Argyle Pink on the Rise

Pink, red and purple diamonds, the rarest and most valuable diamonds on the planet, have recently seen an increase in prices. The 23rd Annual Argyle Pink Diamond Tender had a variety of exotic and unusual stones suitable for any aspiring gemstone collector. Many avid gemstone collectors spurred high bids for these precious colored gemstones. Prices on such stones can reach about $400,000 - $500,000 per carat to the wholesaler.

The Argyle Mine, located in the Kimberly region of Western Australia, has the most volume production of diamonds in the world. The average yearly production from the mine yields 35 million carats which is 1/3 of the worlds total production. The Argyle mine also produces about 95% of the world’s pink and red diamonds. The mine is known for producing some of the rarest diamonds on the planet. With production of pink diamonds said to end around 2018, this will only add to their rarity and increasing value.