To incorporate both individuality and tradition, coloured diamonds are a popular option, and pink diamond engagement rings are amongst the rarest and most sought after.

Many people consider diamonds to be white gems, but they are more accurately considered colourless.  Fancy diamonds are those with distinctive colours, such as green, red, blue and pink.  They are far less common and therefore more expensive than colourless diamonds.

The majority of the world’s pink diamond supply is mined in Australia at the Argyle mine. 

The colour of pink diamonds are judged on the intensity of their colour rather than their lack of it.  Pink diamonds are available in very light pink, rose and nearly magenta hues, but darker colours are far rarer.  Most pink diamonds only have a faint pink tint, and in a small stone it may be difficult to detect.  When choosing a pink diamond engagement ring, examine the stone for colour consistency to be sure you are purchasing a quality stone.

Due to their rarity and rising popularity, pink diamond engagement rings are typically more expensive than regular diamond rings.  As with any jewellery, however, a low-quality pink diamond will be less expensive than a high-quality colourless gem, and each factor in a diamond’s price can be adjusted and balanced to find a stone the couple is happy with while not destroying their budget.

For couples on a tight budget, there are several alternatives to pink diamonds that can provide the same beauty without the hefty price tag.  Pink sapphires and rubies have similar colours and are significantly more affordable, though they do not sparkle as fiercely as diamonds.