Already the rarest- so rare in fact that most people will not actually see one in their life time- and the most expensive diamond on the planet!
Their value, apart from the diamonds intrinsic magnificence, has been increasing steadily for the last 2 years. The upper end of pink diamonds, are capable of fetching upwards of US$1M per carat, AND, as supply declines over the coming years, their investment worth is set to escalate accordingly!
The Argyle Diamond mine in the Kimberleys, far North Western Australia, supplies 95% of the worlds pink diamonds, and is not only the largest supplier but also the most consistent supplier of these rare and beautiful diamonds. The diamond mine has been averaging around 30 million carats in total production in the last decade, which represents approximately a quarter of the worlds volume of ALL diamonds.
Pink diamonds, in total represent much less than one-tenth of one percent of the mine total! Just to give you an idea of how few pink diamonds are truly viable as something you would want to own or invest in…
The Argyle Diamond Mine has scheduled the underground expansion phase to finish in 2018, this is obviously only 10 years away. At this point in time production of pinks will be diminished.
“this is at the same time as demand for colour diamonds is increasing exponentially”
Gavin Pearce, is the senior sales executive for Argyle Diamonds.
“the basic supply-demand equation is compelling. The red and purplish red diamonds are the rarest colours in the world and hold the highest value per carat. There have been a number of these that have sold lately, by auction and by regular sale that have commanded extremely high valuations.”
Many people considered the white diamond as the most beautiful diamond, that was untill the discovery of the Argyle mine in the 1970′s.
This discovery heralded the arrival of the Argyle Pink Diamond.
Never before had the world seen pink diamonds which displayed such intense shades of colour, along with the brilliance and fire typical of fine quality diamonds. The pink diamonds available from countries like India, Brazil and Africa were and are characteristically light and subtle, they paled even further when placed beside the Argyle Pink Diamond, which can typically range in colour from a blush pink to rich raspberry, and has been seen in a robust purple-red colour.
Pink diamonds are historically coveted by kings and queens, which only adds to their current day appeal, but, the pink diamond legend and appeal has been growing steadily for the past two decades, since a 3.14 carat Argyle Pink Diamond sold for US$1.51M at a Christies auction in New York in 1989. Pink Diamonds mainstream recognition was obviously heightened and brought to the attention of the public, when Jennifer Lopez, brandished a 6.1 carat Pink Diamond ring on her engagement to fellow actor Ben Affleck in 2002. Unfortunately the couples wedding plans went belly up in 2004 and the ring was “reacquired” by Harry Winston and put back in the market for an undisclosed sum, and was made available to “serious bidders only”
Since then Pink Diamonds have become a sought after A-list accessory, with the likes of former top model Helena Christensen, super-couple David and Victoria Beckham, actress Salma Hayek and pop princess Britney Spears has several Pink Diamond belly chains and necklaces in her multi-million dollar jewellery collection.
This is only the start of Pink Diamonds popularity, they will only become more and more popular, and with the production and supply set to begin decreasing the time is right to take action if this is something you are looking for.
To give you an idea of what I am talking about, the price of coloured diamonds has risen more than 25% over the past two years alone!
According to the De Beers Diamond cartel, who anticipate, that if that rate of growth continues, an investment in coloured diamonds, particularly Pink Diamonds, could double in value in another 2 years…
There is an organisation in Ireland, The Sovereign Society, that provides legal strategies for wealthy people to protect their investments and assets, who advised its members last year that “colour diamonds are the worlds most concentrated form of wealth.” A coloured diamond portfolio worth any amount of money can be transported legally and easily and it can be sold in most major cities around the world. “These facts alone make coloured diamonds a worthy consideration by wealthy individuals, seeking discreet investment opportunities.” says The Sovereign Society.
Speaking personally, Pink Diamonds are not only symbols of great beauty and magnificence, they also offer people willing to purchase these great stones, an unparalleled investment opportunity. Most people who are willing and prepared to purchase Pink Diamonds are generally astute business people, who understand that true beauty like that of a Pink Diamond is a priceless investment.
As an industry professional, one of the most anticipated events of the year is the Argyle Pink Diamond Tender, an invitation only event. Argyle selects leading jewellers from around the world to view their very best pink diamonds, they usually tender around 50 stones in total, all of them over half a carat in total diamond weight each. The Tender, travels to Sydney, Hong Kong, New York, London and Geneva, where the selected jewellers are offered an opportunity to submit written bids for the diamonds.
For those of you, concerned with not only buying a magnificent token of love, but also ensuring you get impeccable quality in your Pink Diamond, and investment longevity, i can tell you that colour and in particular depth or richness of colour is the key in any coloured diamond. Gavin Pearce of Argyle Diamonds, puts it best though, “in coloured diamonds, colour is everything.”
Some points of interest about Pink Diamonds:-
- The largest pink diamond in the world is the Darya-i-Nur, or Sea of Light, at 175 carats. The light pink was discovered in 1642 and was part of the crown jewels of India until the invading Persian army took it in 1739. It remains in Iran to this day.
- The Pink Conde, or Le Grande Conde, is a 9 carat pear-shaped stone given to Louis de Bourbon, Prince of Conde, in 1643 by King Louis 13th of France for war service. The prince put it as the centerpiece of his jewelled walking stick. It was later placed in the French Crown.
- The Queen received a 23 carat pink diamond as a wedding present in 1947, which she later placed at the centre of a diamond-encrusted brooch.
- In fiction, one of the most famous is the Pink Panther, brought to fame in the movies of the same name. Actress-singer Beyonce Knowles was adorned in a pink diamond necklace in the latest movie remake.
If owning a Pink Diamond is something that you would like to do, either as an amazing gift to your special someone, or as an investment, contact me at
A modern History of Pink Diamonds (condensed!)
- Argyle created the Argyle Library Egg, a magnificent pink diamond-encrusted artwork based on the legendary Faberge pieces, as a showpiece in the 1990s. It held a Guinness Book of Records entry.
- The largest vivid pink diamond, as graded by the Gemological Institute of America is the Steinmetz Pink at 59.6 carats, unveiled in Monaco in 2003.
- Queensland jeweller Cameron Robinson reputedly paid more than $2 million last year for The Lady in Red, a 5.13mm purplish-red Argyle, for the sheer joy of owning “one of the most beautiful diamonds in the world”. Mr Robinson displayed it in his Brisbane store for one day before putting it under lock and key.
- A Cartier 6.1 carat pink diamond ring has become a major motion picture star. The ring was specifically created for the film Lust Caution, by Oscar-winning director Ang Lee, and is worn by the leading actress Tang Wei. Created in the style of the 1930s and 40s – the era in which the movie is set – it comprises two circles of diamonds that “hug” a large pink in the centre. The ring recently “toured” Singapore and Australia to mark Chinese New Year and then returned to Cartier New York 5th Avenue. Due to the significance of the movie, Cartier is not offering the ring for sale.