Pink diamonds are in great demand these days. Everyone’s talking about their value not just as fashion statements but also as potential investment tools. This type of diamond is exceptionally beautiful with a pink and reddish hue. So, it’s no surprise that they are both expensive and rare. Celebrities are often seen sporting them and they generate a great deal of curiosity.
Here are 9 interesting facts about pink diamonds and in particular, Australian pink diamonds.
High Value: Colourless diamonds are valued based on 4Cs whereas the coloured fancy diamonds, including pink diamonds, are valued in relation to their colour. The price of the pink diamonds largely depends on their colour combinations. For example, pink diamonds with a purple hue command a higher price than pink diamonds with a brownish hue. As a rule of thumb, the higher the colour intensity of the diamond, the higher its value will be. If the secondary colour in a pink diamond is even rarer, then the price of the diamond will be exceptionally higher.
Size does matter: When it comes to pink diamonds, a larger size fetches more value and is priced higher. A .50 carat stone may sell for around $50000 whereas a 2-carat stone will sell for around $500000. This shows the significance of the pink diamond size.
The clarity in pink diamonds doesn’t matter much: In case of colourless diamonds, clarity is an important factor. They should be sparkling and have a perfect fit and finish. Not so much with pink diamonds! Colour has the tendency to hide flaws which is why people don’t bother much with how clear the pink diamond is. It still retails at a higher price.
Fancy cuts work best for pink diamonds: Colourless diamonds are mostly cut round and that is what brings the best in them and makes them look brilliant. However, with pink diamonds, fancy cuts work the best as they bring out the depth of the colours. It makes them sharper and brighter. The most popular shapes for a pink diamond are radiant, cushion, triangle and heart.
Pink diamonds are scarce: This does not need any emphasis. They retail so high because they are rare and the demand for them is high. They are found only in a few diamond mines all over the world. The largest mine that produces the pinkest diamonds in the world is the famous Argyle mine in Australia. Argyle pink diamonds have the most intense colour, are the rarest, most expensive, and most coveted diamonds. They make for great investments.
Pink diamonds have a mystery element: It is not clear what gives pink diamonds their bright pink colour. This adds a touch of mystery and uniqueness to the origins of pink diamonds. For example, we know that coloured diamonds get their hues from the trace elements that are present during their formation. Presence of nitrogen makes yellow diamonds and boron makes blue ones. Similarly, what makes pink diamonds is unknown.
Pink diamonds are expensive: If you haven’t guessed it by now, pink diamonds can be expensive. The reason has been discussed already above. They are rare and a high-quality pink diamond is very difficult to find.
Synthetic diamonds instead of pink ones: Synthetic diamonds are getting more and more popular among the general masses who cannot afford the pricier pink diamonds. For the uninitiated, synthetic diamonds are created in a lab using a chemical method and are not produced in a natural process spanning millions of years. Some people argue that they are fake and bear no resemblance to the real pink diamonds.
The most famous pink diamond in the world: The most famous pink diamond is called the Daria-I-Noor. It was retrieved by the Persian army and brought back to Iran after being worn by many kings. It is a light pink diamond weighing 186 carats.