5 Facts About Pink Diamonds
29 September, 2016
Earlier this month, an incredible pink diamond stone was unearthed at the Lulo diamond project in Angola. The 38.6-carat pink diamond in all its glory is the largest “fancy” pink diamond recovered to date from Lulo and quite rightly made the headlines.
Pink diamond jewellery is also increasingly under the spotlight due to its celebrity admirers. Notably, back in 2002, Jennifer Lopez received a stunning 6.10 carat pink diamond engagement ring from her actor fiance Ben Affleck.
Last week we discussed the reasons as to why you should be investing in yellow diamonds, and so we thought we'd carry along with the theme of the ever so popular coloured stone and share with you some facts about pink diamonds.
5 facts about pink diamonds
1. The largest source of natural pink diamonds is at the Argyle diamond mine in Australia - it produces more than 90% of the world's pink stones. Incredibly, less that 1% of output from the Argyle mine consists of pink diamonds making the coloured stones especially rare to obtain.
2. The market for natural colour pink diamonds is very strong and promising - prices of the stone rise by around 20% a year. The closing of the Argyle mine is 2018 is set to drive the demand to an all time high.
3. The 'Pink Star' diamond "...remains the largest internally flawless, fancy vivid pink diamond ever graded by the Gemological Institute of America.". The 59.60-carat stone originally sold back in 2013 at an auction, however the buyer was unable to afford the diamond - it is now held at Sotheby's in a partnership with two other investors.
4. Pink diamonds hold a very unique tradition that the first time owners have the pleasure of naming their purchase. The name given stays with the stone throughout its history.
5. The Pink Panther diamond is one of the most famous diamonds in history yet it is completely fictional. Made famous by the 1963 film The Pink Panther, starring Peter Sellers as Inspector Clouseau, who's hot on the trail of a jewel thief known as The Phantom.
The Radiant team can advise you on the best colour to suit your requirements, design and budget - to find out more information, click here.