Is it the beauty, the history, or simply the uniqueness about pink diamonds that makes people lust for them?
Pink diamonds or coloured diamonds are growing in popularity much faster than their colourless counterparts. Over the last few years, they have attained an almost cult like status in the diamond industry. What makes them so desirable? What is it about them that everyone wants to adorn one and not miss out on making a pink fashion statement? There are many reasons but uniqueness and rarity of the pink diamonds is certainly at the very top.
In fact, the coloured diamonds are so rare that the highest-quality pink diamonds fetch many millions of dollars more than the traditional ones. There is a certain aura and mystique about the origin of pink diamonds that has made them revered pieces of stone. Let’s take a look at what has upped the desirability quotient of the pink diamonds.
A white diamond is simply pure carbon that is baked to develop a crystal clear perfection. All other shades of the diamonds are caused by the impurities in the molecular structure of the stone. So if there is boron in the stone, it gives it a blue hue, traces of nitrogen make the stone yellow but there is no clarity or understanding about what turns them pink or even red. No wonder then that this sense of mystery behind their existence makes them even more desirable.
Preferred Diamonds of the Kings
Ever since the 17th century, when the french writer and gem merchant Jean Baptiste Tavernier discovered the first pink diamond in the state of Golconda, India and wrote about how magnificent it was in his book “the six voyages”, the Kings around the world took note and started buying and selling them. Many centuries later, the South African mines were discovered and De Beers, first mine associated with the legacy of pink diamonds emerged.
Pink Diamonds Find Fans In The Rich and The Famous
In the recent years, celebrities from films, fashion, business, and sports fraternities have showed an immense interest in acquiring these coloured stones. Former tennis star Anna Kournikova, actress Blake Lively, and Victoria Beckham own one form or the other of the pink stone and have publicly demonstrated their affection for their prized possessions. This has certainly helped in great publicity of these rare gems and it has become the talk of the town in the world of fashion.
Argyle Mine Closing Down
For the uninitiated, world-famous Argyle mine is the hub of pink diamonds. Since 1980, it has supplied 90%, if not more of the world’s pink diamonds and now there are rumours that it may close down. This has lead to an unprecedented interest in acquiring them lest their prices may increase even further due to shortage. Back in 1983, when the mine first opened in Western Australia, it yielded a small but consistent supply of high-quality pink diamonds. There was no other place to find them. The Argyle mine increased the production of diamonds by an unbelievable 60%. With such a vast choice of diamonds available in the market, they instantly became precious objects of desire.
A combination of all these factors have made pink diamonds the most desirable among gemstones and with the Argyle mine shutting down in an approximated 2-3 years, the trend and interest in acquiring these coloured beauties will only intensify.