Things you don't know about pink diamonds

May 30, 2023

Australia has discovered a 12.76 carat pink diamond ！

A 12.76 carat pink diamond has been excavated from the famous Argyle Argyle Argyle mine in the East Kimberley region of Western Australia! This "Argyle Pink Jubilee" - "Argyle Pink Jubilee" is the largest pink diamond discovered in the country.

The Aguer mine is the world's largest producer of pink diamonds, meaning it is responsible for over 90% of the global market supply. However, this size and weight of diamond is unprecedented. The Aguer mine only produced one such pink diamond for 26 years, and it may even be the first and last pink diamond of this size they will see. It is estimated that it will take approximately ten days to cut and polish this diamond raw stone.

The finished diamond will be sold during the Aguerre Company's annual pink diamond bidding later this year. According to the prediction of the Australian newspaper Herald The Sun, diamonds are worth at least 1.07 million dollars. However, it is difficult to determine the quality of the final diamond from the raw stone. It depends on the weight of the polished carat. During the cutting and polishing process, diamonds will lose at least 50% of their weight. In addition, the intensity and clarity of the color will determine its final value.

The perfect pink diamond broke a new carat auction record

For centuries, colored diamonds have been the most unique and precious gemstone in the world. It has never been surpassed. This week, 8.41 carats of pear shaped "Fancy" and "Colorful" pink diamonds were sold for a skyrocketing price of 14.25 million euros. It has set a new record, and in terms of the price per carat, similar diamonds have never been sold at such a high price in history.

Auction house Sotheby's was clearly surprised, as the rare pink diamond sold for 2.4 million euros higher than expected. Who purchased the most expensive pink diamond? The identity of this person is still unknown. According to records from the Sotheby's auction, over 200 people appeared in the auction room of this pink diamond.

Rare diamonds and perfect clarity

This specific diamond has perfect brightness, making it extremely rare. It is one of the most unique and desirable colored diamonds that has appeared in diamond auctions, "Sotheby's explained in a press release. This makes sense because only one in ten thousand pink diamonds can obtain the official color level of "Fancy" and "Colorful" pink.

Most pink diamonds are mined in Australia. Therefore, Rio Tinto's Argyle Algay mine is one of the world's richest sources of natural pink diamonds.

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Things you don't know about pink diamonds