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Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Explore Q Report's Content Centre for expert advice on jewellery insurance. You can also read e-guides and blogs, watch videos and more.

Jewellery, engagement ring & watch advice, plus insurance tips & industry insights. 

Watch expert tips, discover insurance benefits & hear real customer stories. 

Find answers to common questions about jewellery, engagement ring & watch insurance. 

Click here to access important policy documents - Product Disclosure Statement, Financial Services Guide, and Policy Wording.

Click here to access the Target Market Determination (TMD) document.

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Pink Diamonds 101: What You Need to Know

Q Report Team

Updated on March 20, 2025
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Most people that are into jewellery and do some research before buying diamonds know that pink diamonds are some of the most sought-after and prized gemstones in the entire world. And while none of the fancy colour diamonds come cheap, pink diamonds are particularly expensive and rare. 

So, what makes these precious gems such an acquired taste — and what else should you know about them? We've prepared a detailed guide right here. 

Where do pink diamonds come from? 

Historically, pink diamonds came from mining sites in Canada, Tanzania, South Africa, Siberia, Russia, and Brazil. The first pink diamonds reportedly originated from the Indian region of Andhra Pradesh. 

While they’ve been found in various locations, pink diamonds have always been an extremely rare gemstone. For the past four decades, a stunning 80% of the global output of pink diamonds came from a single place: the Argyle mine in Australia. 

The production of this Rio Tinto mine speaks volumes on the immense rarity of pink diamonds. While this mining facility had an annual output of between 10 and 20 million carats of various diamonds, just 0.1% of those were pink diamonds — an insanely small fraction of already rare diamonds. 

Plus, this mine ceased all operations in November 2020, with the purpose of rehabilitating the area’s vegetation and returning the land to its traditional custodians. Considering that, the supply of pink diamonds is bound to become even smaller, making them an increasingly rare commodity. 

Why are these diamonds pink?

In general, diamonds obtain their colour when their inherent chemical impurities absorb light. For instance, blue diamonds have traces of boron, while yellow diamonds get their hue from nitrogen. So, what chemical element gives the pink diamonds their gorgeous look?

Interestingly enough, none! 

Or at least, none that we’re aware of. Seeing as no similar chemical impurities were ever detected in pink diamonds, scientists have looked elsewhere for an explanation. Half a decade ago, researchers performed thorough examinations on a cache of pink diamonds from Argyle in an effort to solve this mystery. 

While no conclusive evidence has been found, the generally agreed-upon explanation is that the pink colour doesn't come from any chemical substance. Detailed tests have revealed that, on a microscopic level, these diamonds aren't uniformly pink. Instead, they have clear zones and pink areas that alternate with each other.

Scientists have concluded that these “twin planes” are the result of some type of shock — most likely volcanic activity which has pushed the diamonds near the surface in the first place. 

And no, the twin planes themselves aren't the source of colour. But the defects that probably are have arisen from the sliding between those planes as a result of seismic activity. 

In the end, their pink colour is still shrouded in a veil of mystery. We know what likely caused the colour-inducing defects, but we don't yet know what they are. 

Are pink diamonds valuable?

At the end of the day, diamonds obey the same fundamental law as any other commodity — rarity equals value.

Within a normal colour range, the rarest diamonds are those with the least colour. In other words, white diamonds are the most valuable, while brown and yellow ones are more abundantly available and thus generally less expensive. Of course, the more intense their natural colour is, the more valuable they'll be. 

So, where exactly do pink diamonds fit into all of this? Fancy vivid, certified natural pink diamonds are some of the most expensive gemstones you can find on the market. They can go for as much as $100,000 per carat, which is multiple times higher than the price of an average white diamond. 

As we’ve already mentioned, most of the pink diamonds are mined from one or two sources in the entire world, which makes them so expensive. 

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Can you get pink lab-grown diamonds? 

Yes, absolutely. Manufacturers use methods like CVD and HPHT to mimic the real-world conditions in which diamonds form naturally within the Earth’s crust. And these can be just as authentic and beautiful — plus, since they don’t require heavy machinery, mining, and an equally complex refining process, lab-grown pink diamonds are substantially cheaper.

