They’re enchanting, luxurious, and romantic. Pink diamonds have been fascinating diamond connoisseurs worldwide. Because of their mysterious colour origin and scarcity, natural pink diamonds are regarded as the rarest of the coloured diamonds. They cost more than their colourless equivalents! Get to know more about these extraordinary gemstones and how they rock the diamond industry.
What are the Origins of Natural Pink Diamonds?
Like any other diamonds, natural pink diamonds’ journey begins deep within the Earth’s core. They are subjected to extreme heat and intense pressure for millions or even billions of years. Under these conditions, carbon atoms crystallise and form diamonds. Natural pink diamonds cool and harden as they travel towards the Earth’s surface.
Natural pink diamonds are found only in few places across the globe. The biggest source of the highest-quality natural pink diamonds in the world is the Argyle Mine in Australia. It is located in the East Kimberley region in Western Australia, where 90% of all pink diamonds came from. Other natural pink diamond sources are South Africa, Russia, Brazil, India, Tanzania, and Canada.
How Rare and Valuable are Diamonds
Natural pink diamonds are extremely rare. They make up only 1% of the total diamonds mined; and of that 1%, only a 1 in ten is sellable. The natural pink diamond supply is currently decreasing as the Argyle Mine is set to close later this year. With this closing and the continuous demand for the natural pink diamonds, the international diamond market will have to deal with a supply shortage.
What gives them their characteristic pink hue? Even scientists are not quite sure, but there is a theory. On its journey to the Earth’s surface, scientists suggest that the diamond’s molecular structure gets altered. The deformation of their crystal lattice affects the electron transfer, which influences the way the gems absorb and reflect light. This results in the stone emitting the pink hue.
Natural pink diamonds are also unique. It is difficult to come by two pink diamonds that have the same cut and same style. That is why pink diamonds make for a truly one-of-a-kind jewellery piece.
Natural pink diamonds are highly valuable. Buyers pay up to 20 times more for these rosy gemstones compared to their white or colourless counterparts. The Australian pink diamonds, which are pure, high-grade, natural pink diamonds, cost anywhere from $100,000 to $1 million per carat! Thus, these natural pink diamonds are excellent investment pieces.
What are the Notable Pink Diamonds?
Said to be the most coveted among the coloured diamonds, many have paid huge sums of money to possess a beautiful rarity. But some pieces are more prominent than the others because of their ownership. Here are some notable examples:
Precious Pink Diamonds Fit for Queens
- The Daria-i-Noor and Noor-ul-Ain, both part of Iranian Crown Jewels, are said to have originated from a single natural pink diamond. The diamond was previously owned by the French writer Jean Baptiste Tavernier.
- Queen Elizabeth owns the most famous pink diamond in the world: the Williamson Pink. The 23.6-carat round pink diamond was a wedding gift for Her Majesty from a Canadian geologist Dr John Williamson. Later, it was set in a jonquil brooch by Cartier. It is one of the Queen’s favourite diamond pieces.
Rosy Hollywood Engagements
- Ben Affleck proposed to Jennifer Lopez in 2002 with an exquisite $3 million 6.1-carat pink diamond engagement ring. Some other famous personalities have also joined the elite club who rocks a pink diamond engagement ring.
- Mariah Carey received a gorgeous 17-carat emerald-cut diamond flanked by 58 pink diamonds as an engagement ring from Nick Cannon in 2008.
- Enrique Iglesias proposed to his ladylove, tennis star Anna Kournikova, in 2004 with a $2.5 million Australian Pink Diamond engagement ring. An 11-carat pear-cut stunner is the centrepiece of the ring.
Other Notable Pieces
- The highest price of a natural pink diamond recorded belongs to the rare, 59.6-carat, flawless Type IIa Fancy Vivid Pink diamond called the Pink Star. It rocked the diamond world when diamond cutter Isaac Wolf’s winning bid of $83.2 million defaulted on his payment. The auctioneer, Sotheby’s, had no choice but to purchase the diamond from its original seller, paying the guaranteed amount of $60 million. The Pink Star finally found its home in Hong Kong in 2017 when Sotheby’s auctioned it again and got a winning bid of $71.2 million.
- According to Christie’s, the third-largest diamond after the Daria-i-Noor and Noor-ul-Ain is the Princie Diamond. The Hyderabadi royal family originally owned it. It was auctioned by Christie’s in New York in 2013 and got a winning bid of $39.3 million.
- The Graff Pink Diamond, the Martian Pink Diamond, and the Rose of Dubai are three of the most notable pieces sold at auction. The 24.78-carat Graff Pink was sold for $46 million in 2010. The 12.04-carat Martian Pink was bought for $17.4 million in 2012. And the 25.02-carat Rose of Dubai was sold for $6 million in 2005.
How Pink Diamonds are Priced: The Colour Intensity Factor
You likely already know about the 4C’s of the diamond grading system — carat, colour, cut, and clarity. These 4C’s affect the diamonds price points, among the many other attributes. But in the case of coloured diamonds, more emphasis is put on the colour.
Natural pink diamonds come in a spectrum consisting of eight colour grades, from Faint to Fancy Deep. The more intense the colour is, the pricier it is. Aside from this, the secondary hue also affects the price of pink diamonds. Secondary hues range from brownish to reddish to purplish. The rarer the secondary hue, the more it adds to the price. Brownish undertone is the most common, while purple is rare. Therefore, pink diamonds with a brownish hue are more affordable than pink diamonds with a purplish hue.
When buying pink diamonds, always make sure that they are GIA certified. That will ensure that you know exactly what you are getting and paying for.
Investing in Natural Pink Diamonds
Natural pink diamonds are a solid investment, with their value escalating by 13.8% annually. With the impending closure of the Argyle Mine in Australia, natural pink diamonds will be even more difficult to source. This creates a supply crisis for natural pink diamonds, especially as the demand keeps increasing every year. Also, it results in huge price upsurge.
This enormous advantage makes it difficult for investors to ignore. If you’re looking to make the brilliant decision to buy Pink Diamonds, our team at Argyle Diamond Investments Pty Ltd will be more than happy to discuss it with you.