Most people love diamonds, and it’s easy to understand why someone would want one. Yet, a lot of people know little about how these coveted rocks were discovered and what factors influence a diamond’s cost. It’s always important to understand a diamond up to a certain level before deciding to purchase it. This is especially true if you are considering purchasing the pink diamond, which is one of the rarest diamonds out there.
A 1-carat pink diamond can cost up to $700,000! The price will increase if the stone has been certified by a third party like the GIA or AGS. The cost of a pink diamond per carat will depend on its purity, cut, and color. The more pure the pink diamond is, the more expensive it will be.
If you’ve ever asked yourself why people pay so much for a pink diamond or why they are so rare, this blog post will give you the reasons behind their cost, how it’s tied to their rarity and how these reasons will impact your decisions if you have ever dreamed of buying a pink diamond.
- What are Pink Diamonds?
- The Secret Behind The Color Pink
- Where are Pink Diamonds Found?
- The Argyle Pink Diamond
- How Rare are Pink Diamonds?
- The Four Diamond C’s that Determine Price
- How Do The Four C’s Determine The Price Of A Diamond?
- The Psychology of Rarity and its Impact on Pricing
- Are There Other Factors That Drive The Price Of Pink Diamonds?
- How Much Do Pink Diamonds Cost?
What are Pink Diamonds?
Pink diamonds are extremely rare and valuable diamonds. They are considered to be one of the most sought-after colors of diamond in the world. They have been in existence since ancient times, but they have been very difficult to find.
The rarity of pink diamonds is due to several factors, including their formation process and the fact that they must be cut properly before they can be used in jewelry.
The most valuable pink diamond ever sold was the 11.15-carat Williamson Pink Star for $49.9 million. This stone was given its unique hue due to it having been cut using an ancient technique called “brilliant” cutting instead of modern methods which create more fire in the stone.
Pink diamonds can appear in any shade from light pink to dark red-violet, depending on their chemical composition and internal structure as well as their surface coloration and optical properties. In general, a higher saturation level means a more intense coloration.
The Secret Behind The Color Pink
The color of these diamonds is caused by traces of nitrogen and hydrogen within the crystal structure. The amount of nitrogen or hydrogen determines the shade of pink that is produced.
While all diamonds get their color from impurities in them, it’s only some types of impurities that cause pink diamonds to appear pinkish in color when viewed under various lighting conditions.
The color of a diamond is determined by its chemical composition. The most common type of diamond, the Type IIa diamond, has a chemical composition of pure carbon. This type of diamond is very clear and transparent.
Where are Pink Diamonds Found?
Pink diamonds are the rarest of all colored diamonds. They are so rare that most people have never even seen one. That is because pink diamonds are extremely difficult to find and very expensive.
Pink diamonds are found in the Argyle Diamond Mine in Western Australia. This mine is famous for producing over 90% of the world’s red and pink diamonds. The Argyle mine produces about 40 tons of kimberlite every day, which means that it can be exhausting work trying to find even a small pink diamond among all those rocks.
Pink Diamonds may also be found anywhere from South Africa and Russia, Brazil, Madagascar and Canada.
The Argyle Pink Diamond
Argyle Pink Diamonds are mined from pegmatite deposits in Western Australia. They are not cut from the same stone as other varieties of pink diamonds like Fancy Vivid Pink or Fancy Deep Pink, but rather occur naturally as small crystals (unlike Swarovski Crystals ) within pegmatite veins.
This makes them much more difficult to find than other varieties of pink diamonds which can be cut from large crystal chunks or rough stones that contain multiple pink diamonds within them (which can be cut out individually).
Argyle Pink Diamonds are typically very small with only one or two carats in weight and often have imperfections such as cracks or fractures running through them (called “hairlines”).
How Rare are Pink Diamonds?
Pink diamonds are so rare, that only about one in 10,000 diamonds is a pink diamond. That’s why pink diamond engagement rings are so unique and special. In fact, their rarity makes pink diamonds even more valuable than white diamonds.
The rarity of pink diamonds comes from their coloration. The vast majority of mined diamonds are colorless or white, while only a small percentage has a hint of coloration.
