Argyle pink diamonds: Understanding their Investment Potential
Pink diamonds have been a favourite among gemstone enthusiasts and investors for their beauty and rarity. However, one particular type of pink diamond has been attracting the attention of many lately, the Argyle pink diamond. These diamonds are not just ordinary pink diamonds but are considered the finest of the finest, with their unique colour and quality making them highly sought after. In this article, we will delve into the rise of Argyle pink diamonds and explore their investment potential.
Importance of Argyle diamond Mine
The Argyle Diamond Mine, located in the East Kimberley region of Western Australia, is the source of the world's rarest and most valuable pink diamonds. It is estimated that over 90% of the world's pink diamonds come from this mine, making it a crucial player in the diamond industry. The mine was discovered in 1979 and has since been in operation, producing some of the world's most sought-after diamonds.
Unique Colour of Argyle pink diamonds
The cause of colour in most diamonds is trace elements of nitrogen, sulphur and boron, however in pink diamonds, that is not always the case. In pink diamonds, the colouring is typically formed from a distortion in the crystal lattice of the diamond, as a result of pressure and heat after the stone has formed.
The pink colour of Argyle Pink Diamonds is caused by the presence of trace elements of nitrogen in the diamond's crystal structure. The unique geological conditions at the Argyle Diamond Mine in Western Australia are what give rise to the high concentration of nitrogen, which in turn gives the diamonds their distinctive pink colour.
In Argyle pink diamonds, the colour is an attractive and valuable point of difference from those in other parts of the world. They are said to have the finest and most saturated colour makeup, with dense colour graining, visible to the naked eye. The colour of Argyle pink diamonds ranges from soft pink to deep red, making them stand out from other pink diamonds. These diamonds are extremely rare, with only a few hundred high-quality pink diamonds being produced each year, making them a highly valuable investment opportunity.
Scarcity of Argyle pink diamonds
Another factor contributing to the rise of Argyle pink diamonds is their scarcity. With the Argyle diamond mine closure in November 2020, the supply of these diamonds is becoming increasingly limited. This scarcity, coupled with the high demand for Argyle pink diamonds, has driven up their value, making them an attractive investment opportunity for collectors and investors.
Timeless Appeal and Durability
The investment potential of Argyle pink diamonds is also due to their durability and timeless appeal. Unlike other investment options, diamonds are not affected by market conditions or economic downturns and are considered long-term investments. Pink diamonds, in particular, have a timeless beauty that appeals to people across generations, making them a sought-after gemstone.
In conclusion, the rise of Argyle pink diamonds is due to their unique colour, scarcity, and timeless appeal. These diamonds are a highly sought-after investment opportunity for those looking for a long-term investment with the potential for high returns. However, as with any investment, it is crucial to do your research and seek the advice of a trusted expert before making a purchase. With their scarcity, timeless appeal, and investment potential, Argyle pink diamonds are a rare and valuable investment opportunity to be noticed.