Of the most beloved fancy colored diamonds, the pink diamonds are a favorite. Their feminine coloration and playfulness is an instant charmer with any woman regardless of her age. Probably the most media covered pink diamond today would be the engagement ring Ben Affleck gave to Jennifer Lopez. Pink diamonds come in a unique color grading system. The extremely pink with purple hues are most rare and valuable. The more washed out pink diamonds would be considered lower grade, and will not be as highly prized. Besides the color grading, all other factors such as clarity, carat, and cut are measured the same way as colorless diamonds.
Similar to pink sapphires in appearance, the pink diamond has doubled in value in every five years since the time they were first officially recorded. Even though technology has made it possible to permanently colorize a genuine white diamond pink, the natural pink diamonds are still more sought after.
Throughout history, pink diamonds were sold at higher prices per carat than any other gemstone. Due to their rarity, pink diamonds were available only to royalties in the old days.