Jeweller found Aussies are spending big on pinks

1/2 18CT WHITE AND ROSE GOLD PINK FLORAL DIAMOND RING Renowned Western Australian jeweller, Linneys, has reported an uptake in consumers spending money on luxury…

1/2 18CT WHITE AND ROSE GOLD PINK FLORAL DIAMOND RING

Renowned Western Australian jeweller, Linneys, has reported an uptake in consumers spending money on luxury goods, despite inflation being on the rise. The jeweller, specialising in diamond and pearl products, has noted a 10 percent increase in sales year-on-year, with a massive 60 percent increase in pink diamond sales. 

“The spike in sales must partly be attributed to reduced spending due to numerous years in lockdowns,” said Justin Linney, creative director, but he’s equally keen to attribute the closure of the Argyle diamond mine as part of the reason for the increased interest in pink diamonds.

2/2 EMERALD CUT PINK DIAMOND RING


“The price of a Pink Argyle Diamond could rise at least 10 percent year-on-year,” Justin said. “This puts the rare and sought after gem on the radar for many jewellery lovers, collectors and investors.

“An Argyle pink diamond can range anywhere from $1,000 to $10,000,000 depending on their colour, size and clarity so you can only imagine just how much the value of these diamonds will increase over time,” Justin added.

arrow-rightcaret-downchevron-leftchevron-rightclosefacebook-squarehamburgerinstagram-squarelinkedin-squarepauseplaysearchtwitter-square