How To Buy Pink Diamonds
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. As results, lots of people are acquiring pink diamonds for the purposes of investing. In normal circumstances, pink diamonds can appreciate by 50% or more in 3 years. This is one of the reasons why people are opting to invest in them. The good thing is any person can invest in these rare metals. One doesn’t necessarily need to be rich to invest.
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. In addition, a certain site in Australia accounts for 90 percent of pink diamonds. 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. India, South Africa, Indonesia and Brazil account for the remaining 10 percent of pink diamonds. The Us, Japan and India are the biggest buyers of pink diamonds.
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When Purchasing Pink Diamonds Consider the Following Tips
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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. Darker pink diamonds are the most expensive in this case. In the end, one should go for pink diamonds that’s motivating. When purchasing pink diamonds, you ought to consider your budget other than color saturation. If you have more money, then you can go for the most expensive pink diamond. The most expensive diamonds are dark in color. The decision to go with lighter or darker shade depends on your budget. Additional qualities that determine the price of pink diamonds are brightness, hue and intensity.
Most of the pink diamonds being sold are legit if you take into consideration that 90 percent of pink diamonds are mined from one site in Australia. 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. In addition, pink diamonds can be bought from the internet.