The rarest diamonds you can find are lying on the west side of Australia, where the Argyle Mine is located. The Rio Tinto group owns the said mine which has been operating since the 1980s. Following this, the said mine had been the major producer of diamonds worldwide.
Unfortunately, in the fourth quarter of 2020, the Argyle Mine closed its business. Reports indicated that the quality of diamonds is not as high as the market expects them to be.
Moreover, less than 5% of the mined diamonds pass the value that is recommended to be sold. It means they were spending more than they’re earning. That’s why they had to say goodbye.
Another reason for the closure is that the mine is now so deep that it’s impossible to dig deeper. Naturally, it will come to a time when a mine can no longer fulfill the desire of humans, and the Argyle Mine served them very well.
Did you know that Argyle Pink Diamonds have been very popular in the market? Collectors and jewelry lovers tend to choose them among other fancy-coloured diamonds. If you’re also interested, it’s never too late for you to start your collection! Check these 5 things you should learn about argyle pink diamonds.
1. Know the grade and shades
Argyle pink diamonds have a unique colour grading which makes them different from other fancy coloured diamonds. Since its colour varies distinctively, you can also collect a wide range of pink shades. No need to worry about their prices, according to experts, will never drop.
Moreover, the main colour categories of argyle pink diamonds range from purple-pink to pink champagne. When investing, you should consider the intensity of pink because it has an impact on the pricing.
Similarly, you can also find secondary colours in pink diamonds, and the secondary colours also affect the value of diamonds. For example, if you’re choosing between pink diamonds that have blue and brown secondary colours, you should pick blue diamonds because they are rarer than brown.
2. Know about the clarity
The clarity of diamonds is about how blemish-free and clean the grade is. There are various levels of clarity grading to identify how clean the diamonds are.
The rating can be from Flawless or Internally Flawless (which means that there are no signs of blemishes under 10x magnification) up to Included or I3 (meaning the diamonds have an obvious trace of blemishes).
When buying pink diamonds, you have an option to consult experts to make sure that you’re buying the right products. Of course, the clearer the diamonds, the higher their value. The good thing about pink diamonds is that they tend to hide blemishes so they won’t affect the entire appearance.
3. Know the carat size
A carat (0.2 g) of a pink diamond is worth around less than 4,000 GBP up to more than 8,000 GBP depending on the other factors. These factors like the cut, shape, and size are essential in identifying the overall value of diamonds.
The biggest purple-pink diamond ring ever auctioned is called “The Sakura”. It’s around 15.8 carats, sold for over 27 million dollars at Christie’s (a well-known auction house in London).
4. Know the rarity
Did you know that argyle pink diamonds are the rarest among fancy coloured diamonds? Moreover, due to the recent closing of Argyle Mine, they became rarer than before. Since the mine managed to supply around 90% of the world’s pink diamonds, the usual demand will increase drastically.
Now is a good time to invest in argyle pink diamonds due to the scarcity. They will be even more valuable as years go by.
5. Know the different cuts
Diamond cut can affect the overall value at about 30% to 40%. In addition, the actual cut and the shape are being graded from Ideal to Poor. According to the GIA grading system, the Ideal and Excellent scales are both evaluated to have higher values. When a diamond’s cut is not as ideal, the lesser sparkles there will be.
Similarly, there are shapes that experts found to be rare. As for argyle pink diamonds, radiant, pear, and cushion are some of the shapes that catch the buyers’ interest.
Hope you learned a lot in this less than a 10-minute crash course about the basics of identifying the value of argyle pink diamonds. If you know any other ways, don’t hesitate to give us some tips by leaving a comment below!