Quick Answer: How expensive are Argyle Diamonds?

As expensive as “regular” pink diamonds are, certified Argyle pink diamonds are even more expensive. While a 1 carat fancy pink (not a round) could go for roughly $140,000 to $180,000—depending on the quality of the color—a similar Argyle stone would easily fetch over $200,000.

Are Argyle Diamonds good investment?

Along with the famous Argyle pink diamonds, they are known to have produced a number of beautiful blue, violet, and red diamonds as well. Like other investment pieces, these stones not only have a high price to begin with but also a terrific value.

Will Argyle diamonds increase in value?

The Argyle Mine

This mine produces 90% of the world’s diamonds. … Now that the mine is said to close in early 2019, experts say that the price of these diamonds will rapidly increase as new diamonds will no longer actively be mined.

How rare are Argyle pink diamonds?

They are extremely rare

Although approximately one in a million diamonds produced elsewhere may be naturally pink, a whopping one tenth of diamonds from the Argyle mine display this coloring. Even there, however, for every million carats of pink diamond produced, only one carat will typically be a high-quality color.

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What diamond most expensive?

What are the top 10 most expensive diamonds?

  • The Perfect Pink — $23.2 million.
  • The Wittelsbach Diamond — $23.4 million.
  • The Winston Blue — $23.8 million.
  • The Pink Star — $71.2 million.
  • The Centenary Diamond — $100 million.
  • The Hope Diamond — $200-250 million.
  • The Cullinan — Up to $2 billion.
  • The Koh-i-Noor — Unknown.

Why are Argyle Diamonds pink?

Yellow diamonds contain traces of nitrogen, and blue diamonds contain boron. But no similar impurities have been found in pink diamonds, leading scientists to speculate that the colour may be the result of some kind of seismic shock that altered the stone’s molecular structure.

Why did Argyle diamond close?

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.

What Colour are Argyle diamonds?

Argyle pink diamonds are so rare that of every million carats of rough diamonds produced at the mine, a mere one carat is suitable for sale. For this reason, it is perhaps the most sought after diamond in the world, fetching up to 100 times the value of an equivalent white diamond.

Should I buy pink diamonds?

You should always buy pink, or for that matter any coloured, diamonds from a vendor that has high resolution photos available. There can be a lot of variation in the colours even with a specific GIA colour grade.

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Who owns the Argyle diamond mine?

The Argyle mine is owned by the Rio Tinto Group, a diversified mining company which also owns the Diavik Diamond Mine in Canada and the Murowa diamond mine in Zimbabwe.

Argyle diamond mine.

Location
Opened 1985
Closed 2020
Owner
Company Rio Tinto Group

Are pink diamonds worth more than white diamonds?

Certified natural Fancy Vivid pink diamonds are the most expensive diamonds on the market ranging in price from 30,000 to 100,000 per carat, 20 times the price of a white diamond. … Argyle Pink Diamonds are so expensive because of the very limited supply.

Where do Argyle diamonds come from?

Argyle Diamonds – One of the World’s Largest Mines

The Argyle diamond mine, 100% owned by Rio Tinto, is one of the world’s largest suppliers of diamonds, producing approximately 20 million carats each year from its operations in the East Kimberley Region, in the remote north of Western Australia.

Which color of diamond is the most expensive?

Red diamonds are created when a gem undergoes a rare process during its formation that changes the crystal structure and allows light to pass through it differently than colorless stones. Due to their rarity, red diamonds are also the most expensive per carat than any other fancy colored diamond.

Are colored diamonds worth more?

Are colored diamonds rare? Colored diamonds are extremely rare, and much more so than clear or colorless diamonds. … Given their rarity, colored diamonds are also considered significantly more valuable, and demand is considerably higher. However, not all colored diamonds are equally rare.

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Who owns the most expensive diamond ring in the world?

Mariah Carey’s 35-Carat Diamond Ring

Mariah Carey holds the top spot for the world’s most expensive engagement ring. Given to her by her ex-fiancée, James Packer, this ring cost a whopping $10 million. Set in solid platinum, this emerald-cut diamond ring is 35 carats and has two tapered baguette diamonds.