How Much Is a Pink Diamond?
Pink diamonds are one of the most expensive diamonds and are therefore a popular choice for investors interested in a purchase with high resale value or for fashionistas looking to make a statement. This article will cover everything you need to know about pink diamonds, including the price per carat.
What Is a Pink Diamond?
As the name suggests, pink diamonds get their name from their pink hue. Unlike other coloured diamonds, which result from impurities, it’s unclear where pink diamonds get their colour.
Pink diamonds have been mined in the Argyle region in Australia for over thirty-seven years and are found in other countries including India, South Africa, Russia, and Canada. They are rarer than all other coloured diamonds except red-coloured diamonds. One carat of a pink diamond can cost as much as $700,000. If you’re looking for a more affordable option, browse our collection of champagne diamond rings for sale.
Why Is a Pink Diamond Pink?
As yet, there isn’t any explanation for how the pink diamond came into being, but there are theories that explain their existence. One is that the pink colour results from massive underground pressure during their formation; others believe the colour comes from seismic activity impacting molecular structure.
Pink Diamond Colour Grading
Similar to the colour grade of champagne diamonds, pink diamonds are graded on colour intensity—the deeper the hue, the rarer and costlier. Pink diamonds can also have hints of secondary colours such as purple, brown, or orange. According to the GIA scale, pink diamonds fall into the following categories:
- Fancy light
- Fancy intense
- Fancy vivid, fancy deep, or fancy dark
Evaluating a pink diamond can be a daunting task, and it’s best to contact an experienced evaluator to ensure you’re getting value for your money.
What’s the Price of a Pink Diamond?
The pink diamond is one of the most expensive diamonds, second only to a pure red diamond, but the price is still dependent on its colour. For example, a less intense pink diamond can cost around $10,000, while a deep pink can go for $700,000.
What to Purchase if You’re on a Budget
If you’re considering ideas on redesigning wedding rings or looking to find an engagement ring, you can still purchase a pink diamond without breaking the bank. If you’re on a budget, it’s worth considering our Pink collector’s edition. These are beautiful verified Argyle pink diamonds.
A pink diamond can cost anywhere from $10,000 to $700,000 per carat based on its colour and weight. When planning to buy this precious gem, it’s essential to create a budget and stick to it. And remember–don’t be afraid to ask for help from an experienced jeweller, such as those at Holloway Diamonds.