The popularity of pink diamonds is an excellent reason for the high prices. This color is rarer and more potent than other colors, so its value is proportionately higher. As a result, you can buy a million-dollar pink diamond for a fraction of the price. However, if you are wondering what you should expect from a pink diamond, here are some guidelines to help you determine the price of your desired stone.
The more vivid the diamond’s hue, the more expensive it will be. As a result, a natural pink diamond graded Fancy Vivid Pink with a deep, pure pink hue is significantly more expensive than a Fancy Light Pink or Fancy Pink diamond. Pink diamonds are enticing and beautiful, but they are also one of the rarest stones in the world, second only to red diamonds. Its rarity makes it unique and attractive among jewel collectors, investors, and investors. It appears to be highly fascinating due to its rarity and perplexing natural pink tone, and it remains a mystery to the rest of the globe due to its shape, geometry, and color.
What is the Price Range of Pink Diamond?
Did you know that pink diamonds are 20 times more expensive than white diamonds? A one-carat pink diamond can cost anywhere from $100,000 to $1 million, absolutely insane. A pink diamond’s price can vary from $100000 to $1.75 million per carat. A single carat of a pink diamond is expensive. The Argyle Mine in Western Australia is the largest source of natural pink diamonds. A single pink diamond worth one carat is worth up to a million dollars. In the past, a pink diamond has been bought for as little as $60,000.
While most pink diamonds are mined in Western Australia, some are in Canada, Russia, Brazil, and India. They are not as common as white diamonds, so carefully choosing the cut is essential. Remember, a smaller carat will be less expensive than a larger carat so that you can save money.
What are the Things to be Considered While Purchasing a Pink Diamond?
When purchasing a pink diamond, it’s important to note that the GIA grades diamonds differently than the Argyle mine.
When buying a diamond, it’s essential to make sure it’s certified. A third party, such as the GIA, is the most reputable, so look for a diamond with the GIA’s certification. GIA certificates are very reliable, and they are often more expensive than natural diamonds. A GIA certificate ensures the authenticity of the stone and a solid returns policy.
What are the Factors Which Determines the Price of the Pink Diamond?
● Color:
The color saturation of the diamond is one of the determining factors in its price. A higher carat weight means a higher price. Pink diamonds are graded based on their color intensity. Its color intensity is usually between two and three shades. In terms of color, pink diamonds are classified as purplish, pink, pink rose, pink champagne, blue-violet, and red. A 1PP (purplish pink) is the rarest and most expensive, followed by pinks and pink roses. Purplish undertones are said to enhance the diamond’s radiance and intensity. The more vivid the diamond’s hue, the more expensive it will be. As a result, a natural pink diamond graded Fancy Vivid Pink with a deep, pure pink hue is significantly more expensive than a Fancy Light Pink or Fancy Pink diamond. A pink diamond can be very vivid or faint, depending on the intensity. The GIA grades pink diamonds as follows:
● Faint
● Very Light
● Light
● Fancy Light
● Fancy
● Fancy Intense
● Fancy Vivid, Fancy Deep, or Fancy Dark
For this reason, it’s essential to select the perfect one for your budget. It’s essential to do your research before making a purchase. It’s essential to consider the type of jewelry you’d like. Brownish pink, orangish pink, and purplish pink are standard secondary colors in pink diamonds. Pure pink colors are the most desired and consequently the most expensive of all fancy color diamonds, especially those deeply saturated with rich color, as is the case with all fancy color diamonds. Specific modifiers can produce highly desirable diamonds, and while lighter pinks are becoming more prevalent, they are still rare and prized in the diamond world. Natural fancy pinks, regardless of secondary colors, are extremely rare and are priced appropriately.
● Cut:
Another factor that affects the price of a pink diamond is its cut. Choosing a cut that will accentuate the color while keeping the carat weight intact is essential. Expert polishers handle pink diamonds with extreme care. The cut of a pink jewel is also essential, and radiant cuts are popular choices.
● Size and shape:
They’ll also need to consider the size and shape of the diamond. A ring made of a diamond with these characteristics is more expensive than one with a diamond of a similar size. In addition to color, the size and clarity of the diamond will affect its value.
● Rarity:
Apart from the fact that pink diamonds are indisputably beautiful, their great value originates from their extreme rarity. Pink diamonds have traditionally been prized by royalty and are now valued at millions of dollars per carat, with large carats and vibrant colors in short supply. Pink diamonds have been in high demand for the past two decades, and their increased demand has resulted in a price increase. Apart from red diamonds (the rarest and most precious fancy hue), Pink diamonds attract the most excellent prices. The Argyle mine, which closed in 2020, produced over 90% of the world’s pink diamonds, but pink diamonds accounted for less than 1% of the mine’s output.
What Factor Makes this Pink Diamond so Pricey?
The price of pink diamonds increases exponentially as they grow in carat size. The price of a pink diamond grows in proportion to its carat size. The more vivid the color, the more expensive it is. A rare 7.1-carat pink diamond in James Allen’s online auction site commands a price of $1.2 million. It’s best to choose a fancy cut designed to accentuate the beauty of a diamond with high color saturation.
Pink Diamonds And Their Value:
Unlike colorless diamonds, priced based on the 4Cs, fancy colored diamonds have a solid connection to meaning. Pink diamonds are one of the rarest colored diamonds, and their value fluctuates depending on the color variations in the stone.
Purplish-pink diamonds are more expensive than brownish pink diamonds, even though they are far more affordable. The term “cheap” is spoken about a lot here, although the price is still relatively high compared to other gemstones.
As a matter of thumb, the degree of color strength in pink diamonds increases the price. Pink diamonds with solid or bright colors are highly precious. When paired with secondary colors, the higher the price, the rarer the secondary color is.
Where are these Pink Diamonds Found?
Pink diamond mines have only been discovered in a few nations. The Argyle Mine in Western Australia, which is well-known worldwide, produces more than 90% of the world’s supply of natural pink diamonds. They have traditionally been found in India, South Africa, Canada, Russia, Brazil, and Argyle.
Is Investing in Pink Diamonds a Good Idea?
Pink diamonds have steadily increased in value year after year. The average price per carat for higher quality and standard pink diamonds is $1.5 to $3 million. Investors and collectors are taking notice of the growing prices. As supply decreases due to the closure of the Argyle Diamond Mine, demand will undoubtedly continue to drive up the price. Most pink diamonds were previously purchased for use in engagement rings, but consistent market indices showing a 20% annual rise led to an influx of Self Managed Super Funds (SMSF) and wealthy investors from China and around the world, transforming pink diamonds into a financial investment devoid of sentiment or romance, laden with practical considerations of security, low risk, and high return.
Conclusion
A 0.5-carat pink diamond with excellent clarity costs about $50,000, and even a 0.76-carat pink diamond with low clarity costs $80,000. A pink diamond with poor clarity is less valuable than its colorless counterpart. Its clarity, however, plays an essential role in the price of a pink diamond. A better-quality gem with less than two-carat pink diamond will cost around half that amount.
Quality pink diamonds are expensive. In 2014, a 6.1-carat ring with a ring set made of 18-carat white gold will cost about $3 million. In addition, a 17.6-carat ring surrounded by 58 pink diamonds will cost between $100,000 and $1 million. A 17-carat ring will cost around $1.2 million. If it is of good quality, you can expect it to last a lifetime.
