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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. Most rich people instead choose to go for certain kinds of diamonds that are highly valuable and rare. 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. Due to this, plenty of people are purchasing pink diamonds as investment instruments. On average 3 years is enough for pink diamonds to appreciate by up to 50 percent. This is the main reason that the rich use them as investment instruments. The good thing is any person can invest in these rare metals. One does not necessarily need to be wealthy in order to put money into these metals.

The Reason Pink Diamonds are Rare

Pink diamonds are so rare because of a number of reasons. You can only find 1 pink diamond in every 10,000 mined. Scientists are yet to conclude what causes the pink color in diamond. Also, 90 percent of pink diamonds come from one site in Australia. The site’s name is Argyle pink Diamond situated near Perth ,Western Australia. Production in the mine is set to conclude in 2020, though it began in 1983. India, South Africa, Indonesia and Brazil account for the remaining 10 percent of pink diamonds. The largest market for pink diamonds is the US, followed by japan and India.

What to Consider When Buying Pink Diamonds.

Generally, white diamonds are judged on clarity, carat weight, cut and color. Pink diamonds are judged differently on the other hand. Darker pink diamonds are the most expensive in this case. Ultimately, buyers ought to choose pink diamonds that inspire them. 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. The most expensive diamonds are dark in color. Ultimately, it is your budget that decides whether you go with a darker or lighter shade. Additional qualities that determine the price of pink diamonds are brightness, hue and intensity.

Provenance

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. However, you should inquire about the origin of each and every piece of diamonds you buy. Knowing the origin helps avoid buying diamonds that have been acquired though violence. You should for instance avoid purchasing diamonds coming from Sierra Leone. Last but not least you can purchase pink diamond from a select jewelry retailers. In addition, pink diamonds can be bought from the internet.
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