The 5 Most Valuable Diamonds In The World

There are a lot of diamonds in the world. More than most people are aware of. They’re not quite as rare as popular culture makes them out to be. And yet, there are diamonds and there are diamonds – if you know what I mean. Some you can pick up for a few hundred dollars. Others are priced in the millions.
Now, an article about the cheapest diamonds would be boring and long. (Susy from the corner store has a half carat diamond earrings, Donald has one stuck in his nose). Far more interesting are the expensive ones!

The Cullinan Diamond

The Cullinan Diamond

The original Cullinan diamond was a whopping 3106.75 carats, which – as a carat is a fifth of a gram – made it 621 grams. That’s nearly 62 ounces! Unfortunately, it doesn’t exist anymore. Instead, it was cut into many smaller diamonds – most famously the Great Star of Africa (530.20 carats) and the Lesser Star of Africa (317.40 carats). Both of these diamonds are a part of the English Crown Jewels.

We can’t give you a price as these diamonds haven’t been bought or sold. Instead, they were gifted to the Crown. But you can be sure they’d be worth a bundled. After all, the great star is the biggest diamond in the world and the lesser star is only a few positions behind it.

Koh-I-Noor

Koh-i-Noor

The story of the Koh-I-Noor goes back 800 years, to the year 1302. Supposedly, its first owner was a local Persian Shah (In Persian, Koh-I-Noor means ‘mountain of light’). At the time it was 793 carats, or about 5 ½ ounces. It had a very bloody history, with many owners dying as it went from hand to hand across South Asia. Finally, it ended up in British hands (who else?) when they conquered Punjab.

The British royal family believes the stone is cursed. And so, the men of the royal dynasty refuse to wear it. Only women are supposed to do so. Of course, most of the time nobody does. Instead, it’s only displayed in the Tower of London. Note that the cut you see here is ‘only’ 104.6 carats, or 21.12 grams. Prince Albert ordered it cut, as he thought the original stone wasn’t pretty enough.

Again, as it hasn’t been sold, we don’t know the price. It’s somewhere between ‘a lot’ and the GDP of a small country.

The Hope Diamond

Hope Diamond

Possibly the most famous diamond in the world is the Hope diamond. They found it in India almost four centuries ago, when it was named Tavernier Blue. Since then hit has been recut and renamed several times, until it reached its current size, fam, and name. It is 45.52 carats.

A lot of people have owned it, including King Louis XIV and Evalyn Walsch McLean. In 1791 it was stolen and disappeared for nearly 100 years. Then it re-emerged a little smaller and with a different name. It was given to Washington’s National Museum of Natural History in 1958. You can still go see it there today.

It is currently insured for a whopping 250 million dollars.

Taylor-Burton Diamond

Taylor-Burton-diamond

This 68 carat diamond was indeed named after Richard Burton and Elizabeth Taylor. Good job if you knew that! There have been several other owners, including Cartier and Robert Mouawad. The sale price of 1,050,000 by Cartier in 1969 was a record at the time in open auction. The next day it became a little bit more valuable. Richard Burton – who had been bidding against Cartier – bought it from them for 1.1 million.

Later, when Elizabeth Taylor got divorced from Richard Burton, she sold at somewhere between 3 and 5 million dollars to Henry Lambert. She used part of that proceeds to build a hospital in Botswana. It passed from Henry Lambert to Robert Mouawad in 1980. He still holds it today.

The Incomparable Diamond

Incomparable diamond

The Incomparable Diamond was found in 1980 in the modern-day Congo by a little girl playing in rubble that had been rejected by the nearby MIBA diamond mine. It weighed 890 carats. Sounds to me like somebody lost their job that day!

The original stone was highly irregular and had a lot of cracks and problems. The owners wanted it to become the biggest diamond in the world, but ultimately it had to be cut down to the third-biggest, at 407.48 carats, to show the stone in its best light.

In 1988 a bid of 12 million was placed on the diamond in open auction.

So there you have it

Five of the world’s most valuable diamonds! Interesting stories, right? Now, if you have a diamond that you’re interested in selling then check out our diamond buyer reviews. You might not be able to get these kinds of prices, but it could still make you a bundle. And who knows? Maybe whatever stone you have has a history attached to it too.

Though even if the human story is no more exciting than ‘It was bought by Danny for Christie’ that shouldn’t really matter. It is still a diamond. That means it is older recorded written history by a factor of about 1000. That in itself is already pretty amazing.

Diamond Appraisals – Jewelry & Diamond Ring Appraisal Process

We’ve talked a great deal here about the history and value of diamonds here. What we’ve not really spent any time on, however, is how a diamond’s value gets established in the first place. Do they pull a number out of a hat? Do they sacrifice a chicken?

