| The pink color of fancy pink diamonds 
                                            is actually a light red. Different 
                                            tone levels of pink can be thought 
                                            of as similar to the colors achieved 
                                            by gradually adding water to a red 
                                            paint. When brown or orange overtones 
                                            are present, the purity of the red 
                                            is lost and the color's beauty is 
                                            diminished. 
 A major cutting consideration 
                                            for many colored stones and fancy-colored 
                                            diamonds is the zoning of color in 
                                            the rough material. Many fancy-colored 
                                            diamonds are polished into fancy shapes 
                                            rather than round brilliants in an 
                                            effort to minimize weight loss to 
                                            the rough material, while simultaneously 
                                            making the color appear as deep as 
                                            possible. The cutter's skill is measured 
                                            by his ability to make the diamond's 
                                            color appear as deep and beautiful 
                                            as possible when viewed from above. 
                                            As long as imperfections do not severely 
                                            affect the beauty of the stone, color 
                                            is considered more important than 
                                            imperfections when establishing value.
 
 The fancy pink diamond shown below 
                                            is from the Argyle mine in Australia. 
                                            Discovered in 1979, Argyle began commercially 
                                            significant production in 1983. Large-scale 
                                            development has continued since, and 
                                            by 1995 the mine accounted for 40 
                                            percent of total world diamond production.
 | Yet because
                                             most of these diamonds are of low
                                            
                                            quality, with many brownish diamonds,
                                             Argyle accounts for only 5 percent
                                            
                                            of world production in monetary terms.
                                             Of the diamonds mined at Argyle,
                                            the 
                                            rare fancy pinks are the most important.
                                             Only small sizes are found there,
                                            
                                            rarely exceeding 1.5 carats before
                                             cutting, but these stones have had
                                            
                                            an immeasurable effect in raising
                                             consumer awareness of fancy-colored
                                            
                                            diamonds since the 1980s. The Argyle
                                             material has a characteristic purple-pink
                                            
                                            color with strong bluish overtones. 
 Although the fancy pink diamond
                                            as 
                                            shown in the photograph on the next
                                             page is light in color, it has
                                              a beautiful "cherry-blossom" 
                                            color. The balanced pink and white
                                             mosaic pattern seen in this photograph
                                            
                                            exemplifies the beauty of fancy pink
                                             diamonds. This diamond's precise
                                            source 
                                            cannot be determined, but it is probably
                                             from India, Brazil, Tanzania, Zaire,
                                            
                                            Angola, Russia (the Arkhangelsk mine
                                             near the Finnish border), or the
                                            Premier 
                                            mine in South Africa.
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