Pink Diamonds are the rock of ages -
Australia - Not only Boomerangs, Kangaroos and the Sydney Opera House. diamonds are truly a Girl's best friend in Australia. Especially pink ones!!
With limited supplies and demand at a premium, rare and mysterious pink diamonds are a shrewd investment.
It’s the ultimate ‘rags to riches’ tale: a dirty lump of carbon, placed under extreme pressure and temperature deep in the Earth’s mantle, emerges at the surface billions of years later as a glittering diamond, the most valuable and alluring gemstone known to man.
On a rare occasion, however, this epic saga doesn’t go to plan. In perhaps one diamond in a million, the intense pressure results in the distortion of its distinctive lattice molecular structure, causing it to manifest in a shade of pink. The reasons behind this are still a scientific mystery; but what is clear is with these flaws comes a new standard of perfection, with pink diamonds (and their still scarcer cousins, violet and red diamonds) the most sought after in the market.
Pink diamonds are beautiful simply by virtue of their colour, but combine this with their rarity, they are, effectively, the collector’s item of the gem world.
Pink diamonds are as rare as they beautiful, accounting for less than 0.02 per cent of all of the diamonds produced in the world. Of these, 90 per centare mined from Rio Tinto’s Argyle Mine in the Kimberley region of Western Australia, and even then they comprise less than one per cent of the mine’s production.
“In real terms, an entire year’s worth of pink diamonds over half a carat would fit in the palm of your hand,” - “The number of reds and violets would barely fill a teaspoon.”
“The discovery of the Argyle Diamond Mine in the late 1970s was a watershed moment in the history of diamonds. Prior to this, pink diamond finds – anywhere in the world – were sporadic. These few diamonds were destined for turbans and tiaras and were the preserve of the fortunate few to the extent that most people had never heard of, let alone seen, a pink diamond. This all changed with the advent of the Argyle Mine.
Pink diamonds sold at tender have appreciated more than 300 per cent over the past 15 years, putting them more in the league of fine art than jewellery; but even pink diamonds secured at auction or via one of Argyle’s Select Ateliers remain a shrewd investment, increasing in value by approximately 15 per cent per annum.
“If you’re looking for a solid investment, look for items that are as collectable as possible; in pinks, the more intense the colour, the rarer they are and therefore the more valuable they are. It’s about getting a well-made diamond that meets certain critical weights and as strong a colour as you can afford.”