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Twinkle, twinkle little star, How I wonder what you are…
… And then one day, man found mother earth’s most precious ‘twinkling wonder’. Yes, you guessed it correct – ‘Diamonds’.
Natural or Fancy Colored Diamonds
Natural or fancy colored diamonds are extremely rare to find, which makes them more precious and expensive than coloreless diamonds. It is estimated that only one in every 10,000 diamonds possesses natural color and is referred to as ‘colored diamonds’. Diamonds are found in almost any naturally occurring color, including yellow, green, purple, blue, orange, and pink.
More than 90 percent of the world’s supply of natural pink diamonds is produced in a diamond mine called the Argyle Mine in Western Australia. Although it is known how other fancy colored diamonds get their color, the color of pink diamonds remains a mystery.
Many scientific views and theories have been presented about the origin of pink diamonds. It is believed that unlike other fancy colored stones pink diamonds do not contain any impurities, from which other colored diamonds derive their color.
Another theory states that these diamonds got their peculiar hue due to the enormous pressure they underwent during formation. This phenomenon is called plastic deformation and scientists believe that this process is behind the origin of the pink diamond’s color.
Theories or no theories, as you are reading this, we believe that you have also been enchanted by their beauty and cherish a desire to own them.
Shades of Pink Diamonds
The shade of a pink diamond is graded basis two values – its intensity and its strength.
The GIA grades for pink diamonds are :
- Very Light
- Fancy Light
- Fancy Intense
- Fancy Vivid, Fancy Deep or Fancy Dark
The ideology that works with most fancy colored diamonds is, the darker and richer the color, the more expensive the diamond is.
An important point to be noted is that pink diamonds are often found with other secondary hues such as purple, brown, gray, orange and even brownish-purple. Also, the presence of a secondary tone has an impact on the stone’s value.
Pink Diamond Pricing
Did you know that Ben Affleck proposed Jennifer Lopez with a 6.1-carat pink diamond in 2002? Since then, along with the marketing efforts, prices of pink diamonds have risen exorbitantly.
Among other colored diamonds, pink diamonds stand out as luxurious and prestigious diamonds. The reason why they are so expensive lies in the fact that they are second rarest in the colored diamond category.
These magnificent stones are highly rare, with only a few produced yearly. Therefore, high-quality pink diamonds are the most expensive and coveted natural colored diamonds at present (except red diamond). A pink diamond can cost more than 20 times the price of its white equivalent.
Pink diamond’s price and value both increases exponentially with an increase in its size and color intensity. In simple words, color and carat weight have the greatest impact on a pink diamond’s price. Therefore, it is important to have a clear budget in mind before looking for pink diamond jewelry.
Another thing that significantly impacts the pricing is the presence of a secondary hue. A pink stone with a secondary tone would be priced lesser than pure pink ones. It is extremely difficult to find a high-quality pink diamond and possessing a pink diamond is no doubt an addition to your assets.
The 4 C's of Pink Diamonds
- Color: Prices go up with the color intensity level of pink diamonds. Pink diamonds that are graded intense or vivid are very valuable. When combined with secondary colors, the rarer the secondary color is, the higher also the price. Brown and orange are the more common secondary colors, with purple being rarer.
- Carat: With pink diamonds, the price increases exponentially with the carat size. A .50 carat stone might retail for $50,000 while a 2 carat stone could sell for $500,000.
- Clarity: Clarity is important when considering colored diamonds but not as crucial as it is for colorless stones. As color tends to hide flaws, even stones with lower clarity levels can still be sold for high prices. The grading is the same as in regular diamonds: FL, IF, VVS1, VVS2, VS1, VS2, SI1, SI2, I1, I2.
- Cut: When it comes to colored diamonds, the focus of the cut should be on maximizing the color of the stone. What matters the most is the color and not the brilliance. When talking about diamonds in general, round brilliant cuts are the most expensive, however, with fancy colored diamonds, you won't find many round brilliant cuts. A round brilliant cut is meant to maximize the amount of light moving through the diamond and make it appear whiter - which you don't want in a fancy colored diamond. Cushion cuts and radiant cuts are much more common because they maintain the color of the stone.
Engagement Ring Settings for Pink Diamond
Pink is the color that exudes feminity, modernity, elegance, beauty, romance, and charm. With their astounding hue, pink diamonds make for stunning engagement rings.
