PANTERA PRIVÉ Appreciate a World-Class Hard Asset
PANTERA PRIV    Appreciate a World-Class Hard Asset
CONTENTS TABLE OF 1 WHO WE ARE 18 FANCY COLOR RESEARCH FOUNDATION 3 THE NATURAL COLOR DIAMOND MARKET 19 PRICE TRACKING CHARTS 5 REASONS TO ACQUIRE: COLOR DIAMONDS 25 THE FOUR C’S OF COLOR DIAMONDS 6 OUR REMARKETING PROGRAM 30 DIAMOND ANATOMY 9 OUR AUCTION PROGRAM 31 RARE AND FAMOUS DIAMONDS 12 CUSTOM DESIGNED JEWELRY 35 A PICTURE IS WORTH A THOUSAND WORDS 13 RARITY DEFINED: ARGYLE PINK DIAMONDS 37 A SPLASH OF COLOR 16 ARGYLE DIAMOND COLOR CODE GUIDE 39 DIAMOND ACQUISITIONS TERMS & CONDITIONS
CONTENTS  TABLE OF  1  WHO WE ARE  18  FANCY COLOR RESEARCH FOUNDATION  3  THE NATURAL COLOR DIAMOND MARKET  19  PRICE TRA...
WE ARE WHO Pantera Privé are buyers, sellers tion of the world’s top quality pink diamonds, straight from Australia’s Argyle Mine. and brokers of rare, conflict-free, natural color diamonds. We are not directly affiliated with any gemological laboratories or diamond mines. This means that Quality Control we are in the best position to acquire and broker diamonds from a variety of Like any industry, we are subject sources at the best prices, and the best to those who would put false or overall quality, to ensure you, as a client artificially created diamonds into of Pantera Privé, receive the optimum opportuni- the market. To combat this, we utilize the best ties and options for your portfolio. labs and appraisers to provide us with the most accurate diamond reports available on all our We utilize our staff’s many years of professional products. We maintain an “arm’s length” relationexperience in the diamond industry along with ship with every lab, to ensure no bias or partiality our knowledge of the breadth of offerings on exists in the evaluation of our clients’ diamonds. the market to best maximize our clients returns on their acquisitions. Logistics, Storage and Insurance Building a Portfolio Every diamond we sell is physically delivered directly to our clients, at our expense, via insured As in any investment category, choice of product express delivery services (barring any geographvaries widely, and can greatly affect the level of ical or delivery constraints), to enable all of our returns that one can expect. Purchasing larger clients the opportunity to examine the aesthetcarat weights or particular cuts of diamonds will ic beauty that are these earthly treasures. On not always offer the best returns. It is important those occasions where our clients do not wish to know what’s on the market, what particulars to receive delivery of their are trending better than others, and to know diamonds, they are kept when to buy, hold, or sell. in safekeeping at a highly secure off-site facility with insurance coverage by varAccess to the Rarest Diamonds ious Lloyd’s Underwriters. Through our long-standing business relationOur clients may view their ships in the diamond industry, we have access diamond acquisitions to the finest quality natural color diamonds that are available on the market, with a special selec- either at our offices in Amsterdam or at the var- 1
WE ARE  WHO  Pantera Priv   are buyers, sellers  tion of the world   s top quality pink diamonds, straight from Australia ...
ious diamond bourses located in various parts of the world upon 72 hours notice or less, to provide adequate time for security measures to be taken. In-person pick-up is also available at our offices, however again, a notice period is required and the client must provide proper identification. Structuring Your Acquisitions Your portfolio is entirely tailored towards your net worth and the size of your traditional investments. Initially our clients typically “dip their toe” at a range of USD $5,000 to USD $10,000 (or equivalent foreign currency) or more, for what we call “stepping stones”. These diamonds will offer the ability to trade more frequently and provide a comfort level within this market. On-going Management and Communication We presently employ a staff of well trained and dedicated professionals to assist each and every one of our valued clients. Our services include: regular communications through market newsletters, an actively updated information based website, and your dedicated diamond trader who will be in touch with you on a regular basis. Our discussions would include the latest news and trends in natural color diamonds as well as the status of your existing portfolio. Our traders possess an unwavering dedication to maximize the potential of your investment portfolio in order to build a healthy and long lasting financial relationship together. Whenever new and potentially high return diamonds enter the market, your diamond broker will be in immediate contact with you to ensure you have the opportunity to “strike while the iron is hot”. 2
ious diamond bourses located in various parts of the world upon 72 hours notice or less, to provide adequate time for secu...
