Tara Reid was recently seen lunching in Miami with a huge pink diamond engagement ring on her finger.

She's been dating German internet entrepreneur and billionaire Michael Axtmann for some time.

Apparently the pink diamond is not an engagement ring, but instead a very generous birthday gift.

Considering how valuable and rare pink diamonds are, it will be interesting to see the ring he gives her if they do eventually get engaged.

To learn more about fancy colored diamonds, check out our article on pink diamond rings.

Pink Diamonds

Sales of colored diamonds have increased dramatically in the last 2 to 3 years.  These elegant gems are between 300 and 500 million years old and 90% of them are mined by Argyle Mines in Australia.  This mine is due to close in 2018, which will undoubtedly cause the value of pink diamonds to rise.  Not only will your pink diamond engagement ring be a symbol of your enduring love - it will also be a wonderful financial investment.

The pink diamond was given popular celebrity status when Ben Affleck presented a 6 carat pink diamond engagement ring to Jennifer Lopez several years ago.   You may not be in the market for a $3 million ring, but with a little research, you can find a beautiful pink diamond for the special lady in your life.

There are a few things you need to know when buying a colored diamond.  Our Fancy Diamonds article contains a wealth of information for you.

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