- Three- stone setting: Pink diamond can be paired with side stones to increase the ring size appearance and hence the sparkle of the ring. It is an excellent idea to go for if the diamond size if less than 0.50 carat.
- Halo setting: Halo setting made of small round brilliants can enhance the color and size appearance of the pink diamond.
- Double halo setting: With a double halo setting, adding a second layer of small stones to the ring can highlight pink diamond even more.
If Pink Diamond is beyond Your Budget - Pink Diamond Alternatives
As you now know that these little wonders are the priciest and rarest of all the fancy colored diamonds, hence purchasing a pink diamond is not an easy deal.
If you have set your heart and eyes on a pink diamond and feeling disappointed that it is out of your budget, there are other gemstones which can be great alternatives to pink diamond.
These crystals contain traces of chromium which gives them a pinkish purplish shade. Like pink diamonds, pink sapphires are one of the most popular in their group. They are very rare considering other gemstone varieties, but not as rare as pink diamonds.
- Color: Both pink diamonds and pink sapphires come in a variety of shades. The shade of pink sapphire is generally brighter than those of pink diamonds.
- Pricing: Pink sapphires are generally less expensive than pink diamonds. Pricing of pink sapphires is pretty simple with more vivid shade, higher the value of the stone.
- Durability: Both pink diamond and pink sapphire are durable stones. They do not get scratched easily and are suitable for long-term use. This is one of the reasons which make them a perfect choice for engagement rings. Sapphires are a 9 on the Mohs scale of hardness.
Browse the stunning selection of pink sapphire jewelry on Etsy.
Lab-created Alternatives (also known as synthetic, man-made, created and cultured) Diamonds
As the name suggests, lab-created stones are grown or created inside a laboratory. Under specifically controlled conditions, these labs simulate the natural process which creates a natural stone, but for a short period.
These lab-grown stones are similar to natural stones in all aspects except the fact that they are grown in a lab.
A lab-created diamond would still be expensive but cheaper than its natural counterpart. Similarly, lab-created sapphire can help you cut down on the price significantly without compromising on the quality.
Treated or Enhanced Stones
A colorless diamond or other gemstone undergoes various treatments to give the stone the desired color. Here, the stones are real, the only difference is that they are colored or their color is enhanced artificially. The only disadvantage of these treated stones is that the color can fade over time with exposure to heat and light.
A member of the beryl family (along with emeralds), Morganite sits at 7.5 - 8 on the Mohs hardness scale. Morganite stones are color treated with high heat to develop their hues of pastel pink, peach, purple, and orange. Morganite is known for its light, seductive coloring, and dazzling sparkle.
Browse beautiful pink morganite jewelry on Etsy.
Moissanite ranks second to diamond in hardness. While a diamond is a 10 on the Mohns hardness scale, moissanite sits at 9.25. This is a lab-grown stone, as its naturally-occurring counterpart is extremely rare. This stone offers more fire and brilliance than a diamond, with the light reflected giving off a rainbow of colors.
Etsy has a good selection of pink moissanite jewelry.
How to Save Money Buying a Pink Diamond
- Buy below a weight class (i.e. 0.90 carat diamond instead of 1.00 carat diamond).
- Do not discriminate lower clarity diamonds but rather think of the location of the inclusion and conceal it with smart setting.
- Use a rose gold setting to compliment and intensify the color, then you can opt for a lighter colored (and therefore, cheaper) pink diamond.
- Reduce the size of the main pink stone and use a halo of colorless diamonds to increase the size of the jewelry.
- Brown to brownish pink and orangey pink color diamonds are much cheaper than pure pink and purple pink.
How to Purchase Pink Diamonds?
With all that listed above, you can be sure to buy your dream stone. However, buying a diamond is neither an everyday deal nor an easy affair. Therefore, it is imperative that you buy your stone from the most reputable and trusted vendor, and also receive a stone’s certificate of authenticity from a certified third party. Make sure the diamond you are buying is certified by the GIA.
We strongly recommend buying diamonds from James Allen. They are the most reputed sellers who provide GIA certificates with their diamonds. They are the leader in online diamond sales. With 18+ years of experience and prime focus on customer satisfaction, they provide excellent pricing. They also have the highest tech diamond imagery in the industry, making it easy to accurately search and review diamonds.