You’ll be happy to know they don’t. Though they might as well read entrails for all the good that does you if you don’t understand what is going on. For that reason, today we’re going to address that oversight by giving you more insight. In that way, you’ll know what diamond appraisers are going to look at. That will allow you to judge whether what they are telling you is the truth or is so much hogwash.

That’s not the only thing we’re going to talk about, either. We’re also going to discuss which gemology groups are the more reputable ones. So that, even if you can’t judge with a high degree of accuracy the quality of the appraisal, at least you know if can trust the appraiser.

And that is almost as good!

The appraisal process

The appraisal process

A diamond is appraised on four different dimensions. These are:

  • Carat or the weight of the diamond.
  • Color where less color is more valuable.
  • Cut is how the diamond is proportioned.
  • Clarity the fewer faults (also called ‘inclusions’) the more valuable.

 

 

That’s not so hard, right? Let’s look at all these in more detail, so that you get a better sense what to look out for on those four dimensions.

Carat

Carats are the most straightforward of the four dimensions to measure. You can do so with any sensitive scale. One carat is 0.2 grams or a little more than 0.007 ounces. So if your stone weighs 1/10th of an ounce, you’ve got a 14 carat diamond.

Note that if your diamond is set in a setting, weighing it will obviously be a lot harder. In this case, the number of carats the diamond has can be measured by way of its dimensions. This is only an approximation, though.

Color

The basic color rule is pretty straightforward. More expensive diamonds have less color. How is color measured? There are a few ways that this can be done, but the most popular way is to compare a stone to a master set.

Your stone is then awarded the color grading of the stone it most closely matches. Now, there are different color-grading scales, advanced by different gem institutes. In the US the one you’re the most likely to run into is the one created by the Gemological Institute of America or GIA.

Stone color runs from D to Z, where D, E and F are almost completely colorless and G to J stones are pretty damned close. You’ll generally only see a yellowish tint in stones rated from K to Z.

Cut

The better the cut the more valuable the diamond. This is because better cut diamonds look better. Not only that, they will trap and return the most light to the viewer’s eye, thereby giving the stone more sparkle.

There are many dimensions are considered when the cut of a diamond is evaluated. Here are a few of the more important ones:

  • The girdle: This is the thin slice at the broadest part of the diamond that separates the top of the stone (also known as the crown) from the bottom. It is what the setting will make contact with. This should be rated from ‘thin’ to ‘medium’. Too thin and it may chip.
  • Table percentage: This is calculated by dividing the diameter or width of the stone’s top most facet by the width or diameter of the girdle. The perfect relationship is 54 to 57%.
  • Depth percentage: This is calculated by taking the total depth (or height) of the stone and how this relates to the girdle’s width. Here the desired dimension is 61 to 62.5%
  • Crown Angle: This is the angle measured from the girdle towards the table top. The angle here should be at 34 to 35%.
  • Pavilion Angle: This is the angle in the other direction towards the point of the diamond. The desired angle here is 40.6 to 41%

Note that these dimensions are for round cut diamonds, which are the most likely ones you’ll find.

Clarity

Clarity

Then, finally, there is clarity. Clearer and more valuable diamonds have fewer faults, like carbon spots or lines.

The bigger the fault the more it affect value more. If you can see a fault with the naked eye, then will reduce the value of the stone a lot. On the other hand, if it can’t even be seen with a 10x magnification, then it’s not considered significant enough to affect clarity at all.

The setting

Note that a lot of these dimensions are a lot harder to assess when the diamond is in its setting. I already mentioned that it’s much harder to weigh a stone that way. That’s not the only thing that is affected, though.

For example, the color can be a lot harder to assess. This is particularly true if the setting isn’t white. Similarly, inclusions or faults can be difficult to spot when the stone is not taken out.

For that reason, don’t be surprised if the appraiser asks to take the stone out of the setting to evaluate it. That’s perfectly normal. At the same time, if you don’t trust the appraiser, then don’t leave them alone with the stone, so they can’t switch it while you’re away.

Diamonds in setting

Which labs can you trust?

Finally, let’s discuss the different labs that are out there. The four best known are:

  • The Gemological Institute of America (GIA)
  • The American Gem Society (AGS)
  • The European Gemological Laboratory (EGL)
  • The International Gemological Institutes (IGI)

Which labs can you trust?

Generally, you’d be better of getting your diamonds rated by the first two, as these are considered more reputable.

Having a certification is not only good for you, but good for our listed diamond buyers as well. They can make an estimate for your diamond from the appraisal information provided by these organizations quickly and easily (final offers are typically made after examination to confirm).

