Despite occupying such an influential position within the diamond industry and the investment market, all mines eventually “burn out”, and unfortunately the Argyle mine is no exception. Its resources are expected to be largely depleted in the very near future, an estimation that can be further supported by Rio Tinto’s 2013 announcement of ceasing operations in 2020.
Colored diamonds have been admired for their beauty and value for hundreds of years. Within the last few decades, many types of colored diamonds have been growing in value, but one hue of colored diamond has outpaced all others. Since 2005, pink diamond price has increased by an average of 15% per year.
In April of 2017, a diamond sold at Sotheby's Hong Kong auction for $71.2 million dollars. At 59.6-carats, it was certainly a large stone, but not nearly large enough to justify its record-smashing winning bid. What made this particular diamond so unique? It was pink.
Pink, it combines the burning passion of red, with the purity of white, and with Valentine’s Day being just around the corner, what better way to surprise the one you love, than with a beautiful pink diamond.
With a massive 600% increase in value during the last decade however, these gems can be much more than just a valuable gift, they can be an investment. But just like your loved one, no one pink diamond is alike, more specifically; these stones can be categorized into 4 color categories based on their grading. So which one is right for you?
East Kimberley is a remote region of Western Australia more than 2,000 kilometers from Perth, the state capitol. Open and underdeveloped, there might not seem to be much to recommend this arid region…but under the surface, East Kimberley is home to one of the rarest and most unique treasures in the world: pink diamonds.
After stressing the advantages of investing in colored diamonds, many of you contacted us and asked which colored diamond category you should invest in accordance to your budget. Since this is one of our most frequently asked questions, we figured it was high time we shed some light on the matter.
Arpège Diamonds is a seller of many types of colored diamonds, but none are more central to the brand than pink diamonds. These stones perfectly capture the beauty and luxury that colored diamonds have to offer.
Not only do they make wonderful additions to any jewelry collection, pink diamonds also prove to be an amazing investment opportunity as their demand and value have shown significant growth in the past 3 decades.
On November 13, Christie's presented the largest Fancy Vivid Pink diamond to ever be offered at it's auction. While this sounds like a remarkable feat on its own, the stone went on to shatter the world record for highest price paid per carat for a diamond of its caliber, essentially dethroning the Pink Promise.
Image Source: Christie's
October 10th marked the day all bidders had to send Argyle their bids for each of the 63 diamonds that were being offered at this year’s annual Tender. As per usual, the stones presented were of exceptional quality and grading, leaving everyone with very positive impressions.
Image credit: Rio Tinto
Perhaps the most noteworthy thing to point out however, is that for the first time in 5 years, a diamond weighing more than 3 carats was offered!