Pink Diamonds: A Buying Guide
White diamonds are no longer bought by a number of wealthy people. The view of such individuals is that white diamonds are average. 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. White diamonds are 20 times less valuable than pink diamonds. As results, lots of people are acquiring pink diamonds for the purposes of investing. Pink diamonds can appreciate by 50 percent or more by average in 3 years. This is the main reason that the rich use them as investment instruments. The advantage is that any individual can put their money in these rare minerals. One doesn’t necessarily need to be rich to invest.
Why Pink Diamonds are So Rare
The rarity of pink diamonds is down to a few reasons. Firstly, in 10,00 diamonds mined you’ll only find one pink diamond. The pink color in diamonds is still a mystery as scientists are yet to find the cause. Also, 90 percent of pink diamonds come from one site in Australia. The location is called Argyle Pink Diamond site and is situated in Western Australia in the City of Perth. Production in the mine began in 1983 and is set to conclude in the year 2020. 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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When Purchasing Pink Diamonds Consider the Following Tips
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White diamonds are generally judged on color, clarity, carat weight and cut. Pink diamonds are judged differently on the other hand. In this case the darkest shades fetch the highest prices. One should ultimately choose pink diamonds that’s inspiring. Aside from color saturation, it also important to consider your budget when buying pink diamonds. If money is not an issue, then you can opt to go for the priciest pink diamonds. Pink diamonds that have a darker hue are the most expensive. Your budget will decide whether you’ll go with darker or lighter shades. Other qualities that determine the quality of pink diamonds include hue, brightness and intensity.
Bearing in mind that 90 percents of all pink diamonds come from a single site in Australia, means that most pink diamonds being sold are legitimate. For every piece of diamond you purchase, make sure you ask about the origin. You can avoid purchasing diamonds that have been acquired through violence if you know the the origin. For example you should never purchase diamonds from sierra Leon Lastly, you can purchase pink diamond from popular jewellery retailers. Also, you can purchase pink diamonds online.