Why are pink diamonds so small yet so expensive?
Pink diamonds are the world’s most rare and highly sought after diamonds. The Argyle Diamond Mine in Australia is the world’s foremost source of pink diamonds but even then, only a handful are mined each year. Pink diamonds are expensive because they are scarce. They are found in a variety of sizes however; the larger gems are sold by private tender at the exclusive Pink Diamond Tender, which is held every year. They have been known to fetch up to US$1 million per carat.
