Valerie Steele, director of the Fashion Institute of Technology in New York.Like any fancy diamonds, pink diamonds are incredibly exclusive, expensive and sought-after all over the world. From its association with Barbie and femininity, it has now become a powerful, at times, even “punk” color-or so says Dr. Since then, pink has seen huge transformations. In the 1940’s, pink began to be used to as a gender signifier in babies, a result of clever marketing to sell more baby clothes. By the nineteenth century, color was feminized, as Euro-American men adopted black suits. Throughout the eighteenth century, pink was the most fashionable color for both gentlemen and ladies. The pink diamond engagement ring craze even spread to other celebrity couples, such as Blake Lively and Ryan Reynolds, Victoria and David Beckham, and Margot Robbie and Tom Ackerley. The recent rekindling of romance between the two stars has sparked much speculation over whether the return of “Bennifer” would also mean the return of her pink diamond ring. The star popped the question with an eye-popping fancy pink diamond ring by Harry Winston. Pink diamonds became the talk of the town and rose in demand after the engagement of Jennifer Lopez and Ben Affleck in 2002. As a result, the color and hue of lab-grown pink diamonds cannot be replicated to appear even close to that of a true natural pink diamond. Some suspect that the enormous pressure undergone by pink diamonds during formation is a likely cause, though others believe it could be related to a seismic shock that impacted the stone’s molecular structure. Unlike other Fancy Color Diamonds, the pink shade is not caused from chemical impurities that cause some diamonds to appear blue or yellow. To this day, gemologists aren’t entirely sure how the pink diamond obtains its color. Part of the allure of pink diamonds is their mystery. Pink diamonds aren’t only special because of their rarity.
The price per carat of a natural fancy pink diamond can range anywhere between $100,000 per carat to over $1,000,000 per carat. And like other diamonds, the stronger the color, the higher the price tag. Pink diamonds are also graded for the intensity of the color, which follows an internationally recognized scale of: faint, very light, light, fancy light, fancy, fancy intense, fancy deep, and fancy vivid. Yet, there is no reported regular production from any mine. Now that the Argyle mine has shut, where else can high-quality pink diamonds be sourced? The stones can also be found in Russia, Tanzania, South Africa, and occasionally Brazil. This rise is greater than that of any other diamond, including the extremely rare blue diamond-making pink diamonds a great investment, as well as a wonderful engagement ring.
In fact, according to the Fancy Color Research Foundation (FCRF), the value of pink diamonds already rose 116 percent between 20. The value of diamonds like these is expected to skyrocket after the closure of this mine in 2020. Even the famed Argyle mine in Australia, known for producing over 80% of the world’s pink diamonds, finds them only amongst less than 1% of its stock. Pink diamonds are among the rarest fancy color diamonds.
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