So we all know that ‘diamonds are a girl’s best friend’ but it’s quickly becoming the pink kind that are the friendliest of them all.

The Argyle Diamond mine in Western Australia is renowned for producing the best pink diamonds in the world. Yes, you can find pink diamonds in other parts of the world, but nowhere can you find the exquisite clarity and luminosity of the pink diamonds found in the Argyle. However, there is a finite supply of these beautiful stones and it has been estimated that there is a maximum of 7 years left at this mine before it closes.

What does this mean?

Well, as with anything in scarce supply, the price of pink diamonds is, and will continue to steadily rise. To put things in perspective, the highest quality pure, 1 carat white diamond will cost around $35,000. The same high quality pink diamond is priced at $1,300,000!

The value of pink diamonds has been increasing by around 35% year on year but experts believe that values will skyrocket by around 500% once the mine closes.

With coloured diamonds and other stones increasing in popularity for engagement rings, a pink diamond could see you not only on trend, but also with a very sound investment piece.

What makes pink diamonds so special?

The truth is that scientists still do not completely understand how the natural pink colour is formed. All diamonds are comprised of carbon atoms. The way the atoms are bonded together in what is know as a crystalline lattice means that they can’t absorb light which is what gives them the pure colourless look we are all familiar with.

What scientists do know is that coloured diamonds have ‘defect centres’. This is where the lattice is missing some of the initial carbon atoms, or, another element has entered the mix.

Yellow diamonds are created because of the presence of nitrogen atoms, blue diamonds from boron.

However, what additional element has entered to create the pink hue remains a mystery.

Read more about the forming of pink diamonds here.  

Facts about Argyle diamonds

  • The Argyle Diamond mine is in the remote Kimberley region of Western Australia.

  • The mine has been operating since 1983 and will be closing between 2018 and 2020 as the   supply runs out.

  • Since it has opened, the mine has produced around 800 million carats of rough diamonds and is the world’s largest supplier of natural coloured diamonds.

  • The stones are so precious from this mine that for every 1 million carats of rough diamonds, only one polished stone is released for sale

  • These polished stones are released in an annual tender.

  • Although best known for the natural pink diamonds, the Argyle mine also produces champagne, cognac and rare blue diamonds.  

Troy Clancy Jewellery can specifically source high grade Argyle diamonds. If you would like to know more about Argyle pink diamonds and whether they would be a great addition to your engagement rings Sydney (or just a great investment) contact Troy today on: 02 9231 1990.