A Dallas Guide to Fancy Pink Diamonds: Rare, Romantic & Valuable

Truly romantic, exceptionally rare, and highly desirable — there is nothing quite like a natural fancy pink diamond. Among all colored diamonds, pink diamonds are without question the most coveted in today’s market. Their delicate yet striking hues, combined with extraordinary rarity, make them a treasure for both collectors and couples seeking a one-of-a-kind engagement ring.

At Shapiro Diamonds in Dallas, we have the privilege of sourcing and designing with these breathtaking gems, helping our clients create pieces that are both timeless and deeply personal. This guide will walk you through everything you need to know about pink diamonds — from their formation and rarity to grading, origins, and why they remain one of the most valuable diamonds in the world.

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What Is a Pink Diamond?

A pink diamond is a naturally formed diamond, similar in structure to a white diamond, but displaying hues of pink ranging from faint blush tones to vivid, intense hot pink. These diamonds can appear as:

• Faint or Very Light Pink: Barely noticeable hues, soft and subtle.

• Fancy Intense or Fancy Vivid Pink: Bold, saturated shades that command extraordinary value.

• Color Combinations: Variations such as orangey-pink, purplish-pink, or brownish-pink.

The most desirable stones are those with Fancy Vivid or Fancy Deep grades, as their rich color is both captivating and incredibly rare.

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The Rarity of Fancy Pink Diamonds

Fancy pink diamonds are extraordinarily rare. According to the Gemological Institute of America (GIA):

“Of the millions of diamonds mined each year, only 0.001% qualify as fancy colors, and only a handful achieve the top grades of Intense and Vivid.”

That statistic translates to only about 700 true fancy pink diamonds discovered worldwide each year. To put it in perspective, pink diamonds are the second-rarest diamond color (after red) — making them not only luxurious but also an asset of significant value.

Because of this scarcity, pink diamonds are priced at a premium. For collectors and Dallas clients who value rarity, beauty, and investment potential, a natural pink diamond represents an opportunity unlike any other.

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How Are Pink Diamonds Formed?

The formation of pink diamonds is one of nature’s greatest mysteries. Unlike yellow diamonds (caused by nitrogen) or blue diamonds (caused by boron), the precise reason for a pink diamond’s color is not fully confirmed.

Scientists believe the pink hue is the result of structural deformation in the diamond’s crystal lattice during its formation deep within the earth. This deformation alters the way light travels through the stone, producing pink reflections. This phenomenon is called “high-pressure graining.”

Because of this process, most natural pink diamonds contain internal graining lines, which can affect clarity. However, with fancy color diamonds, color is the primary factor in value — clarity and cut play secondary roles.

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Where Do Pink Diamonds Come From?

Pink diamonds are mined in only a handful of locations worldwide, including Brazil, Russia, South Africa, Canada, and India. However, the most famous source has been the Argyle Mine in Western Australia, which produced nearly 90% of the world’s pink diamond supply until its closure in 2020.

The Argyle Pink Diamond is known for its uniquely vibrant hue, so distinctive that gemologists can often identify its origin by color alone. With the mine now closed, the availability of new Argyle pink diamonds has nearly vanished, driving demand — and prices — even higher.

Today, collectors and investors view Argyle Pink Diamonds as some of the most valuable and secure natural assets in the world.

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How Are Pink Diamonds Graded?

To evaluate pink diamonds, two grading systems are used:

1. GIA Grading System

   • Measures hue, tone, and saturation

   • Grades range from Faint, Very Light, Light, Fancy Light, Fancy, Fancy Intense, Fancy Vivid, Fancy Deep, to Fancy Dark

2. Argyle Mine Grading System (used while the mine was operational)

   • Classified pinks from 1P (most intense) to 9P (faint)

   • Included variations such as Pink, Purplish-Pink, Rose, and the exceptionally rare Red-Pink

Every pink diamond should be accompanied by a GIA certificate, the global standard for authenticity and grading. At Shapiro Diamonds in Dallas, we ensure each pink diamond we source is fully certified and transparent in quality.

