It's not only the fashion world that has gon pink crazy in recent years it the diamond industry. From Hollywood, the private to collectors to big-name investors, investment grade pink diamonds are on everyone's radar.
They are cool, trendy; the be seen fashion item if your celebrity or royalty, oh and they are extremely expensive.
Some of the rarest stones found on earth, these stones will hit your pocket to the tune of around $100,000 per carat.
What Factors are Involved to make them so expensive?
Up until the late 1970's and early 1980's, they were primarily only in collections of royalty handed down over generations.
Until the discovery of the Argyle Mine in Western Australia. Up until that point pink diamonds'on occasion ' were found in mines in Brasil, India and South Africa, but this was relatively infrequent.
The Argyle mine changed all this and today's sits atop the tree of pink diamond production, albeit their pink diamond production is 0.003 per cent of the overall diamond production from the facility per year making its value anywhere from 10 to 100 times more than any white diamond.
The market boasts various coloured diamonds that are collectible from certified retailers, primarily found in the major cities in Australia but the pink diamond is by far the most prestigious stand-out piece.
2.# Rio Tinto's Announcement
It came as a bit of a bombshell to the industry, but Rio Tinto announced that it would be closing down the Argyle mine by 2021. Although the mine is responsible for almost the entire worlds yearly production of the stones, the mine is there to produce large quantities of other diamonds all of which seem to be drying up at an alarming rate with production seemingly halving year-on-year.
This has seen a significant price jump, soon the retailers will be gone, and these diamonds available only to exclusive bidders, certainly not available on the high street.
Click here to find out about pink diamond investment in your local area as this is your last chance to get one put away for a rainy day.