What is Argyle pink diamond?

Are pink Argyle diamonds a good investment?

The Argyle Mine

In the past 11 years especially, many of the pink diamond prices have increased by 367%, making them a hard and stable investment, and one that clearly shows strong growth. … This makes pink diamonds an intelligent investment.

Are Argyle diamonds worth more?

The Argyle mine supplies over 90% of the world’s pink diamonds. … Most diamonds have at least one secondary color, so pure Argyle Diamonds are considered extremely rare and valuable. The higher the intensity or strength of the color, the more expensive the stone.

Why is Argyle mine closing?

Reason for the closure

The diamonds mined in Argyle are of average to low quality. … Despite this, the increasing operation cost and a stagnant diamond market, are forcing Argyle mines to close by 2020. Another reason for the closure is that the mines are so deep now that further excavation is unviable.

How much is a 1 carat pink Argyle diamond worth?

Regular pink diamonds are already expensive, but certified Argyle pink diamonds are worth so much more. A 1 carat regular fancy pink diamond can be sold from $140,000 to $180,000, depending on its quality. A similar Argyle stone easily sells for at least $200,000.

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Do pink diamonds hold their value?

As a result of their extreme popularity and considering how rare these diamonds are, the value for natural pink diamonds continues to increase. Similar to all other fancy colored diamonds, the larger the carat weight and better the cut, color, and clarity the more expensive the stones will be.

How much are Argyle diamonds worth?

For an argyle diamond price will start at 80,000$ per carat and can go up to a million dollars per carat. For example, one of the rarest pink diamonds in the world was sold at an auction for a record 46 million.

Are Argyle pink diamonds increasing in value?

According to FCRF, pink diamonds are growing in value more than any other colour, with values rising 116 percent between 2010 and 2019, despite a 0.9 per cent dip between Q4 2019 and Q4 2020. … The vast majority of the pink Argyle diamonds unearthed are very small and fall under the category of melee goods.”

How are Argyle pink diamonds graded?

Australian Argyle pink diamonds are divided into four main categories: PP (Purplish Pink), P (Pink), Pink Rosé (PR) and PC (Pink Champagne). … The diamonds are also graded based on their colour intensity, with a number from 1 (the highest intensity) to 9 (the lowest).