DIAMOND MARKET THE NATURAL COLOR Natural color diamonds are the most concentrated form of wealth on the planet: we call them earthly treasures. Natural color diamonds have been appreciating at an average annual rate of between 10% to 25% since 1980. If history repeats itself it is anticipated that prices for investment quality natural color diamonds have the potential for further dramatic increases going forward. The stock markets have gone from upheaval to buoyancy and many experts believe that a significant correction is probable in the foreseeable future. Gold prices, once a haven for the world’s money in times of turmoil, have dropped precipitously, and no one can accurately predict when the bottom will be reached. Real estate and housing prices are at Of every 10,000 carats of brilliant, white flawless an all-time high and many experts opine that the diamonds mined (which are themselves extreme- bubble may burst and that prices will fall. ly valuable), just one (1) carat of color diamonds is found in nature. Even the United States government is trillions of dollars in debt and is printing paper money by Though natural color diamonds have appreciatthe ton. The banks are paying its depositors meaed historically, we have witnessed price increases ger interest rates which don’t even correspond to for pink diamonds (especially those emanating increases in the consumer price index for goods from the Argyle Mine), to be appreciating even and services. more significantly within the past three years. As a result, the demand and the prices for qualIn fact, the prices for all quality natural color diaity natural color monds - the yellows, reds, greens and blues (all diamonds have called fancies) - are showing steady increases. increased in direct proportion to the Why the increases? Simply stated.... demand decrease in the has outstripped supply. Investors and collectors value of traditional alike have become even more motivated as buy- investments such as ers because of the economic turmoil which has equities, bonds, real gripped the world economy. There is virtually no estate and bank cerother place to safeguard your disposable intificates of deposit. come. 3
DIAMOND MARKET  THE NATURAL COLOR  Natural color diamonds are the most concentrated form of wealth on the planet  we call ...
Therefore, quality natural color diamonds, especially the pinks, yellows, blues and reds, have always been and will continue to be (now more than ever), a sound and prudent investment. Diamonds are portable, marketable and liquid in every corner of the world. You can sell them worldwide, and in our opinion, their value shall increase over the medium to long term. During times of war, insurrection and political upheaval, natural color diamonds have always been coveted by investors as a safe-haven and a hedge against inflation. One has only to read the newspaper or watch BBC News or CNN to realize that with international economic uncertainty, terrorism fears, potential inflation or deflation....these times are now. As global economies recover from the collapses of the last eight years, during which time the prices of color diamonds have been and continue to be appreciating, they will without question be that much more valuable when the recovery becomes that much stronger. There is no better time in history to make acquisitions of color diamonds. 4
Therefore, quality natural color diamonds, especially the pinks, yellows, blues and reds, have always been and will contin...
COLOR DIAMONDS REASONS TO ACQUIRE NATURAL • Natural color diamonds at the wholesale level have never decreased in value over the last 40 years; • Based on diminishing world supply and continued demand emanating from the traditional buyers in the world’s wealthiest economies, coupled with dramatic increased demand from emerging markets in China, India, Russia and Latin America, it is generally regarded by experts that significant price increases shall continue in the medium to long term; stocks and bonds; • Unlike equities, bonds, gold, silver, platinum... natural color diamonds are not tied or correlated to a global economy; • Natural color diamonds are portable and the safest and most discrete way to transport wealth in the world, especially in times of • A hard physical asset that diversifies one’s portpolitical uncertainty, wars or civil unrest; folio securely and which is not affected by volatile market movements; • The value and rarity of natural color diamonds is recognized globally and can be sold in any • The Rio Tinto Argyle Diamond mine located in currency; Western Australia, which produces and supplies 90 - 95% of the world’s pink diamonds is • A hedge against global economic instability scheduled to close between 2018 and 2020; and the very real threat of serious currency devaluation and inflation; • No new mines producing natural fancy color diamonds have been discovered and the cost • Wealth preservation and asset diversification; of bringing one into production would cost billions of dollars assuming all environmental and regulatory issues have been resolved prior • Natural color diamonds are not tied to a globally priced market (unlike their colorless counthereto; terparts); • Color diamonds are undoubtedly the most concen- • An aesthetically pleasing hard asset commodity that can be worn and adored while apprecitrated form of wealth on the ating in value; planet; • There is complete privacy in owning natural color diamonds unlike real estate, 5 • A core holding that can be positioned as part of a succession (legacy) plan.
COLOR DIAMONDS  REASONS TO ACQUIRE NATURAL       Natural color diamonds at the wholesale level have never decreased in val...
PROGRAM OUR REMARKETING Natural color diamonds have historically doubled in value every four (4) to six (6) years at the wholesale level. As we warrant and represent that our prices are the least expensive anywhere, we offer a straightforward, no-nonsense re-marketing program that is not offered by any of our competitors. Every diamantaire, jeweler, dealer and broker in natural color diamonds is in the business of selling diamonds. They are not in the business of re-purchasing their clients’ diamonds unless they are repurchasing them at a steep discount from the original price, nor are they in the business of re-marketing their clients’ diamonds. Their primary interest is to sell their own inventory and not necessarily those of their customers, because their profit margins are higher. If a client has paid a retail price for their diamond(s), the re-marketing strategy becomes that much more problematic because the potential appreciation of those diamonds does not equate to a 4 to 6 year hold. Potentially, it could take a significantly longer time line well beyond 4 to 6 years for those diamonds to reach their original price or market value. In reality, the market value of any diamond is determined by what a willing buyer dealing at arm’s length will offer to a motivated seller. We have a totally different outlook; namely, we encourage our clients to come back to us in 4 years or more at their discretion, to allow us the opportunity to assist them in the remarketing of the diamonds that they have purchased from our company because had they purchased their 6 diamonds from us, they would have paid well below retail and market price. How do we do this? Firstly, natural color diamonds that are acquired for investment purposes and not necessarily for aesthetic reasons, are medium to long-term investments. If you are considering the acquisition of natural color diamonds for investment purposes only with a short-term horizon, we dissuade you from making any investment in natural color diamonds. However, should you have a longer-term horizon and you acquire quality natural color diamonds, history has shown that appreciation of 10% to 25% or more per annum is not uncommon. On this basis, we agree to re-market our clients’ natural color diamonds on or after the fourth anniversary date of their acquisitions by listing our clients’ diamonds on our website at a price which is reflective of the appreciated value of the diamond(s), if any. The price so determined shall be in accordance with the market price of similar natural color diamonds offered for sale at the time of listing. Our clients’ natural color diamonds shall only be listed for resale at a market
PROGRAM  OUR REMARKETING  Natural color diamonds have historically doubled in value every four  4  to six  6  years at the...
