道瓊等重要股票指數，卻不具備其他指標常見的大幅走 勢震盪。其他市場裡難以避免的大規模投機現象，在彩鑽市場中幾乎毫 無可見的影響。

而，同樣來自 FCRF 的綜合觀察顯示，這個市場正準備進入一個全 新的階段。負責生產全球 90% 鑽石的 40 個礦區裡，只有 13% 能繼續 開採 40 年以上，但無一能超過 61 年。同時，假設今天立即發現一條 豐富的礦脈，最快可能也須等到本世紀末才能投產。這意味著，鑽石市 場將會逐漸進入全球產品總量不再增加的局面，此類精品值得注目的焦 點，也會逐漸集中在稀有度上。投資顧問公司 Bain and Co. 的研究便指 出，2021 年的鑽石原石交易量提高了 62%、庫藏量降至史上低點，價 格則提升了 20%。彩鑽作為鑽石中極少數的天之驕子，無疑地更將得 益於此項市場變遷。

綜合以上幾家重要機構的觀察，羅芙奧精品部認為，特別對於長期 精品收藏為主要興趣的投資者們而言，彩鑽具有價格穩定成長、易於收 藏保養、總量成長即將趨緩等等投資優勢。以粉紅鑽為首的彩鑽家族， 幾乎肯定會在您將來的藏品中大放異彩。

When we investigate the pages of The Wealth Report by Knight Frank, especially the chapters about luxury asset investment prepared minutely, we see the evaluation of this famed firm in the yearly market. This year, most of the investors are estimated to be re-evaluating the current situation and emphasizing the emerging new investment opportunities. Some of them are even expressing their will to fill the gaps in their investment in recent years. On the same pages, we also observe that within the luxury indexes, the colored diamond is the only one selected among the gemstones and precious metals.

On the other hand, the auction and wholesale market of colored diamonds keep being active, despite vast challenges. FCRF, the NPO that observed the colored diamond market over the years declared that the Q4 of 2021 statistics show that 89% of the colored diamond categories' prices are going up, to the sum of a 1.7% increase. One of the categories was increased up to 7.9%. As the index graphics of FCRF show, from 2005-2021, most colored diamonds performed at least as good as gold or Dow Jones, without the great versatilities as the latter. In other words, the grand-scale speculations that often happen in other markets do not work as such with colored diamonds.

Furthermore, as equally revealed by the observations from FCRF, this market is entering a whole new stage. Among some 40 mines producing 90% of the world's diamonds, only 13% can still mine for over 40 years, and no one can keep producing beyond 61 years. Meanwhile, should a rich vein be discovered today, it can only start production at the end of this century. This would mean that the diamond market is gradually stepping into the stage with the number of its merchandise does not increase. Thus, the focus would turn to the rarity of the product. The research of Bain and Co. shows that the trade volume of raw diamond

was up 62%, the global reserve dwindles to a historical low, and the price increased by 20%. The colored diamonds being the rarest of them all, would undoubtedly benefit from this change of tide.

After considering the observations mentioned above, the luxury division of the Ravenel International Art Group concludes that, especially for the investors who are interested mainly in long-term luxury collections, the colored diamonds have advantages such as a stable and increasing price, are easy to store and maintain, and will see their production slowed down in the foreseeable future. Lead by the pink variant, the future of the colored diamonds in your collection will certainly shine a brighter light.

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