A number of rich people no longer buy white diamonds. To such people, white diamonds have become ordinary. Instead most wealthy people opt to purchase certain types of colored diamonds which are rare and highly valuable. Pink diamonds are the rarest and most valuable, among other varieties of colored diamonds. On average pink diamonds cost 20 times more than the cost of white diamonds. Because of this,a lot of people are buying pink diamonds for investment purposes. Pink diamonds can appreciate by 50 percent or more by average in 3 years. This is one of the reasons why people are opting to invest in them. The positive thing is that any person has the ability to invest in these rare metals. You can invest in these minerals even if you are not wealthy
The Reason Pink Diamonds are Rare
Pink diamonds are so rare because of a number of reasons. For starters, there is only 1 diamond in every 10,000 diamonds mined. The pink color in diamonds is still a mystery as scientists are yet to find the cause. In addition, a certain site in Australia accounts for 90 percent of pink diamonds. The location is called Argyle Pink Diamond site and is situated in Western Australia in the City of Perth. Production in the mine is set to conclude in 2020, though it began in 1983. India, South Africa, Indonesia and Brazil account for the remaining 10 percent of pink diamonds. The largest market for pink diamonds is the US, followed by japan and India.
When Purchasing Pink Diamonds Consider the Following Tips
White diamonds are generally judged on color, clarity, carat weight and cut. Pink diamonds are judged differently on the other hand. In this instance, darker pink diamonds fetch high prices. One should ultimately choose pink diamonds that’s inspiring. When purchasing pink diamonds, you ought to consider your budget other than color saturation. You can choose the most expensive pink diamonds if you have no budget concerns. The most expensive diamonds are dark in color. Your budget will decide whether you’ll go with darker or lighter shades. Additional qualities that determine the price of pink diamonds are brightness, hue and intensity.
Most of the pink diamonds being sold are legit if you take into consideration that 90 percent of pink diamonds are mined from one site in Australia. You should however make sure that you ask the origin of every piece of diamond you purchase. Knowing the origin helps avoid buying diamonds that have been acquired though violence. For instance, you shouldn’t buy diamond originating from Sierra Leone. Last but not least you can purchase pink diamond from a select jewelry retailers. In addition, pink diamonds can be bought from the internet.
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