Are you looking for a unique engagement ring that doesn’t blend in with the crowd? Still, hoping for a diamond though? Many couples are now looking at colored diamonds for their sparklers, but are they even within reach? How much does a 3-carat pink diamond cost?
The price of a natural 3-carat pink diamond will vary with the color intensity and quality of the stone and will run between around $130,000 to well over a million dollars. The price of lab-grown pink diamonds is around $10,000-$15,000.
As you can see, the markets are very different for natural and lab-grown pink stones. Read on for everything you need to know about the price of 3-carat pink diamonds.
Table of Contents
Are Pink Diamonds Really Diamonds?
Yes! Diamonds come in a range of colors including red, pink, orange, blue, green, and black. Natural pink diamonds come from only a few mines across the world, and they have the exact same chemical composition and light refraction as white diamonds, but with a stunning pink hue.
Keep in mind that pink diamonds can also be grown in a lab. Lab-created pink diamonds are gaining in popularity, and they are considered to be real pink diamonds as well.
If you are in the market for a pink diamond, you will have to determine if a natural or lab-created stone is right for you. It’s a matter of preference.
How Much Should a 3-Carat Diamond Cost?
Pink diamonds cost more than white. For comparison, a round white natural 3-carat ranges from $30,000-$200,000. A lab-grown white stone will run around $6,000-$25,000.
Read also >> How Much Is a 1 Carat Uncut Diamond Worth?
How Much is a Pink Diamond Worth Per Carat?
Natural pink diamonds are extremely rare, so they always cost much more per carat than white diamonds.
What’s more, a large-size pink stone is even more rare, so you will shell out even more per carat for a 3-carat sized stone.
For natural stones, expect to pay well over $150,000 for a 3-carat pinkie. Very high quality stones that are well-cut, have few to no visible inclusions and are in the fancy vivid, fancy intense, or fancy deep pink color range will cost over $1 million. Faint or light pink stones will cost less.
This all seems like a deal, however, when you compare these prices to the largest and most expensive pink stones ever sold–which sell for $1-3 million per carat.
Here are some 3-carat pink diamonds for sale. You can see how the color impacts the price of the natural stones.
|CARAT||COLOR||CLARITY||CUT||PRICE||PRICE PER CARAT|
|2.79||Fancy Brown Pink||VVS2||Heart||$128,225||$45,959|
|2.93||Fancy Brownish Orangey Pink||SI2||Cushion||$152,450||$52,031|
|3.01||Fancy Brownish Orangey Pink||SI1||Pear||$150,600||$50,033|
|3.03||Fancy Light Pink||I||Pear||$397,659||$101,534|
|2.03||Fancy Intense Purplish Pink||SI2||Cushion||$1,150,100||$566,552|
|CARAT||COLOR||CLARITY||CUT||PRICE||PRICE PER CARAT|
|3.05||Fancy Intense Pink||VS1||Heart||$10,630||$3,485|
|3.01||Fancy Intense Pink||VS1||Pear||$11,440||$3,801|
|3.28||Fancy Light Pink||VS1||Round||$13,510||$4,119|
|3.04||Fancy Vivid Pink||VS1||Oval||$13,000||$4,276|
|3.06||Fancy Vivid Pink||VS1||Heart||$14,540||$4,752|
|3.00||Fancy Intense Pink||VS2||Round||$14,850||$4,950|
Color doesn’t make as much difference in the lab stones. Many lab stones are created with the more desirable vivid and intense pink colors, and few are in the light pink range.
Are Lab-Grown Pink Diamonds Expensive?
Those astronomical prices are only for natural-grown diamonds. In recent years, diamond growing labs have begun making colored diamonds as well and have been pumping these into the market.
Lab-grown pink diamonds are made by first making a white diamond, and then subjecting it to extreme pressure to give it the pink hue.
(Natural pink and red diamonds are also made by very extreme pressure–higher than for regular white diamonds.)
Lab-grown diamonds can be controlled for color, so labs can grow mostly the more desirable colors in the vivid, intense, and deep color range.
They can also grow a lot of these stones, so there are a lot of 3-carat lab diamonds out there and you will have more choices.
For all of these reasons, lab stones are significantly cheaper, around $4,000-$5,000 per carat.
Are Pink Diamonds Rare?
Yes, natural pink diamonds are extremely rare. In fact, pink and red diamonds are the most rare colors of diamonds in the world. At some mines, they account for less than 1% of jewelry-grade diamonds found.
This is due to the fact that they obtain their pink color as the result of extremely intense heat and pressure. All diamonds are formed under heat and pressure, but red and pink diamonds are found in mines where pressure is even more intense. Most pink diamonds come from Australia.
The fact that they are so rare is why they are so expensive. And a 3-carat specimen is even more rare than smaller pink diamonds. You will almost always pay more for a larger size diamond, whether white or colorless.
Read also >> Pink Star Diamond Price (Current Price + More)
Read also >> Why Are Pink Diamonds So Rare? (Here Is Why)
Are Lab-Grown Pink Diamonds Real?
You may be saying, how can there possibly be such a price difference between natural and lab-grown stones?! Lab-grown pink diamonds can’t possibly be real for that price!
The thing is, lab-grown diamonds are real diamonds. They are grown from actual seed diamonds, which are then either grown in high pressure and temperature with carbon or are formed from the condensation of carbon vapor. It takes a few weeks to a few months to grow a lab diamond.
Lab diamonds look and act exactly the same as natural, earth-grown diamonds. They refract light the same way, have the same hardness, and are almost completely chemically identical.
A jeweler cannot tell the difference between a lab-grown stone and a natural stone with the naked eye (even highly-trained gemologists can’t) and it requires specialized equipment to determine whether a stone is natural or lab-grown.
Should I Buy A Lab-Grown Pink Diamond?
With the huge price disparities between lab-grown and earth-grown pink diamonds, there are bound to be opinions as to whether lab-grown pink diamonds are the same as earth-grown.
If you are thinking of purchasing a pink diamond, only you can decide what is right for you.
Many people love how rare pink stones are and are willing to shell out the extra money for a natural diamond that is a beautiful product of the earth’s history.
Other people love the look of pink diamonds but feel fine knowing they were created in a lab or wouldn’t possibly be able to afford a natural 3-carat stone.
In addition, many buyers of lab-grown stones like the fact that lab stones don’t contribute to environmental and habitat destruction and are not associated with violence and human rights abuses like some conflict diamonds are.
Where do I Buy A Pink Diamond?
Not all jewelers have experience with colored diamonds, and when you are shelling out this much money (for a natural stone) you will want to work with someone who knows their stuff.
Pink diamonds are rare, and three-carat stones are rare, so there aren’t too many choices when looking at natural stones. For this reason, you will want to work with a jeweler with good access and a good eye. You can check out the selection on Leibish.com to get started.
All are well-reviewed businesses that are established in the diamond industry. You will almost always save money shopping for diamonds online.
Are Pink Diamonds the Most Expensive Diamonds?
Pink diamonds regularly set records for the most expensive per carat at auctions.
What is the Rarest Color Diamond?
Obviously, lab-grown fancy colored diamonds are not rare and can be made in all these colors.
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Pink diamonds are striking and beautiful, and a color so many of us associate with love and affection. They make stunning rings and the natural pink stones are truly one of a kind.
Whether you are in the market for a natural or lab-created stone, a pink diamond will certainly stand out and get noticed.
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