Australia – Home of the pink diamonds

Pink diamonds belong to the rarest colored diamonds in the world, with only red and green being above them in terms of rarity. This is of course the main reason why these diamonds achieve staggering prices and are always in demand.

Australia can really be called a home for the pink diamonds. Argyle diamond mine, located in East Kimberley region, Australia, is rightly dubbed „pink diamond mine“ because it is by far the world's largest source of pink diamonds, accounting for more than 90% of the global pink diamond supply.

How rare are pink diamonds? Well, pink diamonds account for only 3 out of 10,000 diamonds harvested in the world. Finding large pink diamonds is extremely rare event as less than ten pink diamonds larger than a carat are being extracted every year.

Not all famous pink diamonds were discovered in Australia. A large pink diamond called Steinmetz pink weighing 59.60 carats was discovered in the diamond mines in South Africa. The largest and the most famous pink diamond in the world is Darya-I-Nur, weighing astonishing 182 carats and currently being used as the priceless part of the Iranian Crown Jewels.

Majority of large pink diamonds found in Australia were exported to other countries but this wasn't the case with the „Argyle Pink“,  a diamond weighing just over eight carats, that was recently mined in Argyle mine.

Argyle Pink is reportedly the largest pink diamond in the country, and won't be moved abroad because the master cutters have decided it cannot be effectively cut to take advantage of its size, and will instead be used to maintain its original size of eight carats and allow the public to enjoy it.