Jewellery World Magazine - August 2021

Melbourne jeweller sources one of the
world's last red diamonds
Temelli Jewellery has achieved what few others have – they have acquired one
of the world’s last known Certified Natural Red Argyle Diamonds.
“This is next-level rare,” James Temelli, chief operating officer said of
the coup. “Before this one, I had only seen about four [red diamonds] in
real life, and those were at jewellery exhibitions.”
From the initial approach from the Australian investor who was looking
to buy one, to receiving the $800,000 sparkler, was a three-month
global process.
“It was part of our client’s superannuation strategy,” Mr Temelli
explained. “The client approached other jewellers in Australia, but we
were the most proactive to move on it and make it happen.”
Persistence and patience were what helped the Collins Street jeweller
realise the 0.47 carat red beauty from one of the world’s largest
diamond houses.
“We presented it to our client and facilitated the sale,” Mr Temelli said
triumphantly.
Globally it is considered extremely rare to even see an Australian
Natural Red Argyle Diamond in person let alone be allowed to facilitate
a conversation around the purchase of one, he added.
“My estimation is that perhaps less than five remain in Australia, most
are immediately purchased sight unseen by world figures like the
Sultan of Brunei and worldwide investment brokers and collectors.
“You have to be
proactive, if the
diamond is in
Jerusalem, for
instance, you have
to find out how to
get it to Australia.”
A procurement
of this kind is
reliant on secure
relationships and
involves an element
of risk. That is why
proof of identity, a fixed secured appointment, and payment in advance
are always part of any successful deal.
Not only that, but the destination jeweller must also have an
impeccable reputation, be safe, secure, trusted, and financially viable.
Said to be ‘absolutely ecstatic with the outcome’, the purchaser of this
brilliant red rarity is now in a class of their own. Considering the Argyle
Mine in Western Australia ceased operation last November and its
final showcase of its rarest diamonds from the final year of operations
is being auctioned off later this year, this acquisition is a real boon for
Temelli and the diamond investor themselves.
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In the past 21 years the price of red diamonds has increased by 500 per
cent and the values per carat will only become greater in time.
This incredible sale is yet another glittering example of the call for
luxury goods right now.
Temelli not only sources valuable diamonds, it also custom designs
jewellery and is open to working with other gem collectors who may be
looking to realise their investments just as their most recent client did.
Temelli Jewellery is a household name in Australia, their pieces have
adorned celebrities like Jennifer Hawkins, Jacinta Campbell and Tracey
Grimshaw, the brand is progressive and accepts American Express and
digital currencies including Qoin, Bitcoin, Ethereum and XRP.