Of those that do have color, most are blue-hued, followed by yellow and brown hues. Only a few famous examples of pink diamonds have ever been discovered in the world’s mines — and those have been extremely valuable due to their scarcity. The pink diamond is one of the most expensive gemstones and is rarer than other colored diamonds like blue, yellow, or green.
The most important factor in determining whether or not a diamond will be pink is its location within the earth’s crust. The deeper in the earth’s crust you go, the higher the pressure becomes on the rocks surrounding it, which can affect how much pressure is placed on any diamonds located there as well as how much carbon gets absorbed into them during their formation process.
For example,if you were able to drill down deep enough into our planet’s crust and start mining right away without having any prior knowledge about where diamonds might be located within it (which would obviously never happen), then you would probably only find white diamonds since they tend to form at shallower depths than pink ones do!
The rarity of pink diamonds is due to their limited supply and high demand for these stones which makes them an excellent investment option for those who want to invest in something that will appreciate in value over time.
The Four Diamond C’s that Determine Price
The four Diamond C’s are cut, color, clarity, and carat weight. Together, they determine the value of a diamond.
Carat Weight: Carat weight refers to how heavy a diamond is based on its size and quality. The word carat derives from the Greek word karatas, meaning “a carob seed.” This seed was one of the first weight standards used by jewelers, as it was readily available and easy to use.
Carat weight is the most popular way to measure the value of a diamond. One carat is equal to 200 milligrams or .2 grams. It’s very important to know what you’re buying when it comes to carat weight because it affects the price of the diamond by a lot.
Clarity: Clarity refers to how many imperfections or inclusions are present in the stone. The fewer imperfections, the more valuable it becomes. Diamonds are graded on a scale from FL (flawless) to I3 (very heavily included).
The most common diamond clarity issues are: Flawless and Internally Flawless. A flawless diamond has no internal flaws and no external blemishes visible under 10x magnification by a skilled grader. Even if you can’t see any blemishes, there might still be some microscopic inclusions that can be seen by an experienced grader using special equipment. These diamonds are extremely rare and very expensive!
Internally flawless diamonds have no internal blemishes visible with magnification up to 10x from any angle. Like flawless diamonds, even if you can’t see any blemishes they may be present at a microscopic level that only a trained expert would detect using special equipment.
Cut: Cut is the most important factor in determining how a diamond will look. It affects the brilliance, fire, and scintillation of a diamond. A well-cut diamond has been properly shaped and polished to reflect light in all directions, creating optimal fire and brilliance.
There are two basic styles of cuts: round and square. Round diamonds have more sparkle than square diamonds, but they also tend to be more expensive.
The cut grade describes the quality of the cut with a letter grade: Excellent (EX), Very Good (VG), Good (G), Fair (F), and Poor (PO). This letter-grade rating system was developed by the Gemological Institute of America (GIA).
Color: Color refers to how much color is present in the diamond. The color of a diamond is graded by comparing it to a master set of diamonds called a “color checker” or “color grading scale.” There are four main categories of color:
D (colorless) – D is the highest category of colorless and has no perceptible color. A D-colored diamond appears clear and crisp with no hue or tint.
E (excellent) – E-colored diamonds have very faint yellow or brown tints that cannot be seen with the naked eye but can be detected by looking at the stone through special magnifying glasses or microscopes. They are also known as Faint Yellow or Faint Brown Diamonds, depending on their tinting strength.
F (fine) – F-colored diamonds have light yellow or brown tints that can be seen under magnification and can easily be detected with the naked eye if viewed up close.
G (good) – G-colored diamonds have medium yellow or brown tints that can easily be detected with the naked eye if viewed up close but may not be visible if viewed from afar.
How Do The Four C’s Determine The Price Of A Diamond?
The most important factor in determining the price of a diamond is its carat weight. The carat weight is the weight of a diamond in terms of 100 points. For example, if a diamond weighs 0.5 carats, then it is half a point (100 points) of pure diamond.
The more carats you purchase at once, the more you will save. This is because larger diamonds have more facets and therefore more sparkle than smaller ones. So if you are looking for bigger diamonds with high quality, then go for bigger weights. A 1-carat diamond will cost less than two half-carat diamonds combined together. The same goes for 2-carats versus one 1-carat gemstone and so on up to 10-carats versus one 2-carat gemstone.
