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Australian Pink Diamond

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Abstract

Call it either grace or irony. But scattered throughout western Australia’s mammoth but so far mediocre diamond output, comprised mostly of industrials selling for under $10 per carat, are a few fancy pink stones that have commanded up to $400,000 per carat at auction. “We’re talking pink with a capital ‘P,’” says a New York fancy color diamond specialist.

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© Modern Jeweler Magazine 1990

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