Pink Diamonds

The Australian Argyle Open Pit mining operation is scheduled to stop in the year 2007. A current review is being done about underground operations and feasibility and the costs of doing so.

One can only imagine what will happen to the price of pink diamonds if the Argyle Mine actually stops production.

Prior to the discovery in 1985 of pink diamonds from the Argyle mine in Australia, most of the pink diamonds came from India and were light and pastel in color.

In the 15 th century King Charles VII of France gave a 5-carat pink diamond to his mistress Agnes Sorel. Prior to this only men wore diamonds and this even changed the gift-giving relationship between men and women.

One of the most famous pink diamonds is the 32.34 carat light pink Agre diamond that is named after the city where it was discovered. In 1989 the Agre diamond sold as a Christy's auction for about 6.9 million dollars. The diamond was graded by the GIA as fancy light pink VS2. After the auction the diamond was re-cut to a modified cushion shape weighting 28.15 carats. It is believed that re-cutting improved the color of the diamond.

Pink diamonds are also found in Brazil. The Steinmetz pink is a 59.60 carat fancy vivid pink flawless stone. It was on display in 2003 at the Smithsonian in Washington, DC. The diamond was discovered in Southern Africa and weighed about 100 carats in its rough form. It took 20 months to cut the stone into an oval mid cut with a step-cut crown and a brilliant cut bottom.

About 5% of pink diamonds come from India, Brazil, and South Africa, but the vast majority is sourced from the Argyle Diamond Mine in Western Australia, the world's foremost source of unrivalled intense pink diamonds, producing 95% of the world's supply. However, less than 1% of the Argyle's production is classified pink.

How Australian pinks were created by nature is not known for certain. It may be because of the presence of nitrogen. If you look at a pink diamond with inclusions under a microscope you almost see a brushstroke type of ?.

Pure pink diamonds are the most desired followed by purple pink, orange pink, and brown pink. While there is a lot of interest about pink diamonds, a lot of people walk away when they see the price!

People want the real thing, and that is why there is no shortage of enhanced pink on the market, therefore synthetic and treated colored diamonds have not really had an impact on the prices on real pinks. Israeli dealer Shabtai Vogel of Dor Diamonds said that he pays from $2,000 to $5,000 per carat for one pointers compared with $500 per carat for regular diamonds of the same size. It is clear that there is such a high demand for pink diamonds because they are so enchanting and beautiful.

The modifying color that is controversial is the reddish pink, since pink is actually a lighter shade of red. The GIA considered the term redundant and did not put this color in grading reports. There are 20 color grades when it comes to fancy pinks, all with different shades and intensities, and price ranges. The more expensive stones are intense pink, vivid pink, and purplish pink while the lighter blush pinks are at the lower end of the price range. Vogel stated, " The greater the intensity of the color the more valuable the stone."
Maybe only 1% to 2% of all the pure pinks are actually bazooka bubble gum pink. Most fall short of this ideal.

Who are we?

The Geohavens name is an assurance of timeless beauty, distinct quality and uncompromising value. The Company spares no effort in sourcing from the farthest markets and the deepest mines in order to unearth the most attractive gems.

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