price agreed to in writing by the client and our company. Our company agrees to take commercially reasonable efforts in attempting to sell our clients’ diamond(s) on the same basis that we offer our own inventory for sale. pensate us for our re-marketing costs. For the purposes of clarity only, we provide the following hypothetical: A client purchases a natural color diamond from us on August 1, 2014 for $10,000. On or after July 31, 2018, the client authorizes In other words, the general public (potential us to sell and we agree to sell his/her/its diamond for $20,000. We determine that buyer) has the same opportunity to purthe diamond has a value of $21,000. The dichase your diamond(s) as they would our amond is sold. The client receives $20,000, own inventory. and our company earns $1,000. In addition, we have established a network Why do we list the market price at $21,000 of international diamond brokers whose using this hypothetical? As we deliver all of sole function is to offer natural color diour diamonds to our clients at the time of amonds for sale, whether the diamonds purchase with delivery and in-transit insurso offered are part of our inventory or the whole or any part of your natural color dia- ance costs borne by us, on re-marketing we must arrange for the re-delivery of the mond portfolio. diamond and GIA Certification back to us Once a sale price has been agreed upon, (courier and in-transit insurance costs to be your diamond(s) will be prominently disborne by us a second time). Thereafter we played on our website (as if it were our own may have to re-photograph the diamond if inventory). In the event your diamond(s) are applicable, and post the diamond and its sold at the agreed sale certification on our website. If price so established, the diamond is sold through once settlement is comour network of brokers, our pleted, we shall transfer costs associated with salary funds to you forthwith. and administrative costs must be considered. We also have We shall have the discosts associated with the setcretion to offer your tlement of payment to you (by diamond(s) for sale at a bank-to-bank wire transfer) price greater than the and the delivery and in-transit market price so estabcosts necessitated by a sale to lished (the “mark-up a third party buyer. price”) in order to com- 7
price agreed to in writing by the client and our company. Our company agrees to take commercially reasonable efforts in at...
or entity associated or affiliated with our competitors, their officers, and/or directors (if any), their employees, agents (directly or indirectly), or with any person or entity that has a non-arm’s length relationship with our competitor(s). The purpose of the preceding paragraph is to bring to the attenOur re-marketing program is available only to the tion of the public the fact that our prices for natural clients of Pantera Privé. color diamonds are the least expensive anywhere with or without our price match guarantee, and Our company is owned and operated by experithat we are concerned that our competitors could enced natural color diamond specialists who are potentially (directly or indirectly) provide us with acutely aware of the wholesale prices of natural written offers/confirmations which are not bona color diamonds globally. We are also cognizant fide, in an attempt to undermine and take undue, of the fact that persons (entities) could potentially unfair and unscrupupresent us with a written offer/confirmation from lous measures to acone or more of our competitors which is mala fiquire the whole or any des, and which may have been created to deceive part of our inventory us to activate our price match guarantee as hereat prices which are inbefore expressed. If in our unfettered discretion below our stated and we believe this to be the case, we expressly reserve published prices. the right to refuse to transact business with any person (entity) who provides us with false or misIf you require clarificaleading documentation which if otherwise (bona tion of any aspect of fide) would encourage us to honor our price match our price match guarguarantee without debate. antee and/or re-marketing program, we We shall only sell our encourage you to contact one of our service reprenatural color diamonds sentatives by telephone, email or fax. to our competitors at the stated price(s) on our website and our price match guarantee shall not apply to our competitors, their officers and/or directors (if any), their employees or agents, and any person In essence, if a sale is completed, our client could potentially receive a considerable profit on the transaction and our mark-up price will not necessarily become an impediment to a successfully completed re-marketing transaction. 8
or entity associated or affiliated with our competitors, their officers, and or directors  if any , their employees, agent...
