Discover the price tags of pink, red and blue diamond.
It could be the stunning radiance or the captivating allure of colours. Many people lust for the magnificent fancy coloured diamonds and have romanced the idea of owning this once-in-a-million gem. Although some diamonds are within reach in terms of the price tag, there is a cluster that commands a higher price than other fancy coloured diamonds. Not all diamonds are created equal – some have a composition so unique, they are rarities of nature.
These are the Australian pink diamonds, tapped from deep within the Earth’s crust. They were developed in a span of more than a billion years, in a perfect cocktail of pressure, temperature and trace elements. These exceptional diamonds rose to the surface, out of the dark and into the light, gleaming and have been winning people’s hearts for years.
How Fancy Colour Diamonds are Priced
Pricing these spectacular gemstones is not exactly simple. No specific calculations exist for valuing these; instead, some steps are undertaken to establish a particular diamond’s monetary worth.
The Fancy Colour Research Foundation (FCRF), an organisation promoting fair and transparent trade of natural coloured diamonds, determines the standard procedures for pricing. It entails sending the precious stones to a gemmological lab for a colour analysis of its visual elements like colour dispersion and undertone. The stones are valued according to:
- The 4C’s
The carat weight, colour, cut and clarity are the main price determinants for diamonds. However, in the case of fancy coloured diamonds, the colour and carat have the most effect on the tag. Fancy coloured diamonds in big carats are hard to come by, as these are extremely rare.
Same goes for colour. Stronger and well-defined colours are rarer and thus, more valuable. Even the most subtle variances in colour can impact the diamond’s price. For example, pink diamonds with purple or red undertones are rare and aesthetically superior to the other pinks and therefore command a premier price. Blue diamonds with a grey undertone, in contrast, are quite common and may be sold at a discounted price.
- The Shape
The shape is the diamond’s general form, and well-formed ones sparkle the best. The most beautiful shape is formed by a skilled artisan who understands the inner details of the diamond rough in his hand. No two diamonds are alike, and each one has its best form waiting to get fashioned out. A great diamond cutter works to ensure that the right cut will increase an average stone’s value.
Fancy coloured Australian diamonds are shaped to achieve its maximum colour radiance and intensity. The most flattering cuts in coloured diamonds are cushion and radiant cuts, as these can absorb and reflect light more beautifully. The popularity of some shapes, however, can also affect the price. Heart-shaped pink diamonds, for instance, are in demand, and therefore could cost more than the other less popular shapes.
- Diamond Grading: The Australian Certification Factor
Majority of diamonds sold online comes with a certification from independent labs. This grading certification can dramatically influence the diamond price. The Gemmological Institute of America (GIA) is one of the oldest and universally-recognised institutes that issues grading certificates for diamonds and other precious gems. Its evaluation process for white or colourless diamonds is second to none. When it comes to the most accurate grading system of coloured diamonds, though, the Australian pink diamond mine does it best.
The Australian certification grades a fancy coloured diamond according to its two vital aspects: colour and intensity. As an example, pink diamonds may be divided into the categories: purplish pink, pink, pink rose, and pink champagne. These are then numerically sub-categorised based on intensity; in the case of purplish pink, pink and pink rose, 1 is given to the most intense colour, 9 to the faintest blush of colour.
The value of fancy coloured diamonds increases with an Australian certification. Owing to its exclusive grading system and the prestige behind its Australian brand, colour diamonds with an Australian certification cost more than any other brand. It could be the distinctive hue or the extraordinary DNA; regardless, Australian diamonds are considered the rarest of all in the world.
- Market Factors
As with any other commodities, the supply and demand dynamics affect diamond prices. The decreased availability of natural coloured diamonds is driving the prices up in recent years. This is especially true with pink diamonds.
The closure of the Australian mine, the most significant source of natural pink diamonds, signalled the end of a harvest era for these unique coloured gems. The scarcity of these stones and the steady rise in its demand in the diamond market reflect its climbing value.
In the words of Michael Neuman, Director of the Diamond Guild of Australia: “The Argyle diamond mine in Western Australia is the only reliable source of pink diamonds on the planet.” A vast majority of the world’s supply of these precious pinks has its roots from the Australian diamond mine. How much do these Australian rare beauties cost? Considering the factors mentioned above, plus the fact that natural pink diamonds are increasingly harder to find, here are some examples of prices this category of diamond have been achieving:
- The Mondial “Charisse” diamond, an Australian 0.89 carat, radiant cut Fancy Purplish Red, retailed at around $1 million in 2013. https://mondial.com.au/blogs/media-and-press/pink-diamond-sets-new-world-record?_pos=1&_sid=5b2f89376&_ss=r http://www.thejewelleryeditor.com/images/mpda-charisse-ring/
- A Heart shape, 0.15 carat Fancy Vivid Purple Pink Diamond sells at about $38,993 (US$27,100).
- The beautiful, 0.21 carat cushion cut Fancy Intense Purple Pink Diamond sells at $40,935 (US$28,450).
Blue diamonds are 25 times rarer than its pink family, making it one of the priciest diamonds in the market. These dreamy azure gemstones are also found in the Australian mine in Kimberley, Australia.
The spectacular blues, form at the depths of more than 400-600 kilometres, where boron, hydrogen, and nitrogen plays with the carbon as the crystal lattice sets. The Indian Hope Diamond and the South African Blue Moon of Josephine are two of the most notable blue diamonds. To date, there are less than 40 blues that are over 0.50 carat yet almost equal amounts in the best investment grade clarities, VVS1 and VVS2, are found consistently in the 0.20 – 0.49 carat bracket. If you are thinking of acquiring your very own majestic piece of blue diamond, here is how much these may cost in the market:
- A 0.11 carat, BL2 Oval shape with VS2 Clarity and Australian certificate – AU$23,365
- Although you can pick up a piece of true Australian blue – a round cut NCB (near colourless blue) Australian diamond, weighing 0.02 carat – from $170.00. This stone comes from a parcel lot.
Pure carbon, devoid of any other elements makes up these fiery diamonds. The rarest of the rare, the mysterious and captivating red diamonds is one of the most coveted gemstones in the world. They are extremely expensive as they are scarce, with under 60 Australian certified red diamonds documented to date.
What’s so special about the Australian red diamonds, you may ask? The Australian Reds are known to have the most desirable, purest red and purplish red colour saturations!
- The Argyle Phoenix, a 1.56 carat emerald cut red diamond, was sold in 2013 for more than US$2 million, or around AU$2,877,700.
- A 1.32 carat, natural Fancy Purplish Red diamond sells at around $2,482,014 (US$1,725,000).
If you’re a wise investor, you would know fancy coloured diamonds are worth it, and you would know this is the right time to get started. Talk to an advisor at Argyle Diamond Investments Pty Ltd today to discuss your options.