Pink diamonds, also known as fancy pink diamonds, are some of the rarest and most coveted gemstones in the world. These diamonds are prized for their exceptional color, which ranges from light to intense shades of pink, making them one-of-a-kind and highly sought after by collectors, investors, and jewelry lovers alike.
The largest pink diamond in the world is the 170-carat ‘Lulo Rose,’ named after the mine in Angola where it was found.
In this article, we will explore the fascinating world of pink diamonds, from their formation to their significance in popular culture and from their rarity to their beauty.
Let’s get started!
Geological Formation
Pink diamonds are formed deep within the Earth’s mantle after being subjected to extreme heat and pressure for millions of years. Alternatively, coloured lab created diamonds offer a more accessible and sustainable option, replicating the beauty of natural gems without the extensive geological processes. They are brought to the surface through volcanic eruptions and transported to the Earth’s surface through alluvial deposits.Â
Nearly 90% of the world’s total supply of pink diamonds has come from the Argyle Diamond mine in Western Australia, which stopped production in November 2020 after roughly 40 years of producing nearly all of the world’s best-quality pink stones.
Trace elements, such as nitrogen or boron, cause structural distortions within the diamond crystal, giving it a beautiful pink color. Unlike other colored diamonds, which are formed by the presence of impurities, pink diamonds are formed by the internal chemical and structural features of the diamond itself.
How Rare Are Pink Diamonds?
Pink diamonds are among the rarest diamonds in the world, with only a small percentage of all diamonds mined each year being fancy pink. In fact, it is estimated that pink diamonds constitute only 0.1% of the total 20 million carats of diamonds that are mined from the earth each year. This rarity, combined with their beauty and demand, makes pink diamonds some of the most valuable diamonds on the market.
Investment Potential
Pink diamonds are highly sought after by investors due to their scarcity and high value. Pink diamonds have outperformed other investment assets recently, with prices for fancy pink diamonds rising steadily in the past decade.
In fact, the most expensive diamond per carat to be ever sold is also a pink diamond named ‘Williamson Pink Star.’ The rare and fancy vivid pink diamond closed for $53.73 million at Sotheby’s auction in Hong Kong on 7 October 2022.
This is due to a combination of factors, including increasing demand for these unique gemstones and a limited supply of high-quality pink diamonds.
Pink Diamonds in Popular Culture
Pink diamonds have been a symbol of wealth and status for centuries, appearing in the jewelry of royalty and celebrities. In recent years, pink diamonds have gained even more popularity due to their inclusion in high-end jewelry collections and their frequent appearance on the red carpet.
Blake Lively seems to be the most recent fan of the precious stone, which she gracefully sports in her engagement ring. Even Her Majesty, the late Queen Elizabeth II, was gifted a 54-carat- intense pink diamond on her wedding day.
Pink diamonds are often seen as a symbol of femininity, making them a popular choice for women’s jewelry. However, when purchasing these precious pink stones, it is important to ensure that you are buying from a reputable source that offers high-quality diamonds at a fair price. The pink diamond rings by Leibish are hands-down the best ones that can be found in the market.
The diamonds they use at Leibish are sourced from some of the finest mines in the world and are carefully selected for their exceptional cut, color, and clarity. The company’s team of gemologists and jewelry designers work together to create stunning pink diamond rings that are not only beautiful but also of the highest quality.
Pink Diamonds and the Four Cs
When evaluating pink diamonds, the Four Cs are used to determine their value. These Four Cs are cut color, clarity, and carat weight.
The cut of a pink diamond is important because it affects the way the diamond reflects light, and thus its overall beauty. The color of a pink diamond is, of course, its most defining feature, with the intensity of the pink hue affecting its value.
Clarity refers to the presence of blemishes or inclusions within the diamond, and carat weight is nothing but the weight of the diamond. The higher the carat weight of a pink diamond, the more valuable it is considered to be.
Conclusion
Pink diamonds are truly unique and exquisite gemstones. Whether used as investments or as symbols of wealth and status, these diamonds are sure to captivate the hearts of those who see them.
With their high value and growing popularity, pink diamonds are poised to continue to be a sought-after gemstone for years to come. So, if you are looking to add a touch of luxury and beauty to your life, considering a pink diamond would be a great idea!