EXCLUSIVE SHOWINGS OUR DIAMONDS & JEWELRY In addition to listing our clients’ diamond property on our website, we also provide auction programs and exclusive showings. Typically we conduct showings not less than twice and up to four times annually depending upon the quantity of diamonds and/or jewelry incorporating diamonds, which are presented by clients for auction. Our events are conducted at showroom facilities and exclusive investment show venues. The property offered at auction represents items of loose cut and polished diamonds and/or jewelry incorporating same, which are owned exclusively by our clients. We do not include any of our own inventory as we have a policy that we shall not compete for the sale of property at auction or showing with those of our own clients who wish to remarket their property. To enter one or more of our auctions or exclusive showings, our clients must first execute a written consignment agreement, a draft copy of which is available upon request. Under the terms of the said agreement the client must determine an estimated price range from a minimum to a maximum amount that they would be prepared to accept at a time of sale. In addition, the client must determine a reserve bid, being the lowest price that the client would accept from a successful bidder. The auction(s) in question are conducted as silent auctions whereby those in attendance can place written bids for item(s) 9 of property displayed. Once the auction is concluded, bids are opened by staff of Pantera Privé. In the event a bid or competing bids are equal to or greater than the reserve bid, the highest bid shall be deemed as the winning bid and staff shall advise the successful bidder forthwith that they have won the bid and settlement arrangements (payment) are concluded. In the event a bid or competing bids are obtained for an item(s) of property at auction which is less than the reserve bid, we shall contact our client as soon as reasonably possible to obtain their acceptance or rejection of the highest bid (if any). If the client agrees to accept the highest bid, which is less than the reserve bid, the successful bidder is informed that they have won the bid and settlement (payment) is arranged. The rationale in allowing client(s) the opportunity to consider a bid that is less than the reserve bid is to ensure the bid(s) that are relatively close to the reserve bid are not dismissed without first providing the selling client the opportunity to consider the viability of the bid. Of course, a client who has delivered their property for sale at our Pantera Privé events has the right not to accept any bid(s), which is less than the reserve bid at their sole and unfettered discre-
EXCLUSIVE SHOWINGS  OUR DIAMONDS   JEWELRY  In addition to listing our clients    diamond property on our website, we also...
tion. Reciprocally, we do not warrant, represent or guarantee that any item of property entered at our events will be sold. In order to offset and defray many of the costs to Pantera Privé in conducting our events on behalf of its clients, Pantera Privé charges a one-time fee ranging from five percent (5%) to ten percent (10%) of the reserve bid. The reserve bid is determined by the client in consultation with their account representative. In addition, Pantera Privé charges a buyer’s premium (not a client/seller’s premium) of 10% of the amount of the bid accepted by our client/seller which is due and payable by the buyer in addition to the price determined as the successful bid. The costs associated with conducting an event are considerable. Without restricting the generality of the foregoing, event costs include: 1. Advertising in the local media and online; 2. Arranging for delivery and in-transit insurance on the property of the client to be entered; 3. Creation and maintenance of an online site displaying our clients’ property available; 6. Security (not less than two armed security guards); 7. Staffing (not less than ten (10) staff members) for the purpose of displaying clients’ property prior to and during the event; 8. Catering services (food and champagne for those in attendance); 9. Arranging settlement (payment) by the buyer and payment to the client/seller. To prepare an item of property for auctions and private showings requires not less than a three (3) month preevent preparatory period. The services provided by Pantera Privé are available to its clients only. If you are a client (only) and are interested in viewing a copy of our draft consignment agreement and/or you require clarification regarding any material aspect of our auction and private exclusive showing process, please contact your account representative at your convenience. 4. Discussions and finalization of the terms and conditions contained in our standard consignment agreement including a determination of estimated price ranges (minimum and maximum) and reserve bids; 5. Storage (vaulting) and insurance respecting our clients property prior, during and subsequent to the event; 10
tion. Reciprocally, we do not warrant, represent or guarantee that any item of property entered at our events will be sold...
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JEWELRY CUSTOM DESIGNED The overwhelming majority of the world’s supply of cut and polished diamonds are ultimately incorporated and showcased into finished pieces of luxury jewelry. Thereafter the jewelry is marketed globally through upscale retailers, auction houses or through private sales to end users (consumers) seeking quality of design and fabrication. This process enhances the value and aesthetic beauty of the diamond(s) so incorporated. By incorporating one or more rare natural color diamonds into a unique and aesthetically desirable jewelry creation, the value of the finished product is increased and the ability to showcase the diamonds for sale to a third party buyer is enhanced. At Pantera Privé, we design and manufacture custom (one-of-a-kind) jewelry creations to showcase the beauty of our clients’ natural color diamonds. provide us with their budget, and are thereafter provided with one or more design renderings for their selection. Depending on the design selected in consultation with their respective account representatives, the jewelry piece is crafted in either 14 karat or 18 karat gold (white, yellow or rose) or platinum incorporating our client’s natural color diamond(s). Depending on our client’s budget, various additional white diamonds can be included, all of which are SI to VS clarity or better. One must appreciate that natural color diamonds are similar to snowflakes... each is unique and no two are exactly alike. This also holds true for our custom-made jewelry; each piece is unique and one-of-a-kind. Our account representatives and design team can fulfill virtually any request for a custom designed jewelry creation incorporating our client’s natural color diamonds. Our design service is gratis to the clients of Pantera Privé and custom design renderings in advance of fabricaAccording to the Diamond Industry Report, tion are available prepared by Bain & Company, Inc., global retail for rings, earrings, sales of jewelry incorporating diamonds for the bracelets, penyear 2015 was approximately USD $72 billion dants, necklaces and it is estimated that this figure will increase by and brooches. 6% per year to 2018 due to the expansive wealth and buying patterns which have emerged in China, India, Russia and Latin America. In creating a custom designed jewelry creation, our clients 12
JEWELRY  CUSTOM DESIGNED  The overwhelming majority of the world   s supply of cut and polished diamonds are ultimately in...
