Pink Diamonds ParcelPink Diamonds Parcel

If you've ever set sights on natural pink diamonds, then you've certainly been mesmerized by their magic. These diamonds evoke a sense of romance and luxury - and for good reason.

Their scarcity and stunning beauty make these colored diamonds spectacular additions to any collection. Not to mention, they are highly valuable. In fact, according to The Argyle Diamond Mine, a pink diamond can cost 20 times the price of its white equivalent (as far as can be compared). It's no wonder style-conscious icons from Queen Elizabeth II to Victoria Beckham and Jennifer Lopez have been known to wear jewelry with these gems.

Adding to the intrigue and desirability of pink diamonds is the fact that there is limited gemological information about them.

What is known, however, is nothing short of fascinating. Read on to discover the allure of pink diamonds.

The Pink Color

As with other colored diamonds, pink diamonds can be graded faint, very light, light, fancy light, fancy intense, fancy deep and fancy vivid. And like other hues, the stronger the color, the higher the price tag.

Pink diamonds often feature secondary hues - an additional modifying color. The most common modifying colors are orange, brown and purple. These diamonds would be described in the certificate as orange pink, brown pink and purple pink (not that the main color is the last one mentioned). And if the modifier color is very weak it would be orangy, brownish or purplish...

While we do know how colored diamonds get their color, for example blue diamonds get their color from traces of the boron, and the displacement of carbon atoms causes the color in green diamonds, to this day it is unclear how pink diamonds get theirs. It is believed that while the diamond is forced to the Earth's surface, the structure of the diamond somehow becomes altered, causing a deformation. This flaw forces the stone to absorb light differently and emit the pink hue.

Where do Pink Diamonds Come From?

Argyle Diamond Mine The Argyle Diamond Mine – Photo Credit Wikipedia

Natural pink diamonds can be found in Brazil, Russia, Siberia, South Africa, Tanzania and Canada. However, the majority of these breathtaking stones hail from the Argyle Mine in Australia, which is owned by Rio Tinto. The firm's headquarters is also in Perth, Western Australia.

Here, the finest quality pink diamonds from the Argyle mine are cut and polished before they are sold via an exclusive tender. For proportions and to understand the rarity of pink diamonds, out of every 1 million carats of rough diamonds that the mine produces, just 1 carat is suitable to sell.

As the company website reported, tendered pink diamonds are an average of 1 carat, and a total of about 40 to 50 carats are sold at auction annually. So how much do these diamonds rake in? Anywhere between $100,000 per carat to over $1,000,000 per carat, depending on the color intensity, cut, clarity and other factors (to understand more thoroughly how pink diamonds are graded and valued, please check our pink diamonds buying guide).

In recent years, there has been a rising concern about the availability of these gems - which could mean a sudden spike in interest and surge in prices as collectors scramble to possess one of their own before the supply runs out. Fortunately, Jeweller Magazine reported that Rio Tinto has opened an underground diamond mine in the east Kimberley region of Western Australia, with operation slated to continue through 2020 or potentially longer. The company expects to produce up to 20 million carats per year, a small percentage of which will include rare pink diamonds.

Cost

Among the most valuable colored diamonds are pink ones. Even those that weigh less than 1 carat often command jaw-dropping prices at auction. The value of pink diamonds that are graded intense or vivid can be compared to that of the ultra rare blue diamonds.

Keep in mind that the modifying color can have an impact on the value - and cost - of a pink diamond. A brown secondary hue, for example, is common to come by, and therefore, may result in a more affordable pink stone. On the other hand, a purplish pink diamond may be priced higher.

Famous Pink Examples

Undoubtedly, one of the most well-known examples of these gems is the Daria-i-Noor, a table-cut light pink diamond that weighs a whopping 186 carats. It has been worn by numerous kings, and was part of the crown jewels until 1739, when the Persian army retrieved it and took it back to Iran. The Noor-ul-Ain also known as "the light of the eye," is another pale pink stone that's worth knowing about. The 60.0-carat oval brilliant-cut diamond, which is believed to have been discovered in India's Golconda mines, was the centerpiece in Iranian Empress Farah Pahlavi's wedding tiara, which she donned in 1958.

Also notable is the 24.78-carat Graff Pink Diamond. This fancy intense pink stone, which was graded Type IIa, smashed records when it sold for $46 million at a Sotheby's auction in 2010.

Before that, though, the 12.04-carat Martian Pink fetched $17.4 million at a Christie's auction in 2012. The Type IIa diamond was graded fancy intense pink.

The Rose of Dubai sold for $6 million in 2005. This pear-shaped fancy pink diamond weighs a whopping 25.02 carats.

Even more impressive in size, however, are the Steinmetz Pink and the Shah Jahaan. The former, a fancy vivid pink diamond with a unique mixed oval cut, was found in Southern Africa. It weighs 59.60 carats and boasts the highly coveted Internally Flawless clarity grade. The table-cut light pink Shah Jahaan is close behind, at 56.71 carats.

The Princie Diamond, which weighs in at 34.65 carats, was bought for a staggering $39.3 million in 2013 at a Christie's New York auction. The cushion-cut fancy intense pink stone boasts VS2 clarity.