My Pink Diamonds

Most people, when they think of diamonds, think of colourless diamonds.  After all, this is what you see in the shops all the time.

However, few people realise that diamonds actually exist in all different colours.  Natural coloured diamonds – or ‘fancy coloured diamonds’ – represent one of the most concentrated forms of wealth in the world.  After all, you can transport diamonds in your pocket.  They are rare beasts, with only 0.001% of diamonds mined in the world each year are coloured diamonds.

Diamonds exist in red, green, blue, pink, purple, orange, yellow, grey, brown and black.  The colour of the diamond, along with its vividness of colour, determines it value.

Red diamonds are the most rare of all, with less than 20 diamonds in the world having been certified as red.  At auction, these diamonds command incredible prices, often upwards of a million dollars per carat or more.

Green diamonds, blue diamonds are then the most rare and expensive, followed by pink diamonds. 

The vividness of colour is incredibly important when it comes to coloured diamonds.  The more intense the colour, the higher the value. 

Coloured diamonds need to be seen via digital image or in person.  After all, their grading of colour has to be a subjective one – can you imagine, for example, how a ‘fancy light yellow diamond’ would look?

Traditionally, the most sought after coloured diamonds have increased in value by an amazing 10-15% each year, as they become increasingly scarce, with findings of these precious stones becoming less and less.  The demand for these diamonds, however, is strong, and so over the next 5 years, experts predict that these diamonds will continue to represent an excellent investment opportunity.

Consumer demand for rare colored diamonds has skyrocketed in recent years.  One of the reasons they have grown so popular, aside from being a smart investment strategy, is that they have been donned with greater and greater frequency by some of the world’s most famous celebrities.  With more and more celebrities walking down the red carpet wearing natural colored diamond jewelry, it was only a matter of time before the adoring masses took notice.While it’s difficult to pinpoint the start of the trend, most celebrity watchers agree that it started when singer Jennifer Lopez became engagement to actor Ben Affleck.  Back in 2002, Ben proposed to Jennifer with a stunning pink diamond ring weighing in at 6.1 carats.  The heart shaped pink diamond engagement ring was produced by famed jeweler, Harry Winston and sold for $1.2 million dollars.  While their relationship wasn’t destined to last, diamonds are indeed forever.  The ring was eventually re-acquired by Harry Winston, and it’s current status remains unknown.In 2004, famed football player David Beckham gave his wife Victoria a similar ring.  It was a gorgeous 10 carat pink diamond ring with matching earrings.  According to various tabloid publications and reports in the mainstream press, David had an extramarital affair with another woman and i an effort to redeem himself purchased the rare colored diamonds to symbolize his love for his wife.  A friend of the couple was quoted as saying “diamonds are forever, just like their marriage”.  It seems to have done the trick, as David and Victoria Beckham are a happily married couple to this day.Famous supermodel Heidi Klum has also been spotted recently wearing a large, fancy yellow diamond ring.  It was given to her by her husband and popular singer, Seal as a symbol of his love and devotion to his beloved wife.  While fancy yellow diamonds are abundant compared to canary yellow diamonds, there is no doubt that this ring holds a special place in Heidi’s heart.  These famous natural colored diamonds have become almost as popular as the celebrity couple themselves.