In late 2015, a stunning pink diamond broke records by selling at a Geneva Christie’s auction for $28.5 million. Just a day later, the flawless “Blue Moon” diamond sold for a staggering $ 48.4 million dollars at competitor Sotheby’s auction house. A happy coincidence perhaps? Hardly. Buying coloured diamonds is a growing trend among smart investors. Here’s why:
A Rarity to Behold
According to the Gemmological Institute of America, in the past 250 years there have only been three pink diamond stones that could be classified as “fancy” while weighing in at more than 10 carats. When a gem is this rare (about 0.1% of all mined diamonds) it certainly adds value, making it more desirable, highly sought after and in turn, pricey.
Who’s the Fairest of them All?
While any exquisitely cut diamond is beautiful, coloured diamonds hold a very special mystique. Many celebrities, both on screen and/or due to their social standing, enjoy the status such unique pieces reflect. So what does that mean to the average consumer? You guessed it, their value goes up even more.
Colour Me Perfect:
Many factors go into valuing coloured diamonds and truth be told some colours are more desired than others.
Not to get confusing, but colourless diamonds are in fact, the rarest. But when it comes to fancy colour diamonds, very specific shades of the most valued gems make the cut (pun intended).
The most popular colours are shades of pinks, blues and greens, the darker the better. Red diamonds stand alone in their uniqueness, averaging in at approximately $300,000 per carat.
Only highly trained professionals can grade the most unique coloured diamonds, rendering them utterly priceless if said diamond is a deep hue dominated by one of the rarer colours.
Yellow, considered a second-tiered colour for diamonds was quite popular last season, due in part to its more accessible nature. But the big investments will come from those rare birds, so alluring, so special, they only come around every century or so.