PNIK started life as AAA Minerals, Inc. in 2004 and eventually morphed into AAA Energy, Inc. and then FIGO Ventures, Inc. before becoming Precious Investments, Inc.. PNIK has been either in the energy market or minerals area for all its life. As recently as 2014 PNIK (as FIGO Ventures, Inc.) was in the minerals business via their lease of a gold mine in Columbia, South America. With the down turn in gold prices the company decided to suspend its mining operation in Columbia and seek out an opportunity in the colored diamond markets.
In order to further foster its position in the diamond trading market PNIK, via the acquisition of Karrah Inc. (Located in Toronto, Ontario, Canada), has also become a Manufacturer and Wholesaler of fine jewelry, a wholesaler of fine pre-owned vintage watches and buyer of jewelry, watches and diamonds via liquidations, bankruptcies and estate sales. The plans for Karrah are to take advantage of the model where Karrah has been successful in buying liquidation and closeout merchandise and supplying to retailers/auctioneer/collectors in Toronto and Vancouver.
PNIK will scale the business by funding the acquisition of more merchandise in order to do the same business south of the border with American auction houses and retailers. Karrah has developed relationships with major brokers and agents or bankruptcy and closeout merchandise. Karrah has also developed manufacturing tactics that allow it to customize Swiss watches with diamonds and gems enhancing their value. These two strengths will also be leveraged and used to grow the company. The Company also sells its Jewelry and estate pieces on its web site: www.fifthand.com
During August 2015 the Company entered into business with Kashif Khan a specialist in the wholesale colored diamonds and trading business.
Mr. Khan holds the record for both the 1st and 2nd most valuable diamonds sold at auction in Canada. During the course of his professional life he has been involved in the sale of over $200 million of gems.
He has also been featured on many Canadian News outlets as the leader in the sale of important diamonds in Canada. From 2012 to February 2014, he been involved in the sale of approximately 2,000 colored diamonds with an average size of one carat, boosting gross operating margins of approximately 30%.
Just like the worlds art masterpieces have seen the highest value of appreciation, so do nature’s masterpieces (colored diamonds) which are being sold for top dollars and have been outperforming all major stock indices over the last 18 years. On average the value of colored diamonds have increased annually by 12%-13% and have not decreased in price at the wholesale level since 1959.
The reason for colored diamonds to not only retain their value but show annual increases in value is because of the following:
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Precious Investments Inc.