The clarity of a diamond also determines its price range in most cases. Flawless diamonds cost more because they’re rarer than other grades. Internally flawless diamonds, however, cost less than flawless, but more than other clarity grades.
The shape and the cut of the diamond are two other important factors that determine its value. The cut of a diamond also determines how much light will enter it, which makes it appear brighter and more attractive.
Many people think that size is the most important factor when it comes to buying diamonds but this isn’t true at all. The cut of a diamond is what gives it its beauty and sparkle, so even if you buy a very small one with a great cut, you’ll still see a lot of fire in it!
If you want to buy a high-quality stone, then make sure that it has been graded as VS1 or better – this means that there are no visible flaws or inclusions in the raw material (which can affect its quality) and that it has good proportions so that it looks good once set in jewelry. The color of a diamond also determines its price. The least expensive diamonds are those that have a strong yellow tint or brown tint.
The Psychology of Rarity and its Impact on Pricing
The rarity of a diamond relates to how often it occurs naturally. Diamonds occur about 100 miles below the earth’s surface, where temperatures reach about 2,000 degrees Fahrenheit (1,100 degrees Celsius). This extreme environment creates a lot of pressure that transforms carbon atoms into diamonds over millions of years.
The more pressure there is, the more likely that carbon atoms will find each other and form diamonds. But even under intense pressure, it takes 1 billion years for one carat (0.2 grams) of diamond crystals to grow!
The rarity of a diamond is directly related to its price. The rarer a diamond is, the more expensive it will be.
The best example is the colorless, transparent diamond (D color). These diamonds are so rare that they account for less than 0.1% of all mined diamonds. Therefore, they are very expensive and their value can range from $15,000 to $20,000 per carat (1 carat = 0.2 grams).
Another example is the “fancy” colored diamond (GIA category F-J), which accounts for only 0.05% of mined diamonds and costs around $10,000 per carat.
Finally, some diamonds are considered “exotic” such as blue or pink diamonds. These account for just 0.0001% of mined diamonds and cost over $700,000 to $1,000,000 per carat!
Are There Other Factors That Drive The Price Of Pink Diamonds?
Pink diamonds were once thought to be worthless as there were no buyers for them as people did not like their coloration at all! This made it hard for miners and sellers to sell them at high prices which resulted in low demand for these gems among consumers.
That’s up until marketing came in. Marketing is an important part of driving up the price of diamonds because it increases demand for these stones. This increased demand leads to higher prices for diamonds because there aren’t enough available to meet consumer demands.
Marketing also plays an important role in influencing how people view jewelry stores and their products. The massive impact celebrities or public figures make when purchasing such rare stones can also be considered a form of mass marketing.
For example, Jenifer Lopez made headlines when she showed off her green diamond ring when she got engaged to Alex Rodriguez. The diamond was reportedly worth $1 million at the time of the purchase. The massive sparkler boosted sales and even led to an increase in prices in the diamond industry.
How Much Do Pink Diamonds Cost?
The cost of pink diamonds depends on their grade. A diamond with a very strong color (Fancy Dark) will be more expensive than one that is slightly lighter. The higher the clarity grade, the more expensive the diamond will be.
The GIA grades pink diamonds on the following scale:
- Fancy light pink (G to H color): This is the most affordable diamond color. The value of a fancy light pink diamond depends on its clarity, cut, and carat weight.
- Fancy pink (J to K color): These are more expensive than diamonds with a G to H color rating.
- Fancy deep pink (K to L color): These are even more rare and more valuable than fancy light pinks.
- Fancy intense pink (M color): These are extremely rare and very expensive.
The most valuable pink diamonds are those with a color grading of Fancy Vivid or Fancy Intense. This means that they have a very strong pink color that is close to red in tone. However, there are some diamonds with “fancy” colors which are not considered as valuable as others because they lack brilliance or fire. These diamonds can also be found in nature but are less common than those with intense colors
Pink diamonds are exotic and rare. The rarest color of all diamonds, has captivated the hearts of lovers and jewelry collectors from around the world.
Pink diamonds are a great investment, both because of their rarity and because of their desirability. They are almost always valued higher than non-colored diamonds, so if you are looking for a diamond that is going to hold value, pink diamonds may be a great choice for you!
Our Team of 10 includes jewelry experts, antique Buyers & Sellers, baseball card collectors, and other appraisal experts.