Among the assortment of diamonds that are available in the general gem market, pink diamonds are not just amongst the rarest gems on the planet, but they are also the most intriguing and due to their limited supply, they are also incredibly valuable.

Research has revealed that the formation of pink diamonds naturally requires a unique set of factors which starts with the presence of carbon deep inside the earth where a continental collision takes place forming these diamonds under immense pressure and heat.

After these diamonds are formed far beneath the surface of the planet, a continental separation is required to send these diamonds closer to the surface where it could be mined.

It is due to these extreme requirements that these diamonds are rare and about 90% of the total global supply of these rare gems come from the Argyle Mine located in Western Australia, however it must be noted that only 1 % of the total diamonds mined from argyle are actually pink – that is how rare these gems are.

However, as the diamond production of Argyle mine diminished, the mine was shut down for good in 2020 which has resulted in pink diamonds becoming more valuable than ever.

Pink Diamond Jewellery & Engagement Rings
The rarity of the pink diamonds has made these gemstones in jewellery or engagement rings an element of status among the rich and famous not only because they are expensive, but also because of their beauty.

Pink diamonds are also dependent on the 4Cs, but at a different level of pricing compared to white or other more common diamonds based on the fact that the primary driver of pink diamond prices is the colour more than the other three Cs (cut, clarity and carat).

For example, to buy diamonds in natural white for a solitaire engagement ring could range any from AUD 3,000 to AUD 10,000, whereas the price of an engagement ring set with a pink diamond starts at a low of AUD 10,000 all the way up to AUD 600,000 per carat.

Generally pink diamond engagement rings are normally set with white or yellow diamonds around it to bring out the ‘bling’ (Halo Diamond Ring Setting) and the metal generally used is white gold. A solitaire diamond ring with a pink diamond could cost much more due to the larger carat that may be required for the diamond to stand out.

The same applies to necklaces or bracelets, nevertheless, it is rare for pink diamonds to be used for necklaces or bracelets as their rarity and price makes them more suited for pendants or engagement rings.

Buying Pink Diamonds
For those who are interested to buy Pink Argyle Australian Diamonds for an engagement ring with a pink diamond here are some guidelines:

Understand the 4 Cs before going out to purchase the diamond
Visit as many stores as possible and make meticulous comparisons between quality and price based on the 4 Cs
Only buy when the retailer is willing to provide authentic certification
Only buy from a reputed dealer who has a solid track record

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