Friends who have studied jewelry must know that diamonds are the most beautiful investment products that represent taste, especially pink diamonds. They have considerable potential for appreciation in the past few years and even in the future. Now let WILLS tell you why pink diamonds are It’s worth investing in!
The Argyle diamond mine in Australia, as an indicator of the value of pink diamonds in the global market, only produces a very small amount of pink diamonds a year, but it accounts for 90% of the world's top pink diamond output. But last year, in 2020, its mining company Rio Tinto stopped mining. Natural pink diamonds were the second rarest color in the colored diamond family, and have now become more precious. Rio Tinto officials stated that the price of high-quality pink diamonds has increased at an alarming rate since 2000, rising by nearly 500% in the past 20 years. In the past five years, it has increased at an annual rate of 10%-15%. After the mining area was closed, the price of pink diamonds increased overnight. It is difficult to buy ARGYLE pink diamonds.
[Image source: Argyle Pink Diamonds]
As early as 2019, after the Argyle diamond mine announced that it would be closed, pink diamonds have achieved great results at major auctions.
Christie's Hong Kong - "The Bubble Gum Pink"
3.43ct vivid purple pink IF diamond ring, sold for HKD 58,825,000
Sotheby's Hong Kong
10.64ct vivid purple pink stone with ring, sold for HKD 155 million
Guardian Hong Kong
4.58ct fancy purple pink diamond ring, sold for HKD 25,390,00
Just last year, when the ARGYLE diamond mine was closed, the 14.83ct pink diamond "The Spirit of the Rose" produced in Abiliyak, the Sakha Republic in northeastern Russia, attracted global attention and was sold at Sotheby's in Geneva. The price was sold at the auction for HK$207 million, setting a new global auction record for a purple-pink diamond.
Pink Diamond Color Rating
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