Pink Diamonds: A Buying Guide
White diamonds are no longer bought by a number of wealthy people. Such people view white diamonds as commonplace. Instead most wealthy people opt to purchase certain types of colored diamonds which are rare and highly valuable. Pink diamonds are the rarest and most valuable, among other varieties of colored diamonds. On average pink diamonds cost 20 times more than the cost of white diamonds. Due to this, plenty of people are purchasing pink diamonds as investment instruments. On average 3 years is enough for pink diamonds to appreciate by up to 50 percent. This is a major reason why the wealthy use them as investment instruments. The advantage is that any individual can put their money in these rare minerals. You can invest in these minerals even if you are not wealthy
Why Pink Diamonds are So Rare
Pink diamonds are so rare because of a number of reasons. Firstly, in 10,00 diamonds mined you’ll only find one pink diamond. Scientists are yet to conclude what causes the pink color in diamond. 90 percent of pink diamonds in addition come from a site in Australia. The site’s name is Argyle pink Diamond situated near Perth ,Western Australia. Production in the mine is set to conclude in 2020, though it began in 1983. Countries such as South Africa. India, Brazil and Indonesia account for the rest of the pink diamonds. The largest market for pink diamonds is the US, followed by japan and India.
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Generally, white diamonds are judged on clarity, carat weight, cut and color. On the other hand, pink diamonds are judged using a different criteria. In this instance, darker pink diamonds fetch high prices. Ultimately, buyers ought to choose pink diamonds that inspire them. Apart from color saturation, it is essential for a person to consider their budgets when purchasing pink diamonds. If money is not an issue, then you can opt to go for the priciest pink diamonds. The most expensive diamonds are dark in color. The decision to go with lighter or darker shade depends on your budget. Intensity, hue and brightness are the other factors that determine the value of pink diamonds.
With 90 percent of pink diamonds coming from one site in Australia, it is safe to say that most of the diamonds being sold are legit. You should however make sure that you ask the origin of every piece of diamond you purchase. Being aware of the origin of diamonds helps you avoid diamonds bought from violent areas. You should for instance avoid purchasing diamonds coming from Sierra Leone. Lastly, you can purchase pink diamond from popular jewellery retailers. Also, you can purchase pink diamonds online.