Many industry insiders strongly advise you to avoid IGI certified diamonds. This is because they frequently overrate their diamonds. That means you’re going to pay an inflated price.

It won’t help you if you get the stone you’re holding assessed by them either. For in many markets you’ll often be offered a lower price for the same grade when they’ve rated it. This is because diamond experts are aware of IGI’s tendency to overrate and figure this into the prices they are willing to pay.

So yes, the IGI might be cheaper to use than the others, but this comes with a price!

Last words

So there you have it! A crash course in what to look out for in your diamond as well as what companies you should use. Armed with this knowledge you’ll be better prepared. For you’ll have a better idea of what your stone is worth, what to look for in the diamonds you’re buying and how to get it certified as accurately as possible.

And that will mean that when you buy and sell diamonds you’re in a much better position to get the best deal you can get. Now isn’t that a nice bit of peace of mind?

Should you buy diamonds for Valentine’s Day?

The answer to that question depends on two things, really. The first one, who are you buying them for? The second one, what are they planning to do with them? For example, if you’re going to buy a ring for the love of your life and they’ll wear it proudly for the rest of their days, then the answer is an unqualified ‘yes’. If, instead, you’re buying it for yourself as an investment (admittedly, a strange thing to do for Valentine’s Day, but who am I to judge) then reconsider. Continue reading

Customer Reviews on the Best Diamond Buyers

diamond-buyer-reviewsAt Top 5 Cash for Diamonds we have tried the services of the diamond buyers that we have reviewed a number of times in order to help you gather a perspective on what to expect when selling your jewelry and diamonds online. While our reviews can provide you with great insight on what to expect from each diamond buyer, seeing what past customers who were once in a similar position as yourself had to say, can benefit you even further. Below is a short review on each of the top 3 diamond buyers from a customer who recently used their service. You can see what they had to say, and then choose the diamond buyer that is best for you.

 

 

Diamond Buyers International Review by Ashley G.

I was in need of money and had taken an old pair of diamond earrings to the pawnshop and was less than pleased with their offer. I was suggested to try selling them online and came across Diamond Buyers International. I figured I had nothing to lose and sent in my earrings. I received an email and phone call just two days later with an offer that was almost twice as much as the pawnshop. I was really pleased with the money that I received and plan on selling more jewelry to them in the future.

Diamond Buyers Intl. Review

WP Diamonds Review by Marissa

I still had my engagement ring from a previous marriage and thought it was time to sell it. WP Diamonds was recommended by a friend and I would highly recommend them to others. I have to admit, I was hesitant about sending the ring off in the mail, but their customer service was excellent and made me feel confident that everything was going to be fine. I had never sold my jewelry online before, and the experience was very nice and would do it again.

WP Diamonds Review

Cash for Diamonds USA Review by Alex W.

Selling scrap gold and old jewelry to local pawnshops was always the way I cashed in on the things I collected, until I had a diamond ring. They claimed they could not tell if it was real or what it might be worth because they cant grade diamonds. After looking at diamond buyer online I decided to try Cash for Diamonds. They purchased the ring and I received my money in my bank account very shortly after. If you have diamonds, then you are likely better off selling them online.

Cash for Diamonds USA Review

These are some of the things that past customers had to say about our top ranked diamond buyers. Experiences will vary from person to person, but generally these businesses have all been operating with a positive reputation for many years now. Each buyer may offer something different, such as insurance value, turnaround time, or even payout, so having these reviews can help you find the unique differences in an otherwise standardized process. Browse around our site to see the other info we have to offer that could help you earn more money for your diamond jewelry.

CompanyInsuranceBBB
Rating
GuaranteeYear In
Business
Customer
Reviews
Instant QuoteShipping Method
#1Diamond Buyers Intl.$5,000A+30 Days11 YearsYesFedEx
#2WP DiamondsActual ValueA+None4 YearsNoFedEx

8 Times Diamonds Are the Perfect Gift

Choosing a gift or token of affection for a love one is always hard. We want the gift to be perfect and to show how much we actually care during those special occasions. Luckily for most of us, there are diamonds. Diamonds are a classic gift and everyone’s best friend. Gifting diamonds may not be right for all occasions, but they are for most. Here are 8 times when diamonds are the perfect gift. Continue reading

Top 6 Most Popular Diamond Colors

Diamonds are more than a girl’s best friend. They are beautiful gems that come in different shapes, sizes, and colors. That’s right, colors. Diamonds are highly versatile and can match any person’s individual style. Most people are attracted to color diamonds for their beautiful hues and their rarity. They can be quite expensive, however. Usually, the rarer the diamond the more expensive it is, but that does not deter people from admiring or purchasing them. Here are the top 6 most popular diamond colors.