Still, keep in mind that pink diamonds are rare even when they're artificially grown. Even among lab-grown gemstones, pink varieties make up only 5% of the overall numbers. 

What do pink diamonds look like in engagement rings?

Most jewellers agree that pink diamonds go best with platinum and white gold engagement rings and simpler cuts that put a more significant focus on the diamond than on elaborate settings. 

Keeping pink diamonds safe

Considering how valuable pink diamonds are, it's essential to keep them clean and well-maintained. However, that’s not the end of the story if you want to own such a treasured gemstone. 

Covering the pink diamond with insurance is your best bet, but home insurance is often not enough for such a rare gem. The fine print of these home insurance policies often reveals unfortunate details for diamond jewellery owners, like the fact that you may not have coverage for wearing it outside the house! 

That’s why the jewellery insurance provided by Q Report is your best bet — providing coverage for your diamond’s full value. Get your instant quote today and learn all about the costs of pink diamond insurance! 

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Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

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Related Posts
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Jewellery Insurance

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play-audio
Listen to article
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Most people that are into jewellery and do some research before buying diamonds know that pink diamonds are some of the most sought-after and prized gemstones in the entire world. And while none of the fancy colour diamonds come cheap, pink diamonds are particularly expensive and rare. 

So, what makes these precious gems such an acquired taste — and what else should you know about them? We've prepared a detailed guide right here. 

Where do pink diamonds come from? 

Historically, pink diamonds came from mining sites in Canada, Tanzania, South Africa, Siberia, Russia, and Brazil. The first pink diamonds reportedly originated from the Indian region of Andhra Pradesh. 

While they’ve been found in various locations, pink diamonds have always been an extremely rare gemstone. For the past four decades, a stunning 80% of the global output of pink diamonds came from a single place: the Argyle mine in Australia. 

The production of this Rio Tinto mine speaks volumes on the immense rarity of pink diamonds. While this mining facility had an annual output of between 10 and 20 million carats of various diamonds, just 0.1% of those were pink diamonds — an insanely small fraction of already rare diamonds. 

Plus, this mine ceased all operations in November 2020, with the purpose of rehabilitating the area’s vegetation and returning the land to its traditional custodians. Considering that, the supply of pink diamonds is bound to become even smaller, making them an increasingly rare commodity. 

Why are these diamonds pink?

In general, diamonds obtain their colour when their inherent chemical impurities absorb light. For instance, blue diamonds have traces of boron, while yellow diamonds get their hue from nitrogen. So, what chemical element gives the pink diamonds their gorgeous look?

Interestingly enough, none! 

Or at least, none that we’re aware of. Seeing as no similar chemical impurities were ever detected in pink diamonds, scientists have looked elsewhere for an explanation. Half a decade ago, researchers performed thorough examinations on a cache of pink diamonds from Argyle in an effort to solve this mystery. 

While no conclusive evidence has been found, the generally agreed-upon explanation is that the pink colour doesn't come from any chemical substance. Detailed tests have revealed that, on a microscopic level, these diamonds aren't uniformly pink. Instead, they have clear zones and pink areas that alternate with each other.

Scientists have concluded that these “twin planes” are the result of some type of shock — most likely volcanic activity which has pushed the diamonds near the surface in the first place. 

And no, the twin planes themselves aren't the source of colour. But the defects that probably are have arisen from the sliding between those planes as a result of seismic activity. 

In the end, their pink colour is still shrouded in a veil of mystery. We know what likely caused the colour-inducing defects, but we don't yet know what they are. 

Are pink diamonds valuable?

At the end of the day, diamonds obey the same fundamental law as any other commodity — rarity equals value.

Within a normal colour range, the rarest diamonds are those with the least colour. In other words, white diamonds are the most valuable, while brown and yellow ones are more abundantly available and thus generally less expensive. Of course, the more intense their natural colour is, the more valuable they'll be. 

So, where exactly do pink diamonds fit into all of this? Fancy vivid, certified natural pink diamonds are some of the most expensive gemstones you can find on the market. They can go for as much as $100,000 per carat, which is multiple times higher than the price of an average white diamond. 

As we’ve already mentioned, most of the pink diamonds are mined from one or two sources in the entire world, which makes them so expensive. 

