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Things You Didn’t Know About the Argyle Pink Diamond

People say that pearls are a girl’s best friend. Regardless of the truth in this, diamonds tend to compete quite favorably for a woman’s attention. Diamonds are not just known to be favorites of women considering many men love them too. This is simply because they add a taste of class and style to one’s looks. The diamond is a special kind of stone, so unique indeed; they also come in a number of varieties. The mining of the stones has gone on for several years. Diamonds are usually priced in accordance to their sizes, their carats, shapes, among other factors. This particular article highlights interesting facts about the pink diamond, below are some things you probably didn’t know about this diamond.

The Pink Diamond is Indigenous to Australia

If you are wondering where to find these diamonds, then you might have to plan a trip Down Under because they are exclusively mined in Australia. The diamonds are mined at the Argyle diamond mine in Australia, which is the largest source of pink diamonds in the world. This mine produces more than ninety percent of the world’s natural pink diamonds. However only a single percent of the entire output consists of these pink diamonds. This means that only one carat of the pink diamond of the entire one million rough carats mined in Argyle is suitable for selling.
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They are Extremely Rare
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The pink diamond is no doubt a rare stone. This kind of diamond is seldom found in nature and it’s only one percent of the total diamonds produced in the world. Now coming across one of this is like looking for a needle in a haystack. It is also vital for one to know that it’s only through annual tenders, that you can get an opportunity to purchase the most rare varieties. These tenders are so important that you need special invitations just to be part of the auction. Their rare nature makes them very valuable. This in turn makes their cost increase as time goes by. You could call this an investment. This is because the amount of money you spend buying it today, will be lesser than the amount of money you will get back if you sell it in the future.

They are in High Demand

The demand and supply curves for this particular diamonds are out of this world. Their demand is quite high because they are extremely rare. This makes their price and value increase at an equally fast rate. The market for the natural color pink diamonds is very strong and promising. This is clearly seen in the fact that the cost of the stone has gone up by 35% in the last year. The diamonds with the highest demand and price are the 1 to 1.5 carat pink diamonds. Their demand can be gauged by the quality, purity, and size of the diamond.

The Pink Diamonds Come In Various Shades of Pink

Another interesting fact about the pink diamonds is that they vary in the shades of pink color. This means that both men and women who appreciate the precious stones can wear them.

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