Posted on May 27, 2015 by

6 Facts About Pink Diamonds You Probably Didn’t Know

Pear Shaped Fancy Vivid Purplish Pink Diamond

Pink diamonds have become all the rage especially with the world-renowned Argyle diamond mine in Western Australia scheduled to close by 2018. It is no surprise then that the steadily shrinking supply of pink diamonds available on the market is driving demand to an all-time high. Pink diamonds are highly desirable for good reason: they’re exceedingly rare – Argyle mine yield statistics bears this out – and as a result they’re prohibitively expensive. Unlike other fancy colored diamonds, their appeal may be further enhanced by the mystery that surrounds the exact cause of their color – it is not yet fully understood how pink diamonds became pink. To help fellow diamond enthusiasts grow an even greater appreciation of this altogether rare breed of diamond, here are 6 facts about pink diamonds you probably didn’t know.

 

Marquise 0.50 carat Fancy Vivid Purplish Pink diamond

Pink diamonds, such as this marquise cut 0.50 carat Fancy Vivid Purplish Pink diamond, are literally one in a million – carats, that is – at the famed Australian Argyle diamond mine.

 

  1. The Argyle diamond mine is the largest source of natural pink diamonds. The Australian mine produces more than 90 percent of the world’s natural pink diamonds but less than 1 percent of the output from the mine consist of pink diamonds. Want more math? That means for every 1 million carats of rough diamonds mined at Argyle, only 1 carat of pink diamonds is suitable for selling.

 

  1. The current world record for most expensive gemstone sold at auction belongs to the 59.6 carat Fancy Vivid Pink diamond named the “Pink Star.” Diamond cutter Isaac Wolf seized the winning bid with an offer of about $83.2 million only to default on payment of the diamond. Sotheby’s had to buy back the stone for $60 million, having guaranteed that amount to the diamond’s original seller.

 

Fancy Pink Diamond Intensity scale

The more intense the pink in natural pink diamonds, the more valuable and pricier the diamond.
Photo: ncdia.com

 

  1. All pink diamonds are not created equal. As with other kinds of fancy colored diamonds, the more intense the color of the diamond, the higher the price of the diamond. A natural pink diamond that is a rich and pure pink color, thus graded Fancy Vivid Pink, is exponentially more expensive than a Fancy Light Pink or Fancy Pink diamond.

 

  1. Modifying colors, also referred to as secondary colors or overtones, affect the prices of pink diamonds. Whether the presence of modifying colors in pink diamonds positively or negatively influences the diamonds’ prices all depends on the modifying color in question. A pink diamond that is Fancy Brownish Pink or Fancy Brown-Pink is unquestionably going to be more affordable than a Fancy Purplish Pink or Fancy Purple-Pink diamond simply because the presence of brown color in diamonds is common, thus keeping prices down.

 

  1. Pink diamonds get their color from a structural defect known among scientists as “plastic deformation.”

 

  1. Jennifer Lopez received a 6.10 carat pink diamond engagement ring from Ben Affleck when they were dating in 2002. The ring featured a Harry Winston diamond that Ben paid $1.2 million for. She reportedly gave the ring back after they broke up in 2004.

Are you searching for a one-of-a-kind natural pink diamond? You’ve come to the right place – browse our pink diamonds today!


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