Tuesday, 17 October 2017

Pink Diamonds

Pink Diamonds are among the most sought after, rarest and most expensive. One of the reasons for this is the supply of natural fancy pink diamonds is extremely low.

Before the discovery of the Argyle Mine in the 1980’s, production of fancy pink diamonds was virtually non-existent. When Argyle went live, it quickly gained the reputation as the only reliable consistent source of high quality pinks in the world. With a near monopoly on the world’s pink diamond market, Rio Tinto began to invest in marketing and were responsible for driving demand even further.

The 'Pink Star' is a flawless 59.6-carat fancy vivid pink diamond. It was sold in 2003 for $ 83m but the buyer reneged. It sold for $71.2 million in April 2017.
The combination of extreme popularity with extreme scarcity makes for very expensive diamonds. Fine quality pink diamonds without modifying colors trail only red diamonds as the most expensive natural diamond color in the world.

Pink diamonds are graded as follows; Fancy Light Pink, Fancy Pink, Fancy Intense Pink, Fancy Vivid Pink

The Graff Pink is an emerald cut 24.78 carats, type IIa fancy intense pink diamond. It sold at auction for $ 46m in 2010.
In 2013, Christie’s sold the historic Princie diamond, a 34.65-carat cushion-shaped Fancy Intense Pink diamond, for $39.3 million.
‘The Sweet Josephine’ Fancy Vivid Pink diamond weighing 16.08 carats. $28.5 million in 2015.

The 15.38-carat Fancy Vivid Pink ‘Unique Pink’ made $31.6m at auction in May 2016.

The Vivid Pink, a 5.00-carat stone sold for $17.8 million ($2.1 million per carat) at Christie Hong Kong in 2009.

17.07 carat fancy intense pink diamond VVS1 made $20.8m in 2016.

Sotheby’s sold the 8.72-carat Fancy Vivid ‘Historic Pink Diamond’ for $15.9 million in 2015.

A pear-shaped, fancy vivid pink, VS2 clarity diamond, weighing 9.14 carats made $18m in November 2016

The 37.30-carat fancy intense 'Raj Pink', the world’s largest known fancy intense pink diamond will be offered on 15 November 2017

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by carats, unearthed a 27.85-carat pink stone in late 2017