Diamonds come in many wonderful sizes, shapes and colours and are treasured for both their sentimental and financial value. Amongst the beautiful range of naturally coloured diamonds, one of the most highly sought after and valued colours is pink. Over the past two decades these breathtaking diamonds have become increasingly popular with both investors and individuals who are looking for truly unique stones for their pieces of jewellery.
Likely to become scarce over the next decade, the increase in demand in pink diamonds has seen many record breaking auctions taking place across the world as investors seek to purchase these prized stones for their portfolios. In terms of fashion and pop culture, pink diamonds were in the spotlight as the diamond of choice for Ben Affleck and Jennifer Lopez’ 6.1 carat engagement ring valued at 1.2 million dollars in 2002. Not to be outdone, Enrique Iglesias proposed to Anna Kournikova with an incredible 11 carat pear shaped diamond valued at between $3 – $ 6 million. What makes pink diamonds so desirable? Quite simply, their stunning natural beauty and rarity.
Where are pink diamonds mined?
Natural pink diamonds can be found in Russia, South Africa, Brazil, Tanzania and Siberia, However, the biggest source of pink diamonds is the famous Argyle mine in the Kimberley region of Western Australia. Known for producing the finest quality diamonds, the stones are sold exclusively through annual tenders. Tenders usually consist of only 40-50 carats of diamonds being sold at an average size of around 1 carat.
Despite the low production volume of pink diamonds, representing 1% of all diamonds mined, the Argyle mine is the only reliable source in the world, producing 90 to 95% of all pink diamonds. Out of every 1 million tonnes of rough diamond that the mine produce, just 1 carat is suitable to sell.
Colours, tone and size
Pink diamonds come in a range of colours from a subtle, faint hue to a gorgeous deep shade of pink. Like other coloured diamonds, pinks are graded from faint to fancy deep. As the pink tone gets darker, hints of brown become increasingly visible eventually overcoming the pink and falling into the category of a brown diamond.
Regardless of size, this particular colour of diamond is in high demand. Pink diamonds vary in size from tiny melees to tens of carats although these larger sizes are extremely rare. The majority of auctions consist of small stones (melees) with numbers of larger stones severely limited (the number of pink diamonds over 2 carats is estimated to be in the dozens globally).
Why purchase a pink diamond?
Investors, collectors and consumers are drawn to the fantastic colour shades as well as the rarity of these stones. The high quality control and expert craftsmanship from the cutters at the Argyle mine means that it takes over a year to go from a rough diamond to a polished gem. Maintaining their quality, the Argyle mine provides a certificate of authenticity and inscription adding value and provenance.
Already rare and with an estimated 10 years of production left at the Argyle mine, pink diamonds are considered to be the ultimate of the naturally coloured diamonds. For example, 3% of all diamonds submitted to the GIA are coloured, of this figure 5% are pink.
Regardless of if you want to set or store a pink diamond, they remain an excellent way to diversify wealth and add to a collection. With numbers certain to dwindle in the future, there has never been a better time to explore pink diamonds. Our experts can assist you in sourcing the perfect pink diamond according to your needs and, without a doubt, adding a pink diamond to your collection or a piece of jewellery is a decision that you can forever treasure.