Fancy purple diamonds account for only 0.2% of all colored diamonds in production, making them among the most rare in the world. The typical gem weighs less than 5 carats. Regardless of the size, even the smaller gems have potential to be worth much more than other colored stones.
Image Source Forbes.com
Purple diamonds (sometimes referred as pink purple diamonds), are held to very high standards as their hue represents wealth, royalty, and power; it is no coincidence that these diamonds are so exclusive. These stones obtain their distinct color as a result of various trace elements such as nitrogen, boron, or hydrogen. These elements make each and every one of the diamonds unique. Although not scientifically proven, it is highly assumed that these pure purple diamonds obtain their color as a result of extra hydrogen being introduced during the natural formation process.
Colored diamonds are found throughout the world. More specifcally, purprle are typically discovered in Australian and African mines, although found in very low volume. Because these gems are so hard to find, they have generated a great amount of interest among investors and collectors, driving a drastic increase in price. The journey of these precious stones is often one of a nomadic form, from the moment they are discovered until the moment the diamond reaches the hands of the fortunate owner. No different is the story of the Purple Orchid.
The Purple Orchid is a fancy intense pink purple diamond that quickly grabbed the attention of many investors for its size and the rarity of its color. The cushion cut diamond was discovered at an unnamed mine in South Africa, one of the very few places around the world where pure purple diamonds can be found. The stone was purchased in its rough and natural state, weighing 4 carats. After several months of intensive polishing and cutting to reveal the diamonds true orchid color, it was unveiled in its final form, weighing 3.37 carats with VS2 clarity. The VS2 clarity is a rating that denotes the stone as nearly flawless. Purple diamonds of this color, intensity, and weight are considered a true rarity of nature.
The Purple Orchid was scheduled to be auctioned off at Hong Kong’s Jewelry and Gem Affair on September 2014. The asking price for the diamond was set at $4 million, approximately $1.2 million per carat. As is common in high valued auction, both the final selling price and winning bidder were never disclosed.
Naturally colored diamonds are in demand now more than ever before, and the exquisite Purple Orchid ranks above all of its kind due to its rare purple color, intensity, and larger than usual size.
Throughout the years, colored diamonds have made a few rare, yet impressive appearance at diamond auctions, bringing in millions of dollars. These gems are among the most sought after by investors who are seeking to expand their portfolios with a high return on investment.
For more reading on colored diamonds, check out the link below.
- Tribute to the Brilliant Blue Diamonds
- Red Diamonds – Everything You Wanted To Know
- The Dresden Green: The Most Historic Green Diamond
- Investing in a Natural Pink Diamond: What You Need to Know