ARGYLE PINK RARITY DEFINED The Argyle Diamond Mine, owned and operated by Rio Tinto, has been an active open pit mine for over 30 years, but grew into an underground mine after a 2001 proposal to expand operations to extend the life of the mine. Japan being the largest consumer of pink diamonds, next to the United States; • The annual supply of pink diamonds The open pit closed in 2012, and the unis diminishing even derground pit became fully functional in more dramatically 2013. as the working life of the mine is edgMost pink diamonds drawn from the mine ing closer to 2018-2020; are less than 0.10 carats, however the largest rough diamond from the Argyle Diamond Mine weighed in at a whopping • The Argyle Mine has been in existence since 1985 producing in excess of 30 42.6 carats (found in 1991). million carats of diamonds per annum, of which less than 0.001% are pink There are a number of reasons to acquire diamonds, and only a portion of these Argyle pink diamonds: are cut and polished and considered investment grade. To put this in per• The Rio Tinto Argyle Mine produces spective, a year’s supply of cut and 90% to 95% of the world’s pink diapolished Argyle pink diamonds would monds; fit in the palm of your hand; • The mine is scheduled for closure be• There have been no new discoveries tween 2018 and 2020; of diamond mines producing pink diamonds since the formation of the • The demand for Argyle Mine almost 30 years ago, and pink diamonds none are anticipated due to the high worldwide has incost of bringing a mine into produccreased dramattion (in excess of one billion dollars), ically, as a conand the regulatory and environmental sequence of the hurdles which are inherent in creating wealth created one; in China, Russia, India and South America with 13
ARGYLE PINK  RARITY DEFINED  The Argyle Diamond Mine, owned and operated by Rio Tinto, has been an active open pit mine fo...
• A one (1) carat pink diamond available for sale in 1980 for $10,000 now sells for between $350,000 to $500,000 or more depending on the color saturation and quality of the stone; • Pantera Privé offers Argyle pink diamonds at the most competitive pricing in North America notwithstanding the limited supply available globally; • Argyle pink diamonds have a unique aesthetic beauty based upon their saturation of color which differentiates an Argyle pink from the limited quantities of pink diamonds which emanate from South Africa and South America; • Argyle pink diamonds are accompanied with either Gemological Institute of America (GIA) Reports and/or Certificates of Authenticity from Rio Tinto, and all Argyle pinks cut and polished after 2005 are laser inscribed with the Argyle logo (as shown on the GIA Report), or as evidenced by the Certificate of Authenticity. 14
     A one  1  carat pink diamond available for sale in 1980 for  10,000 now sells for between  350,000 to  500,000 or mor...
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“DIAMOND PRICES HAVE INCREASED AN AVERAGE OF 15% PER YEAR SINCE 1959, AND THE VALUES OF THESE PRECIOUS STONES ARE NOT DIRECTLY LINKED TO THE STOCK OR BOND MARKETS. THEREFORE, DIAMONDS ARE A GOOD HEDGE FOR INVESTORS LOOKING TO PROTECT AGAINST INFLATION RISK AND INTEREST RATE RISK.. FTMDAILY.COM 17
   DIAMOND PRICES HAVE INCREASED AN AVERAGE OF 15  PER YEAR SINCE 1959, AND THE VALUES OF THESE PRECIOUS STONES ARE NOT DI...
FOUNDATION FANCY COLOR RESEARCH History has shown and we reiterate that investment quality natural color diamonds have been appreciating at the rate of 10% to 25% per year or more over the last 40 years depending upon the quality of the diamond. In some cases this appreciation is even more dramatic - especially in the case of pink and blue diamonds. According to a recent index prepared by the Fancy Color Research Foundation, an independent non-profit organization formed to promote fair trade, ethics and transparency in the fancy color diamond industry, fancy color diamonds, across pinks, yellows, and blues, have increased in value by 167% on average since January 2005. This suggests that natural color diamonds have outperformed other leading assets in a similar period. For example, the Dow Jones industrial index has increased 58%, Standard & Poor’s 500 has increased 63% and London UK residential real estate has increased 82.1% over the same period. The published report states further that the index shows that pink diamonds have exhibited the greatest growth in value, up by 360% in the last nine years, with blue diamonds showing less dramatic, but equally consistent growth of 161% by value. 18
FOUNDATION  FANCY COLOR RESEARCH  History has shown and we reiterate that investment quality natural color diamonds have b...
PRICE TRACKING CHARTS At Pantera Privé, our outstanding relationships with the mandated representatives of the world’s premiere producing mines coupled with senior management’s cumulative decades of experience in the natural color diamond industry, provides our clients with the comfort level to move confidently into this most intriguing and potentially lucrative alternative asset class. The following are price tracking charts of natural color diamonds over the last 30+ years: 19
PRICE TRACKING CHARTS  At Pantera Priv  , our outstanding relationships with the mandated representatives of the world   s...
YELLOW DIAMOND CHARTS $300,000 Fancy Yellow Fancy Intense Yellow Fancy Vivid Yellow (prices per one carat) 2013 2016 $240,000 $180,000 $120,000 $60,000 $0.00 1980 1990 2000 2008 2009 2010 2011 2012 2014 2015 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: Auction (1980) || Originally Sold for (FY) $500/ct, (FIY) $1,000/ct. (FVY) $2,000/ct. *price derived from auction sale price * Dollar figures and projections depicted in the charts above (hereinafter called “forward-looking price expectations”) are based upon pricing for natural color diamonds which have been sold at auction or through private sale. Pricing and the projections extrapolated therefrom have been derived from reliable and independent sources though Pantera Privé cannot independently verify the pricing as expressed or the projections derived therefrom. 20
YELLOW DIAMOND CHARTS   300,000 Fancy Yellow  Fancy Intense Yellow  Fancy Vivid Yellow   prices per one carat   2013  2016...
