How are the prices doing at auctions?
The ‘Argyle Pink Diamonds Tender’ collection has been going under the hammer for astronomical amounts every year. The diamonds are named after the location they were found and go for a great deal of money as a result of their rare pink and fancy red colours. The increasing demand for these coloured diamonds has added to their value too, as the growth of the stock is negligible.
The pink and red diamonds are not the only ones becoming rarer as a result of the decreasing number of mines. The blue diamond is also incredibly rare and has experienced a huge boost in recent years as a result of its unusual natural tint. Two record-breaking diamonds were pink and blue in 2017.
Where do pink diamonds come from?
The pink Argyle diamonds come from the eponymous mine in Australia. This is just about the only known place on earth where pink and red diamonds can be found. The demand for diamonds from Rio Tinte’s Argyle mine has therefore been growing for years, which has led to sensational sales prices, which are still continuing to rise. They are much more valuable than colourless diamonds, but also much harder to sell. Buying coloured diamonds is therefore certainly not a smart choice for everyone.
Even other, less rare, coloured diamonds will continue to increase in value. However, it is important to choose the right colour and the right grading when you want to buy coloured diamonds. After all, these are the most important aspects of your unique investment.