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The Color of a Pink Diamond

The color intensity of a pink diamond is its most important characteristic. Stones with stronger saturation — such as Fancy Intense or Fancy Vivid — are far rarer and therefore far more valuable.

In addition, many pink diamonds contain secondary hues, such as:

• Purplish-Pink

• Brownish-Pink

• Orangey-Pink

• Grayish-Pink

While pure pink is most valuable, secondary hues can create stunningly unique stones and sometimes lower the cost compared to pure pinks, making them more accessible for collectors and couples.

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Pink Diamonds as Jewelry & Investments

Historically, pink diamonds were reserved for royalty and the elite. Today, they are seen on red carpets, in Hollywood engagement rings, and at high-profile auctions. Celebrities like Jennifer Lopez, Mariah Carey, and Penelope Ann Miller have all donned stunning pink diamond rings.

Auction houses such as Christie’s and Sotheby’s have sold pink diamonds for record-breaking prices — often millions of dollars per carat. With supply dwindling, especially after the closure of the Argyle Mine, prices are expected to continue climbing.

For Dallas buyers, pink diamonds represent not only the pinnacle of luxury but also a savvy investment opportunity. Their scarcity and consistent demand ensure they remain one of the most secure diamond categories to own.

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Choosing the Right Pink Diamond

When selecting a pink diamond, consider:

• Color Intensity: The deeper and more saturated the pink, the more valuable.

• Carat Weight: Larger pinks are exceedingly rare and exponentially more valuable.

• Setting: Pink diamonds look especially stunning in rose gold settings, which enhance and deepen their hue. Closed basket settings can intensify color as well.

• Shape: Cushion, radiant, and oval cuts are often preferred, as they maximize color distribution.

At Shapiro Diamonds, we often recommend clustering smaller Fancy Light Pink diamonds to create the illusion of greater intensity — or pairing a vivid pink center diamond with white accent stones to maximize contrast and brilliance.

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Famous Pink Diamonds

Some of the world’s most famous pink diamonds include:

• The Pink Star – a 59.6-carat Fancy Vivid Pink sold for $71 million at Sotheby’s in 2017.

• The Graff Pink – a 24.78-carat Fancy Intense Pink sold for $46 million at Sotheby’s in 2010.

• The Williamson Pink Star – an 11.15-carat Fancy Vivid Pink sold for $57.7 million in 2022.

These sales reflect the incredible desirability and value of pink diamonds among collectors and investors.

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Where to Buy Fancy Pink Diamonds in Dallas

At Shapiro Diamonds in Dallas, we specialize in sourcing and designing with natural fancy pink diamonds. Our diamond showroom offers clients a luxury experience unlike traditional retail: no glass counters, no pushy salespeople — just personalized, expert guidance.

Dallas design team, Lance and Kendra Shapiro bring decades of expertise and artistry to every piece. From hand-sketched concepts to CAD renderings and precision craftsmanship, we create one-of-a-kind designs that reflect your story and highlight the breathtaking beauty of pink diamonds.

Book Your Pink Diamond Consultation at Shapiro Diamonds in Dallas

Choosing the perfect engagement ring is about more than selecting a diamond — it’s about creating a symbol of your love story that will last a lifetime. At Shapiro Diamonds in Dallas, we specialize in helping couples design custom rings with unmatched craftsmanship, transparency, and personal attention. From your first questions to the final reveal, we’ll guide you every step of the way. Ready to begin your journey? Book your consultation today and let’s create a ring as extraordinary as your love.

 

 

 

Discover Dallas Romance

At Shapiro Diamonds, we believe diamonds are symbols of love as timeless as our city. For inspiration that mirrors the romance of a custom ring, explore these Dallas destinations:

• Dallas Arboretum & Botanical Garden – A stunning showcase of blossoms and color, perfect for romantic strolls and proposals.

• Rosewood Mansion on Turtle Creek – An elegant Dallas landmark where countless love stories have been celebrated.

• Dallas Symphony Orchestra – Timeless music that captures the same emotion and passion as a diamond.

• Highland Park Village – Dallas’s premier luxury shopping destination, where elegance meets tradition.

Just like these icons of romance, pink diamonds represent unforgettable love and lifelong memories.