Diamonds alone are beautiful, expensive, and loved by most. But one of the most beautiful gemstones isn’t the classic diamond, but a pink diamond! Pink diamonds were once only for the wealthiest of people, and sold exclusively in dark markets between experienced diamond purchasers. Occasionally, a pink diamond could be purchased from a jeweler, but they were usually sold only to those who had done a serious amount of business at the particular location. Otherwise, a pink diamond was virtually impossible to purchase.
Just as celebrities changed public opinion about diamonds and engagement rings, they’re also now creating a market for pink diamonds for people who don’t make $10 million per movie. In fact, it was just this decade that pink diamonds stole the headlines as they appeared in numerous celebrity engagements and wedding pictures.
Pink diamonds are, and will probably forever be, the most expensive diamond, and the most expensive gemstone. So few of them are produced each year that the sheer number of buyers vastly exceeds willing sellers, and it is rare even to encounter one in most jewelry stores. While they are accessible, they still aren’t easy to find by any means.
Unlike a normal diamond, where color, or clarity, is of much importance, a colored pink diamond is sold on a sliding scale for its color. However, unlike a clear diamond, the color of the pink diamond does not much matter in terms of price, relative to other diamonds. That is to say that an off-color pink diamond will only be marginally less expensive to a pink diamond than an off-color white diamond would be to a perfect white diamond.
This isn’t the case with the name labels that are not attributed to color, but to refraction of light. A pink diamond is just a diamond, but an fancy cut intense pink diamond is nothing of the sort. In fact, a pink diamond of quality may cost $12,000 in a one carat size, which does seem a little aggressive, to say the least. However, the fancy cut intense pink diamond may sell for more than $60,000 in a half carat size. To purchase a diamond much larger than a half carat, at least in the fancy intense quality, you would need to speak to an international jeweler close to the actual production of the stone. Otherwise, chances are slim that one will ever cross your path.
The prices for pink diamonds do vary greatly, as there is no real defined price for each. So few of them are actually sold each year that it becomes difficult to chart prices, and price history, and so many are vended without public sale that no one can compare them to one another. Listings may vary wildly, though it isn’t rare to see that a pink diamond of .2-.3 carats sell for $5,000 even as larger, near equal quality stones sell for roughly the same price.
At the end of the day, whether or not a pink diamond is a worthy expenditure of your money is up to you. The good news is that pink diamonds are unlikely to go out of style any time soon, and they have quickly become the “go-to” stone for people who are wealthy enough to be the richest of the rich.
As an investment, a pink diamond makes a good purchase. Diamonds do not degrade over time, and their strength means that they can withstand being worn through generations. Consider that a purchase today means that you’ll own it now, just as you will ten years from now, and should you decide to sell it, there is always another group of people wanting to buy. The good news is that the sky is virtually the limit because if you have the money to shell out for a major diamond purchase, the difference between $5,000 and $6,000 probably doesn’t mean all that much to you.