Remember that at the Antwerp tender sale, a 13.33-carat pink diamond got sold for almost $9 million USD
? The pink colored rough diamond was discovered in February in the Lesotho mine.
Record price per carat
The rough pink colored diamond fetched a record price per carat as the total reached price was $8.8 million. Making the price per carat $656,933.
Why would this pink diamond fetch such a high diamond price?
The pink diamond that was discovered has according to the miner a beautiful pink color and that is extremely rare to find. That pink diamonds are rare and only to be found in a few locations in the world contributes to the high diamond price. Only in the south of India, Brazil’s river and mines in Russia and Africa rough pink diamonds are occasionally found. According to a miner that is the most important source of pink diamonds over the past few decades only 1% of its whole production, which is 800 million carats, is pink colored.
In addition, to the fact that pink diamond is incredibly rare, the color pink is associated with the color of love. This association makes the demand for a pink colored diamond higher while supply stays rare. This combination of high demand and low supply results in high prices, especially with diamonds.
The color pink has long been associated with the sweeter emotions. During England’s Elizabethan Era (1558-1603), pink was thought to represent happiness and delight. Pink is now linked with love, tenderness, and innocence. So if you want to express your love, a pink diamond whispers romance. – GIA