1.   Colorless Diamond

Colorless Diamonds are the most popular and classic among the colors. It is the purest form of the diamond, and it has been worn by celebrities and royalty, adorning engagement rings, crowns, and other pieces of jewelry.

Colorless diamonds

2.   Cognac Diamonds

Cognac Diamonds are popular for the rich brown and golden color and their resemblance to the luxury drink, hence the name. These diamonds can be found in the Argyle mine in Western Australia.

cognac diamonds

3.   Champagne Diamonds

Champagne Diamonds are a deeper brownish color and belong to the same color spectrum of diamonds as Cognac Diamonds. They can be found in the same mines as the Cognac Diamond, such as the Argyle mine. The most famous piece among Champagne Diamonds is the Golden Pelican. The Golden Pelican is a rectangular emerald-cut diamond placed in a 14kt Gold band and was once owned by Baron Corso de Palenzuela con Habsburg and was later auctioned off in the 1970s.

champagne-diamonds

4.   Koi

The Koi Diamond has over 32 carats and is certified by the Gemological Institute of America (GIA). It has a variety of colors including white, orange, yellow, dark blue, and black. The diamond is famous in Eastern Asia, especially China, for their color and resemblance of the koi fish, which has great significance and legend in that area.

koi diamonds

5.   Blue Diamonds

Blue Diamonds are highly popular because of the many hues and intensities that it has. From light blue to greenish blue colors, you will also find this diamond in many shapes and cuts. These diamonds can be found in mines located in Africa, India, and Australia. One of the most famous blue diamonds is the Hope Diamond. The Hope Diamond, which is currently on exhibit at the National Museum of Natural History in Washington, was owned by numerous people including King Louis XIV. It has been rumored to bring misfortune to its owners and wearers.

blue diamonds

6.   Gray

Gray Diamonds are mostly popular for their rarity and their price range being on the lower end despite their rarity. Many people have favored gray diamonds for their engagement rings because of their rarity and price. They are often found in circular, oval, cushion cut, and pear shape. The color of the gray diamond can be described as a colorless diamond with a metallic tint. You can find other color combinations of gray diamonds such as gray yellow or gray violet.

grey diamonds

They are many more popular colors and hues of diamonds, and unfortunately we couldn’t include all of them. It is a shame since the beauty and uniqueness of these color diamonds are a sight to behold and highly special to own.

Selling Diamonds Online Has Become Your Best Option

Selling Diamonds Online Has Become Your Best OptionSelling your diamond jewelry can be a difficult task for many reasons. You are likely in some financial hardship and parting with something that could be not only valuable but cherished. Then there is also the issue of valuing what your diamond is worth, and finding someone who will give you close to that price. Just a few years ago, your best option was to walk down the local pawnshop and accept their likely lower than expected offer, leaving you to wonder if you made the right decision. Luckily, online diamond buyers have been popping up on the Internet to provide people a better service when selling their diamonds and jewelry. There are several benefits that online diamond buyers can provide.

CompanyInsuranceBBB
Rating
GuaranteeYear In
Business
Customer
Reviews
Instant QuoteShipping Method
#1Diamond Buyers Intl.$5,000A+30 Days11 YearsYesFedEx
#2WP DiamondsActual ValueA+None4 YearsNoFedEx

Earn More Cash For Diamonds

You are likely selling your diamonds, engagement ring, or jewelry because you are in desperate need of money. Earning as much money as possible for these items is the top priority for those selling diamonds and online diamond buyers have proven to pay more cash for diamonds than the local options. By specializing only in diamonds, these online businesses can hire expert diamond graders and invest in the proper tools to grade diamonds. Combined with the ability to reach customers from all over the world while keeping overhead costs low, online diamond buyers can be more confident paying out higher amounts. If your main goal is to earn as much money as possible, then you should definitely sell your diamonds online.

Free Diamond Appraisals

There is no commitment when sending your diamond jewelry off to any of these buyers. They will assess what you send them and then provide you an offer for free. Local jewelers may charge for an appraisal, and then respond with a low amount in case you were thinking of selling to them. If you are unhappy with the online diamond buyer’s offer, you have the right to decline and can receive your diamonds back at no charge.

Its Easy To Sell Diamonds Online

Maybe the best part of selling diamonds online is just how easy it can be, you never even have to leave your house. Request or print a free shipping label, package your items and hand it to the postman, and then accept or decline the offer. Payments cane made in a variety of ways in order to get you your money as quickly as possible.

With the many benefits that the Internet has begun to provide us recently, it was only a matter of time before online diamond buyers became your best option when selling diamond jewelry. If you’re looking for more cash for diamonds and a simple process, check out our diamond buyer reviews to start selling.