PINK DIAMOND CHARTS $3,000,000 Fancy Pink Fancy Intense Pink Fancy Vivid Pink (prices per one carat) $2,250,000 $1,500,000 $750,000 $0.00 1980 1990 2000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: Private Sale (1980) || Originally Sold for (FP) $10,000/ct, (FIP) $20,000/ct. (FVP) $50,000/ct. *price derived from private sale price * Dollar figures and projections depicted in the charts above (hereinafter called “forward-looking price expectations”) are based upon pricing for natural color diamonds which have been sold at auction or through private sale. Pricing and the projections extrapolated therefrom have been derived from reliable and independent sources though Pantera Privé cannot independently verify the pricing as expressed or the projections derived therefrom. 21
PINK DIAMOND CHARTS   3,000,000 Fancy Pink  Fancy Intense Pink  Fancy Vivid Pink   prices per one carat    2,250,000   1,5...
BLUE DIAMOND CHARTS $5,000,000 Fancy Blue Fancy Intense Blue Fancy Vivid Blue (prices per one carat) $3,750,000 $2,500,000 $1,250,000 $0.00 1980 1990 2000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: Auction (1980) || Originally Sold for (FB) $20,000/ct, (FIB) $60,000/ct. (FVB) $100,000/ct. *price derived from auction sale price * Dollar figures and projections depicted in the charts above (hereinafter called “forward-looking price expectations”) are based upon pricing for natural color diamonds which have been sold at auction or through private sale. Pricing and the projections extrapolated therefrom have been derived from reliable and independent sources though Pantera Privé cannot independently verify the pricing as expressed or the projections derived therefrom. 22
BLUE DIAMOND CHARTS   5,000,000 Fancy Blue  Fancy Intense Blue  Fancy Vivid Blue   prices per one carat    3,750,000   2,5...
RED DIAMOND CHARTS $4,000,000 Fancy Red (prices per one carat) $3,000,000 $2,000,000 $1,000,000 $0.00 1950 1987 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Source: Private Sale (1950) || Originally Sold for (FR) $20,000/ct *price derived from private sale price * Dollar figures and projections depicted in the charts above (hereinafter called “forward-looking price expectations”) are based upon pricing for natural color diamonds which have been sold at auction or through private sale. Pricing and the projections extrapolated therefrom have been derived from reliable and independent sources though Pantera Privé cannot independently verify the pricing as expressed or the projections derived therefrom. 23
RED DIAMOND CHARTS   4,000,000 Fancy Red   prices per one carat    3,000,000   2,000,000   1,000,000   0.00  1950  1987  2...
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25 COLOR DIAMONDS THE FOUR C’S OF
25  COLOR DIAMONDS  THE FOUR C   S OF
CUT FOUR C’S: The value of a rare diamond is determined via a universal grading system known in the diamond industry as “the Four C’s”. Cut, carat weight, clarity and color are the four traditional and primary determining factors in confirming the authenticity of a diamond, color or otherwise, as well as assisting appraisers in determining value. The most crucial of the Four C’s for generating the “sparkle” or light performance of a diamond is the cut. In an ideal diamond cut, light should be reflected through the body of the diamond and back out through the top, or table, of the stone. In lesser quality pieces, or more shallow cuts, light will leak out through the bottom of the diamond. This dramatically affects our perception of the beauty of the diamond, and can affect, in natural color diamonds, how deeply the color of the stone can be visualized. Radiant Cushion Pear Emerald Trillion Princess Round Oval Heart Marquise 26
CUT FOUR C   S   The value of a rare diamond is determined via a universal grading system known in the diamond industry as...
CARAT FOUR C’S: (2 Carat) 2.00 ct. (1 1/2 Carat) 1.50 ct. (3/4 Carat) 0.75 ct. (1/2 Carat) 0.50 ct. (1 Carat) 1.00 ct. (1/4 Carat) 0.25 ct. (not to scale) Carat weight is simply the measure of a diamond’s weight, but may not necessarily be indicative of a diamond’s size. A diamond’s size is generally judged by the carat weight in combination with the measure of the top of the diamond (the table), as this is the view of a stone when set in jewelry. 27
CARAT FOUR C   S    2 Carat  2.00 ct.  1 1 2 Carat  1.50 ct.  3 4 Carat  0.75 ct.   1 2 Carat  0.50 ct.   1 Carat  1.00 ct...
CLARITY FOUR C’S: Internally Flawless (FL/ IF) Pure VVS-1 / VVS-2 Very Very Slight Inclusions VS-1 / VS-2 Very Slight Inclusions SI-1 / SI-2 / SI-3 Slight Inclusions I-1 / I-2 / I-3 Included Diamond clarity relates to the number of “blemishes” or “inclusions” that are visible outside and inside the body of a diamond. In natural color diamonds, lower clarity stones often possess deeper color tones than those with better clarity, and many gemologists and experts believe that this has little effect on the appearance of a natural color diamond. Better clarity grades are applied to diamonds with fewer or smaller imperfections, often not visible to the naked eye. 28
CLARITY FOUR C   S   Internally Flawless  FL  IF  Pure  VVS-1   VVS-2 Very Very Slight Inclusions  VS-1   VS-2 Very Slight...
