Diamonds are identified to be essentially the most mesmerising jewels of all. Now consider a pink diamond, the color of which not solely provides to its magnificence however makes it uncommon and dearer than regular diamonds.

On Friday, the sale of a particularly uncommon and “fancy vivid pink” diamond broke all world data to grow to be the costliest diamond ever to be bought. The Williamson Pink Star diamond was purchased by an undisclosed purchaser for bought for $392 million Hong Kong {dollars} ($49.9 million or Rs 410 crore). It was initially estimated at $21 million. The pink diamond was auctioned by Sotheby’s.

Based on a report by CNN Fashion, the Williamson Pink Star is among the purest and pinkest diamonds ever to return to public sale.

Pink diamonds will not be as frequent as white, yellow or brown stones. Its rarity is what makes it so costly.

We check out what makes them so uncommon and costly.

How are pink diamonds fashioned?

Usually, all diamonds are fabricated from carbon atoms. These atoms are organized in triangular pyramids, which provides them the distinctive look that they possess.

The standard of a pure diamond relies on its transparency degree and colourlessness.

Based on Museums Victoria, they’re created when hint parts work together with the carbon atoms of a diamond. The shades of yellow, inexperienced and blue diamonds are acquired from chemical parts like nitrogen, sulphur and boron.

The color of pink diamonds is brought on by a distortion of their crystal lattice which is the results of intense warmth and nice stress. AFP

Essentially the most distinctive and totally different of all different diamonds is the pink one. Reasonably than hint parts, which aren’t present in them, distortion of their crystal lattice on account of intense warmth and nice stress is what makes a diamond pink.

Distortions transfer the carbon atoms of a diamond from their regular positions and alter the qualities of sunshine which might be mirrored by the diamond. It’s this particular technique of formation that reveals the pink color within the stone.

The Gemological Institute of America has categorized pink diamonds based mostly on the depth of the color: Faint, Very Gentle, Gentle, Fancy Gentle, Fancy, Fancy Intense and Fancy Vivid.

Pink diamonds from the Argyle Mine in Western Australia are stated to have the best saturation.

For each a million carats of pink diamond produced at Argyle, just one carat is of high-quality pink color.

What makes them so costly?

Based on Sotheby’s web site, pink diamonds had been first found in India within the 17^th century within the Kollur mine of Guntur district of Andhra Pradesh. It then grew to become part of the legendary Golconda kingdom.

A French service provider and adventurer, Jean-Baptiste Tavernier wrote in his journey e book that the 200-carat pink diamond was proven to him in 1642. The diamond, which was named ‘The Grand Desk’ was valued at Rs 600,000 on the time.

Given its rarity and beautiful high quality, the worth of pink diamonds has elevated significantly over time.

Furthermore, the one largest supply of pink diamonds, the Argyle Mine, was shut down in 2020 because it was now not rendering worthwhile. Subsequently, ever for the reason that closure of the mine, the jewel has grow to be rarer and its worth has gone up, in response to a report by Solely Pure Diamonds.

The price of a pink diamond ranges from $10,000 per carat for a much less intense pink to $700,000 per carat for a deep and intense pink.

What are the options of the Williamson Pink Star diamond?

The Williamson Pink Star diamond is called after two different pink diamonds – the 59.60- carat, mixed-cut, oval Pink Star diamond that was bought in 2017 for $71.2 million and Queen Elizabeth’s 23.60-carat Williamson stone.

The diamond was bought for twice its estimated worth. Recognized for its inside readability, the Williamson Pink Star diamond has been valued for its journey from a tough stone weighing 32 carats to the completed product weighing 11.15 carats. The diamond has been minimize and polished by grasp cutters from Diacore.

The primary pink diamonds had been first found in India within the seventeenth century within the Kollur mine of Guntur district of Andhra Pradesh. AFP

Based on a report by The Guardian, Tobias Kormind, the managing director of a London jewelry store referred to as ’77 Diamonds’ stated that the stone’s relation with the Queen has helped elevate its worth. He stated, “That is an astounding outcome, proving the resilience of prime diamonds in a shaky financial system. When you think about an alluring hyperlink to Queen Elizabeth, the rising costs for pink diamonds due to their growing rarity, and the backdrop of an unstable international financial system.”

What are another pink diamonds?

Aside from the Williams Pink Star, Pink Star and the Williams diamond, many different pink diamonds have been bought previously.

In 2021, a 15.81-carat Fancy Vivid Purple-Pink diamond, referred to as ‘The Sakura’ was bought for $29.3 million in Hong Kong.

‘The Grand Mazarin’, a square-shaped Gentle Pink colored diamond was bought for $14.6 million {dollars} in 2017. The diamond was initially given to Louis XIV by Cardinal Mazarin in 1661.

In 2016, a pear-shaped 9.14-carat Fancy Vivid Pink diamond was bought for $18 million. The diamond sits between tapered baguette-cut diamond shoulders on platinum. It was licensed in the identical yr by the Geological Institute of America.

With inputs from businesses

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