New call-to-action

Can you get pink lab-grown diamonds? 

Yes, absolutely. Manufacturers use methods like CVD and HPHT to mimic the real-world conditions in which diamonds form naturally within the Earth’s crust. And these can be just as authentic and beautiful — plus, since they don’t require heavy machinery, mining, and an equally complex refining process, lab-grown pink diamonds are substantially cheaper.

Still, keep in mind that pink diamonds are rare even when they're artificially grown. Even among lab-grown gemstones, pink varieties make up only 5% of the overall numbers. 

What do pink diamonds look like in engagement rings?

Most jewellers agree that pink diamonds go best with platinum and white gold engagement rings and simpler cuts that put a more significant focus on the diamond than on elaborate settings. 

Keeping pink diamonds safe

Considering how valuable pink diamonds are, it's essential to keep them clean and well-maintained. However, that’s not the end of the story if you want to own such a treasured gemstone. 

Covering the pink diamond with insurance is your best bet, but home insurance is often not enough for such a rare gem. The fine print of these home insurance policies often reveals unfortunate details for diamond jewellery owners, like the fact that you may not have coverage for wearing it outside the house! 

That’s why the jewellery insurance provided by Q Report is your best bet — providing coverage for your diamond’s full value. Get your instant quote today and learn all about the costs of pink diamond insurance! 

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Table of Contents

Introduction
Understanding the 4 Cs of Diamonds
Diamond Shapes
Choosing a Ring Style
Selecting a Ring Retailer

Understanding Mechanical Movements

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Statistic Heading

Rolex-super-precision

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Common Diamond Alternatives
for Engagement Rings

Tanzanite

Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Aquamarine

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Sapphire

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Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

Peace of Mind: An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

“Knowing your engagement ring is insured brings peace of mind. Accidents can happen, and insurance coverage alleviates the worry and stress of potential loss or damage.”

Unlike their battery-powered quartz counterparts, luxury watches have a beating heart – the mechanical movement. First created in the 14th century, large, weight-driven tower clocks with verge escapements and foliot balances marked the dawn of mechanical timekeeping.

Today, the core concept of mechanical movements remains unchanged from its original conception. It involves an intricate arrangement of gears, springs, and an escapement powered by a wound mainspring. This precision engineering allows for smooth operation and precise timekeeping.

Manual watch movements require the wearer to wind the crown periodically. Automatic watch movements, on the other hand, utilise the wearer's movements to keep the mainspring wound, offering a convenient everyday solution.

The Patek Philippe Calatrava, with its ultra-thin manual movement, exemplifies the elegance of traditional watchmaking. On the other hand, the Rolex Oyster Perpetual, with its self-winding mechanism epitomises practicality and durability.

Whether manual or automatic, a mechanical movement imbues a luxury watch with a soul, a testament to human ingenuity and a treasured heirloom for generations to come

Export
Expert Tip

Budget Considerations

Diamond shapes can vary in price due to popularity and demand. Round brilliants, for example, tend to be more expensive than other shapes due to their high demand. If budget is a concern, consider alternative shapes or prioritise other aspects, such as cut quality, over the shape itself.

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Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

Jewellery Insurance FAQ

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.
Home Security Fortification

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Travel Savvy

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Social Media Caution

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

Regular Valuations

An engagement ring is a significant financial and sentimental investment. Specialised engagement ring insurance provides financial protection in the event of loss, theft or damage by ensuring you can recover the ring's monetary value or repair or replace.

An engagement ring is a significant financial and sentimental investment. Specialised.

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Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Luxury Watch Complications: Exploring Hidden Features & Functionality

Luxury watches often boast 'complications,' intricate mechanisms that add layers of sophistication, style and utility. Here, we explore some of the most fascinating complications created by the best luxury watch brands.

Home Security Fortification

Contents insurance covers the items within your home in case they are damaged, lost or stolen. This can include furniture, electronics, clothing and other personal.  Contents insurance is essential for anyone who owns valuable items, as it helps protect you should a potential loss occur in your.

Purchase Amount

To get an accurate insurance quote, please provide the amount from your purchase receipt.

Don't have the receipt?

If you don't have the receipt, you can provide the most recent valuation amount instead.

OK

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