Australian Pink Diamonds | Exploring the Rarest of Rare

Pink diamonds represent less than 0,01% of diamond production worldwide. With only one in every ten thousand diamonds being a colored diamond, they are the epitome of luxury jewellery.

For the last two decades, Dracakis Jewellers has maintained a small collection of fine Australian Pink Diamonds, set in beautiful designs with accompanying white stones in precious metals. You can explore the collection of Australian Pink Diamond Engagement Rings here.

Most natural fancy color diamonds get their spectacular hues from trace elements that came in contact with the pure carbon structure during the gem’s formation—a process that took place millions of years ago. But the star of this post, the natural pink diamond, has a different origin.

In this guide, you will discover:

• What gives pink diamonds their natural color?

• The rare Argyle pink diamonds and why their value will continue to increase.

• The extraordinary range of hues pink diamonds can display.

What Are Pink Diamonds? 

The presence of hydrogen, nitrogen, and boron atoms in a diamond’s crystalline structure, results in the stone displaying different colours. The higher concentration of atoms, the more intense the colour will be. But the romantic hue in pink diamonds likely comes from a crystal lattice deformation called ‘graining’. Scientists believe this phenomenon to have been caused by extreme pressure during the diamond’s journey rising through the Earth’s crust. The truth is, the origin of a diamond’s pink hue is still an intriguing mystery. 

Out of the 4C’s of diamond quality, colour is the most important factor to determine the value of pink diamonds. Even more so than cut, or clarity. Cut, however, is used creatively to bring out the color. Shapes like the marquise, pear and emerald cuts have larger windows that allow diamonds to show their color. That’s why for natural coloured diamonds, fancy shapes are more popular than the brilliant cut.

Pink diamonds are only a tiny percentage of the already scarce natural fancy colour diamonds. Throughout history, pink diamonds have been sourced from different locations. The Kollur and Agra mines in India produced quite extraordinary specimens during the 17th and 18th centuries. Pink diamonds have also been found in Russia, South Africa, Central Africa, and Brazil. 

But for the last 37 years, almost 90% of all pink diamonds in the world came from one single place: the Argyle mine in Australia. Every year they held an exclusive auction to sell their limited inventory of remarkable pink diamonds with the higher carat weights and more intense colors. The famous mine ceased operations recently in November 2020, sparking an even higher interest in acquiring Argyle pink diamonds. With the primary source of pink diamonds exhausted, their value and price will continue to rise, thus attracting more investors and collectors. 

The Shades of Pink Diamonds

Coloured diamonds are typically organized into different color-intensity categories from Faint to Fancy Deep. But colour is so diverse that it seems restrictive to think of it within the limits of an eight-name scale. 

Pure pink diamonds command higher prices, but the presence of secondary colors like yellow or brown creates gorgeous, interesting hues. From very light Old Rose to deep Burgundy, there’s a pink diamond for every taste.