Pandemic Boosts Sales of Pink Diamonds

A rare pink diamond is handled by a Rio Tinto Diamond employee during a private viewing of 65 pink diamonds that are going on sale during the annual Rio Tinto Diamonds Argyle Pink Diamond Tender in New York, on Oct. 1, 2007. Emmanuel Dunand/AFP via Getty Images

Pink diamonds are proving popular purchases for those who had planned then scrapped this year’s overseas holidays due to the global pandemic.

Almost all of the world’s rare pink diamonds were, until last month, sourced from West Australia (WA), but with the closure of the Argyle mine there, the value of the pink stones has skyrocketed.