COLOR FOUR C’S: Pale Color Less Rare & More Affordable Light Fancy Intense Strong Color More Rare & More Valuable Vivid In white diamonds, being “colorless” is ideal. However, at the opposite end of the color scale are “Fancy” color diamonds, which possess a rarity and uniqueness that gives them their own value scale. This scale includes: Light, Fancy Light, Fancy, Fancy Intense, Fancy Deep and Fancy Vivid. Color in natural fancy color diamonds occurs in a variety of ways. Natural phenomena present in the ground during the formation of color diamonds, such as trace elements of nitrogen or radiation, have a determining effect on the color of the diamond. Inclusions in the diamonds can in fact enhance the depth of color in fancy color diamonds, creating higher value, unlike their colorless counterparts. 29
COLOR FOUR C   S   Pale Color Less Rare   More Affordable  Light Fancy Intense  Strong Color More Rare   More Valuable  Vi...
DIAMOND ANATOMY There are a few other terms that may appear on certifications and appraisals for natural fancy color diamonds. Here are a few brief explanations: Diameter: The width of the diamond as measured through the girdle. largest diameter component in any part of the stone. Pavilion: The lower portion of the diamond, below the girdle. It is sometimes referred to as the base. Culet: The tiny facet on the pointed bottom of the pavilion, which is the portion of a cut gem Table: The large, flat top facet of a diamond; a below the girdle. key factor in ideal cut diamonds. Depth: The depth of a stone measured from Crown: The upper portion of a cut gemstone, the table to the culet; a key factor in determinabove the girdle. ing “fine cut” diamonds. Girdle: The narrow rim of a diamond that Facet: A plane, polished surface on a diaseparates the crown from the pavilion. It is the mond or other gemstone. TABLE CROWN GIRDLE 30 PAVILION CULET
DIAMOND ANATOMY  There are a few other terms that may appear on certifications and appraisals for natural fancy color diam...
DIAMONDS RARE & FAMOUS PINK STAR VIVID BLUE AND PINK RING GRAFF PINK The 59.60 carat Fancy Vivid “Pink Star” diamond sold at auction for $83,000,000 in November 2013. Sotheby’s sold a 6.01 carat Fancy Vivid Blue and Pink diamond ring for $10,100,000 at a Hong Kong auction. The Graff Pink is a 24.78 carat emerald cut Fancy Intense Pink diamond. It was purchased at Sotheby’s in 2010 by London jeweler Laurence Graff, who paid $46,158,674 - the highest price ever bid for a jewel at auction at that time. PRINCIE DIAMOND MANDARIN ORANGE FANCY INTENSE PINK RING The Princie Diamond is an approximately 34.65 carat cushion cut Fancy Intense Pink diamond discovered 300 years ago in India’s Golconda mines. In April 2013 it sold for nearly $40,000,000 at auction by Christie’s New York. Mandarin Orange, a 4.19 carat Fancy Vivid Orange diamond ring, sold for $2,900,000 which was the highest price for any fancy vivid orange diamond at auction. In December 2012, Sotheby’s auctioned off this magnificant 6.54 carat, Fancy Intense Pink diamond ring from the collection of Evelyn H. Lauder. The ring sold for $8,594,500. 31
DIAMONDS  RARE   FAMOUS  PINK STAR  VIVID BLUE AND PINK RING  GRAFF PINK  The 59.60 carat Fancy Vivid    Pink Star    diam...
THE OCEAN DREAM THE WINSTON BLUE THE GRAFF VIVID YELLOW The Ocean Dream Diamond - a 5.50 carat Fancy Vivid Blue-Green diamond sold for $8,633,798 at a Christie’s auction in New York in 2014. The Winston Blue Diamond, a 13.22 carat Fancy Vivid Blue Flawless - sold for $23,700,000 at Sotheby’s in 2014. The Graff Vivid Yellow, is a 100.09 Fancy Vivid Yellow Diamond set in a ring by Graff sold for $16,300,000 in May 2014 at auction by Sotheby’s. ZOE DIAMOND VIVID PURPLE PINK FLAWLESS OPPENHEIMER BLUE DIAMOND The Zoe Diamond is a 9.75 carat Fancy Vivid Blue diamond that sold for $32,645,000 at a Sotheby’s auction in November 2014. At Sotheby’s Hong Kong in October 2014, this 8.41 carat Fancy Vivid Purple Pink Flawless Diamond sold for nearly $17.8 million. This magnificent jewel sold at the Christie’s Geneva auction held in May 2016 for an incredible $57.6 million. 32
THE OCEAN DREAM  THE WINSTON BLUE  THE GRAFF VIVID YELLOW  The Ocean Dream Diamond - a 5.50 carat Fancy Vivid Blue-Green d...
