Natural Color diamonds, which have Natural pink, blue, yellow, and other brilliant hues, will continue to be closely seeking by collectors and investors in 2019, according to Russian diamond group Alrosa.
“Colored diamonds appreciate even in turbulent times against the backdrop of the instability of the world economy,” says Yuri Okoyemov, vice president at Alrosa, the world’s largest diamond mining company by volume. “We expect fancy diamonds to become ever more popular investments in the near future.”
While all fancy pink diamonds gained only 0.5% in value in the third quarter of 2018, their valuations will likely grow faster in the coming years due to an expected shortage of supply, according to Okoyemov.
The Argyle Diamond Mine in Australia, a source of over 90% of pink diamonds in the world, is set to close by 2020.
Rare fancy pink diamonds have also set records at auction in recent years.
The Pink Star diamond has become the world's most expensive gemstone, selling at auction for $71.2 million (£57.3 million) including the buyer's premium.
The 59.60-carat pink diamond is the largest Internally Flawless, Fancy Vivid Pink diamond ever graded by the GIA, and sold for above its estimate of $60 million (£48.3 million) at Sotheby's in Hong Kong.
It breaks the record previously held by the Oppenheimer Blue diamond, which sold for $57.5 million at Christie's in Geneva. It has also become the highest-priced item ever sold at auction in Asia.
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