Current Precious Metal Prices

Monday, February 1, 2010

Colored Diamonds Are a Girl's Best Friend

 
                                                Photo courtesy of Linney’s, Perth, Australia

Who would think that a brown crystal could be fashionable?  Brown accessories go hand in hand with many colors of a wardrobe.  But what if that brown crystal were a diamond.  Yes, folks.  What you are looking at here is a brown diamond.  The Argyle diamond mine in western Australia is pulling up millions of carats in colored diamonds.  Besides brown, there are pink, red and purple diamonds.  Before 1985 when Argyle began to mine colored diamonds, if a diamond was not clear, it would be considered junk.  Indeed, Argyle is spending a lot of marketing money to change that perception. The marketing is working and the colored diamonds are attracting big money.  It's not unusual to find a one or two carat pink diamond for the same price as a nice 1/4 carat clear.  The most highly prized of the colored diamonds is the red variety.  Whatever your prize, the colored diamonds are selling like hotcakes in Antarctica. And for Argyle, there's plenty more where they came from.

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