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The World’s Most Expensive Diamonds – The Shocking Truth

by | Sep 19, 2016 | Diamond Buyer, diamond buying and selling, Selling Diamonds, Uncategorized

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You Won’t Believe The Staggering Cost Of Some Of The World’s Most Expensive Diamonds

What if you could own one of the world’s most costly diamonds?

Well, you can! That is if you have millions and millions of dollars. We are your local Austin diamond buyers and before we reveal the jaw-dropping figures, let’s first discuss what determines the cost of a diamond.

How To Examine A Diamond Like A Pro

First things first

There are 4 major factors to determine how much a diamond is worth, know as the 4C’s of diamond grading.

# 1 The Cut

Simply put, this refers to the shape of the diamond as well as the proportions, symmetry and polish.

# 2 Clarity

There are 11 Grades to determine your diamonds clarity. The fewer inclusions, or blemishes in a stone, the better the clarity grade.

# 3 Color

This refers to diamonds that lie within the color range, not “fancy” color diamonds that are blue or red. Actually, the less color, the more valuable the stone is.

# 4 Carat

As most people already know, this is a way to measure the size of a diamond.

You can learn more about the 4C’s from the Gemological Institute of America (GIA)


Now Onto The Fun Stuff

Breaking News!!

The 14.62 carat “Oppenheimer Blue” diamond just sold for a record-breaking $57.5 million, according to CNN Style. It was sold to a private collector and is the best quality and largest blue diamond ever sold at an auction.

In case you are wondering, blue diamonds make up about only .0001% of all of the world’s diamonds. This solves the mystery of why they are so expensive.

Some Other Ridiculously Expensive Diamonds

The Koh-I-Noor Diamond: Priceless

  • The name comes from the Persian phrase; “Mountain of Light”
  • It is 105 carats
  • Came from Golconda in the Andhra Pradesh state of India
  • It remains in the possession of the British Royal Family and is held at HM Tower of London

The Hope Diamond: $350 Million

  • 45.52 carats
  • Located at the Smithsonian Museum of Natural History in Washington DC

The price of rough diamonds is on the rise, and investors are getting in on the action. 

Crazy Expensive Diamonds Actually Owned By Real People

A Word Record

In 2010 a businessman from Hong Kong-based Chow Tai Fook Jewellery paid $35.3 million for the Cullinan Heritage diamond, weighing in at 507 carats. This is the highest price ever paid in the world for a rough diamond. This diamond is expected to sell for a staggering $25 Million.

The Price For “Flawless” Diamonds

Ever heard of Harry Winston?

Sold at Christie’s auction in Geneva for $26.7 million, was the “Winston Legacy” Diamond which is said to be a “flawless” 101.73 carats.

What About Us Regular People?

Don’t feel bad

The gems that we mentioned here along with most of the world’s most expensive diamonds are either on display in a museum or owned by private collectors. Even most celebrities rent their diamond jewelry for special events.

Bottom line

It’s fun to fantasize but the majority of us will just have to appreciate these diamonds from afar. Be sure to contact us if you are interested in selling your diamonds.  And don’t forget to check out more blog posts for fun stories and tips on selling diamonds! 

 

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