People often think of diamonds as crystal clear stones that are devoid of color or shade. Recent trends in the fashion and jewelry business have made pink diamond engagement rings more popular than ever before. Similar to canary or yellow diamonds, pink diamonds are also considered rare and much sought after by people who demand luxury and prestige in an engagement ring.

It is important to remember that fancy colored diamonds like pink, yellow, green, red and orange are considerably more expensive than colorless diamonds due to the uncommon occurrence of such stones.

A majority of pink diamonds are sourced from the Argyle Mine in Australia. The Argyle Mine is also responsible for other fancy colored diamonds sold in the market today. While most people are familiar with the 4Cs of classifying colorless diamonds, pink diamonds engagement rings demand a broader criteria that is different from determining the quality of normal diamonds.

The color of the pink diamond will ultimately dictate the price of the stone. Light shades of pink cost less than those with darker pink hues, bordering on the shade of magenta on the color spectrum. It is safe to say that the dark pink shades are considerably more expensive as dark pink shades are rarer. The color might range from very light pink to rose or salmon colors.

The carat weight of pink diamond engagement rings are also an important matter to consider but a smaller carat weight will still prove to be more expensive than heavier, colorless diamonds. Remember that the color of the diamond will still be the biggest factor in determining the price of the ring.

The cut of the diamond will also add beauty and prestige to the stone but people often prefer a simple cut in an elaborate setting to bring out the beauty of these diamond engagement rings. Marquis cuts and princess cut pink diamonds are also sought after in the jewelry market  while round and simple cuts are observed to bring out the best in the beauty of the pink diamond.

The clarity of pink diamond engagement rings is a crucial factor in determining the overall beauty o the stone. Flaws and minor inclusions are more evident on colorless stones but these can dramatically change the color and appearance of fancy diamonds as well. Pink diamond engagement rings should be free from cracks, feathers, and uneven spots to bring out the best in this fancy colored stone.