The pink diamonds are visually mesmerizing to many apart from their price tag and the interesting story of its assessment and value. At this point, if you ever found yourself wondering what dictates pink diamond price, this guide brings you all the understanding you need.
What Determines the Pink Diamond Price?
Specifically, the factors that determine the pink diamond’s price include the following, and in combination, make pink diamonds very valuable. Let’s identify these elements:
1. Rarity and Source
Pink diamonds are among those with the lowest supply on the planet and herein lies one of their main drivers of cost; scarcity. Some of these diamonds are sourced from the Argyle mine in Australia which to date remains the single largest source of pink diamonds in the entire world having contributed 90% of them.
2. Color Intensity
The highest degree of pink in the diamond dictates its price. Pink diamonds are classified according to color from faint to fancy vivid. The greater the intensity of pink color the higher pink diamond price. For example, a fantastic vivid pink diamond can cost several times higher than the price of a weak pink one.
3. Carat Weight
The same goes for pink diamonds and, just like any other diamonds, carat weight is a primary determinant of its price. Large pink diamonds are very rare and the price rises tremendously with size and quality of the diamond. Three carat pink diamonds may cost considerably less than one carat gemstone of the similar quality.
4. Clarity
Clarity may affect any diamond’s value however, it is relatively less significant to pink diamond. The overwhelming majority of pink diamonds are accompanied by inclusions, but the stunning coloration of them makes the flaws unnoticeable. However, pink diamond price can still be raised depending on the clarity grades, which are above the mentioned grades.
5. Cut and Shape
First it allows for a certain shape of a pink diamond to greatly enhance the luster of the diamond but it also enhances the color of the pink diamond. Egg-like round, oval and pear cuts may fetch a high price because facet brings out the best in the gemstone. The amount of work required to cut these purebred stones also favours the higher pink diamond price.
How Much Does a Pink Diamond Cost?
To anyone in the market for a pink diamond it is important that they know how much these stones will set them back. The pink diamond price can change depending on the factors enumerated earlier or owe its price to other characteristics as well.
- Smaller Stones: A faint color pink diamond of 0.50 carats can cost as little as $10,000.
- Mid-Range Stones: For instance, a one-carat pink diamond with an excellent tint will range from $50,000 to $100,000.
- High-End Stones: As for larger stones, such as vivid hue, it is not a problem to meet the price for a single carat in amounts more than one million dollars.
The above mentioned figures are quite illustrative of how much of a luxury pink diamonds are in today’s world.
Why Has the Pink Diamond Price Increased Over Time?
Several factors have contributed to the rise in pink diamond prices over the years:
- Depleting Supply: The shutting down of the Argyle mine has made pink diamond a rare product to find hence the high prices all over the world.
- High Demand: These pink diamonds are in big demand by collectors, investors and jewelry lovers which helps to raise the value even more.
- Investment Potential: To most, pink diamonds are considered to be more secure forms of investment given the scarcity of the stones and the record of increasing prices.
By this reason, the pink diamond price is likely to keep on increasing from time to time and thus you can consider them as long-term securities.
Conclusion
Pink diamonds are then gorgeous stones; they are ultimate treasures. Pink diamond price shows that these stones are extremely sought after due to some very special qualities. The knowledge of the factors that affect their cost will help you in the market as you try to make your purchase. Purchasing a pink diamond is simply buying a fragment of natural beauty but also a piece of art that may be a good investment in the future.
