the growing rareness of pink diamonds
TRANSCRIPT
By Ehud Arye Laniadowww.ehudlaniado.com
The Growing Rareness of Pink Diamonds
DOC ID
Presentation by Ehud Arye Laniado
2
So far in our examination of fancy colored diamonds, we have looked at the most common, yellow, and one of the least common fancy colors, blue. However, pink diamonds are perhaps the most sought after of all fancy color diamonds because of their beauty, and the romantic feelings that these diamonds stimulate in people. Although these diamonds are slightly more abundant than their blue counterparts, this is perhaps set to change in the near future and pink diamonds are currently
highly coveted by those in the know.
A link to the full article can be found on the last slide of the presentation
June 2016
The views expressed here are solely those of the author in his private capacity. None of the information made available here shall constitute in any manner an offer or invitation or promotion to buy or to sell diamonds. No one should act upon any opinion or information in this website (including with respect to diamonds values) without consulting a professional qualified adviser.
DOC ID
The Growing Rareness of Pink Diamonds
3
Pink diamonds can be found in many mine productions around the world, but often in very small quantities of just a few stones per year, and mostly in very small sizes. The primary source for high quality pinks is the Argyle Diamond Mine in Australia, owned by mining giant Rio Tinto. Argyle began producing diamonds in 1983 and the company estimates that the mine is the source of 90% of the world’s pink diamond production. At its peak in 1994, the mine produced over 42 million carats per year, significantly above any other diamond mine operating today.
June 2016
DOC ID
The Growing Rareness of Pink Diamonds
4June 2016
Unique Pink Diamond
To those in the industry, pink diamonds have held a special place in our hearts for centuries. But pink diamonds gained some helpful mainstream notoriety in 2002 when Ben Affleck purchased a 6.1-carat pink diamond engagement ring for his then fiancée Jennifer Lopez. She reportedly returned the ring when they broke up in 2004. However history has seen a few other notable pink diamonds.
DOC ID
The Growing Rareness of Pink Diamonds
5June 2016
Noor-Ul-Ain diamond
The largest known pink diamond is the Darya-I-Noor meaning Sea of Light. The stone is estimated to weigh 182-carats, and is a pale shade of pink with an antique table cut. The Darya-I-Noor currently forms part of the crown jewels of Iran. It was mined at the Paritala-Kollur mine in India and there are journal descriptions of the stone dating back to 1642.
DOC ID
The Growing Rareness of Pink Diamonds
6June 2016
Many historians believe that the rough stone may have been cut in two pieces, with the 60-carat Noor-Ul-Ain diamond representing the smaller part. In 1739, emperor Nader Shah of Persia invaded Northern India and occupied Delhi. As payment for returning the crown of India to the Mughal emperor, he took possession of the entire treasury of the Mughal Empire, including the Darya-I-Noor.
DOC ID
The Growing Rareness of Pink Diamonds
7June 2016
Graff Pink
The Graff Pink is a 23.88-carat fancy vivid pink, internally flawless diamond; but this was not always the case. The stone was originally larger but showed some minor flaws and was first graded by the GIA as fancy intense pink. It was sold by Harry Winston in the 1950s to a private collector. It remained in private hands until it was put up for auction in 2010 and purchased by Laurence Graff. Graff had the diamond recut to remove flaws and, after losing 0.90-carats of diamond weight, the result was a fancy vivid pink, internally flawless stone that he promptly renamed “the Graff Pink.”
DOC ID
The Growing Rareness of Pink Diamonds
8June 2016
Steinmetz Pink
The largest known fancy vivid pink is the 59.60-carat internally flawless oval cut Pink Dream. The rough stone from which the Pink Dream was cut weighed 132.50-carats and was mined by De Beers in South Africa in 1999. It was purchased by the Steinmetz group and revealed in 2003 as the Steinmetz Pink after a long and cautious cutting process.
DOC ID
The Growing Rareness of Pink Diamonds
9June 2016
Previously named the Pink Star and then the Steinmetz Pink, the diamond was put up for auction in 2013 and was supposed to be purchased for a record breaking of $83.2 But finally it was not sold and remained in the ownership of Sotheby’s. In June of this year, Sotheby’s announced that they teamed up with two companies, Diacore and Mellen Inc., to collectively own the stone which is held on Sotheby’s book at a value of $72 million.
DOC ID
The Growing Rareness of Pink Diamonds
10June 2016
Martian PinkThe 12.04-carat Martian Pink is unusual in that it is a round brilliant cut. While rounds are the most popular cut for white diamonds, it is unusual to see fancy color diamonds cut this way, as fancy shapes usually achieve better color saturation. The Martian Pink was named in 1976 by Ronald Winston, the son of Harry Winston. The diamond was auctioned by Christie’s in 2012 in Hong Kong and sold to an anonymous bidder for $17.4 million, more than double the pre-sale estimate. The auction apparently saw a bidding war between two parties that lasted more than ten minutes.
DOC ID
The Growing Rareness of Pink Diamonds
11June 2016
As the supply of pink diamonds dwindles in the coming years, we should not be surprised to see continued price growth for these gems, due to the economy of rarity. Pink diamonds have a wide appeal and are among the most beautiful gemstones in existence.
DOC ID
12
The views expressed here are solely those of the author in his private capacity. No one should act upon any opinion or information in this website without consulting a professional qualified adviser.
A full version of the article can be found here:http://www.ehudlaniado.com/home/index.php/news/entry/the-growing-rareness-of-pink-diamonds
June 2016
The Growing Rareness of Pink Diamonds