JEWELLERY
EXPERT EXPLAINS WHY
PINK DIAMONDS
ARE A CUT ABOVE THE REST
With the expected closure of the Rio Tinto’s Argyle mine in Western In recent years, the coloured diamond market has exploded.
Australia – which produces 90 percent of the world’s supply of pink According to research by the Fancy Colour Research Foundation, the
diamonds – later this year, pink diamonds are set to become even price of pink diamonds has increased by 25 percent every year since
more rare. And with rarity, comes a sought-after and expensive 2005. In fact, the most expensive diamond ever sold was a 59.6 carat
market. pink diamond, the CTF Pink Star, which was auctioned for US$71.2
million in 2017.
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The Art of Luxury
Issue 43 2020