If you’re in the market for a diamond, it’s probably for a very special occasion. Perhaps it’s an engagement ring, a gift for a significant birthday, or to say “I love you” after years of happiness. Whatever the reason, a diamond is a big purchase and will likely be worn for years, so you want to make the right decision. And with so much choice out there, it can be hard to know where to start.
For some, the search begins with a colour, and pink diamonds in particular have become highly sought-after. Even style icon Blake Lively wears an extremely beautiful, $2 million pink diamond engagement ring.
Around 90% of the world’s pink diamonds come from Australia’s Argyle Diamond Mine, which is expected to end production within a few years. So Argyle pink diamonds are fast becoming the most rare of their kind. With the innate sense of romance embodied in this gorgeous gem, there is perhaps no better way to demonstrate love than with a rare pink diamond.
Here are a few facts about pink diamonds, and what to look for when you’re buying one.
The Argyle Diamond Mine explains that, unlike other coloured diamonds, the source of the pink colour is a mystery. Instead of being caused by a trace element, the pink hue is thought to be as a result of extreme pressure beneath the earth’s surface and the refraction of light within the stone.
Unlike white diamonds, when searching for a coloured gem, the three Cs of cut, carat and clarity are generally outshone by the big C of colour. When it comes to colour, the hue, tone and saturation are the elements to look for. The stronger the colour, generally the more expensive the stone.
Whether you’re browsing through jewellery stores in the Sydney CBD or elsewhere around Australia, look for one that is a member of the Jewellers Association of Australia or Diamond Guild Australia. Both have a code committing members to ethical selling practices. Don’t trust websites that promise cheap, discounted pink diamonds either. If it sounds too good to be true, it usually is.
Ask for an independent grading certificate for stones that are larger than 0.5 carats. This certificate will give you the peace of mind when you finally make the purchase.
You should also get an independent valuation of the stone. Choose a valuer who is registered with the National Council of Jewellery Valuers.
Once you have paid a deposit, you should be given a detailed receipt which describes the characteristics of the diamond, along with any associated piece of jewellery.
The purchase of a precious piece of jewellery ultimately comes down to personal taste. But following these few simple steps can help ensure that you make an informed decision on a precious gem that will last a lifetime.