“MOVE OVER GOLD BUGS! FUTURES TRADERS IN PRECIOUS ASSETS MAY HAVE A NEW BEST FRIEND: DIAMONDS.” MARKET WATCH 33
   MOVE OVER GOLD BUGS  FUTURES TRADERS IN PRECIOUS ASSETS MAY HAVE A NEW BEST FRIEND  DIAMONDS.    MARKET WATCH  33
“THE HIGH DEMAND AND EXTREME RARITY OF THE COLORED DIAMOND ARE WHAT KEEP PUSHING UP ITS PRICE” FORBES MAGAZINE 34
   THE HIGH DEMAND AND EXTREME RARITY OF THE COLORED DIAMOND ARE WHAT KEEP PUSHING UP ITS PRICE    FORBES MAGAZINE  34
“A Picture is Worth a Thousand Words” Arthur Brisbane, 1911 A Collage of Rare and Valuable Hard Asset Investments 35
   A Picture is Worth a Thousand Words    Arthur Brisbane, 1911 A Collage of Rare and Valuable Hard Asset Investments  35 ...
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NATURAL COLOR A SPLASH 37
NATURAL COLOR  A SPLASH  37
DIAMONDS OF COLOR 38
DIAMONDS  OF COLOR  38
TERMS & CONDITIONS DIAMOND ACQUISITIONS Purchase Written confirmation of orders will be issued together with an invoice prior to payment. Upon receipt of full payment into our bank account, we will provide a receipt of funds, as well as confirmation of delivery arrangements of the invoiced diamond(s). Payment All payments are due upon receipt of invoice unless agreed to prior to sale. We reserve the right to cancel unpaid orders at any time after their due date. We accept payment through all the major credit cards, including Visa, MasterCard and American Express, bank-to-bank wire transfers, and business and/or personal cheques. Certification of Diamond All original certificates, where available, will be provided to the client in their original form upon delivery of their diamond, or as soon as possible thereafter. Argyle Diamonds Argyle Diamonds are often accompanied with a unique Certificate of Authenticity issued by the mine. A Gemological Institute of America (GIA) diamond grading report shall be furnished in the absence of an Argyle certificate, the originals of which will be provided upon delivery of the acquired diamond. 39
TERMS   CONDITIONS  DIAMOND ACQUISITIONS  Purchase Written confirmation of orders will be issued together with an invoice ...
Storage Money-Back Guarantee In the event that a resolution to any Where requested, diamonds can be held in safekeeping in a secure, off-site dissatisfaction with an Pantera Privé product cannot be found to completelocation. ly satisfy you, we offer a 30 calendar Delivery day money back guarantee from date of delivery offering a full refund, less Diamonds are delivered to our clients any extraordinary expenses of hanwithin 10-14 business days upon redling, shipping, insurance, taxes, bank ceipt of full payment. transaction fees and any costs to us associated in re-classifying our prodAll of our diamonds shall be shipped uct, if necessary. The product (loose to our clients via secure delivery serdiamond(s) and/or jewelry) must be in vice fully insured to any physical adoriginal, new, unworn, unaltered and dress requested (post office boxes undamaged condition for a refund to excluded). The client’s signature, or be assured. the signature of an authorized third party, is required on all deliveries with proper identification in order for the diamond to be released. On transactions exceeding $250,000 we retain Brink’s as our agent in effecting insured deliveries. In the event a client requests that their diamond(s) and/or jewelry are to be held in safekeeping, our money-back guarantee expires 30 calendar days from the date of payment. Price All prices including taxes (if applicable) are quoted in US dollars unless stated otherwise. All invoices shall be paid and settled in US dollars unless agreed prior to sale. 40
Storage  Money-Back Guarantee  In the event that a resolution to any Where requested, diamonds can be held in safekeeping ...
“THE PORTABILITY OF DIAMONDS IS MORE FAVORABLE THAN THAT OF GOLD OR SILVER. A DIAMOND INVESTOR CAN CARRY A MILLION DOLLAR PORTFOLIO IN HIS SHIRT POCKET. FTMDAILY.COM 41
   THE PORTABILITY OF DIAMONDS IS MORE FAVORABLE THAN THAT OF GOLD OR SILVER. A DIAMOND INVESTOR CAN CARRY A MILLION DOLLA...
“THE HIGH DEMAND AND EXTREME RARITY OF THE COLORED DIAMOND ARE WHAT KEEP PUSHING UP ITS PRICE” FORBES MAGAZINE 42
   THE HIGH DEMAND AND EXTREME RARITY OF THE COLORED DIAMOND ARE WHAT KEEP PUSHING UP ITS PRICE    FORBES MAGAZINE  42
Disclaimer: Pantera Privé B.V. is not an investment advisor nor is it licensed to provide investment advice. We strongly recommend that our clients obtain independent advice if they are seeking to invest in diamonds as part of an investment strategy. Natural color diamonds have been subject to upward price movements historically. Pantera Privé cannot guarantee nor does it expressly warrant or represent that upward price movements of natural color diamonds which have occurred historically will continue in the future. PANTERA PRIVÉ B.V. International Head Office Singel 540, Suite 517 1017 AZ Amsterdam, Netherlands Tel (Head Office, Amsterdam): +31 (0) 20.8941.332 North American Office One World Trade Center, Suite 8500 New York, NY 10007 USA Toll-Free (in North America): 1-866-338-7740 Email: info@panteraprive.com Web: www.panteraprive.com Chamber of Commerce #: 64569446 VAT #NL855723853801
Disclaimer  Pantera Priv   B.V. is not an investment advisor nor is it licensed to provide investment advice. We strongly ...