Mr. Hancock paid $13,500 for the gem in 1956. The Argyle Mine, the leading producer of red diamonds, came online in December of 1985, and that is when a few red diamonds per year started appearing at the GIA laboratory. The red color itself could even be considered as a supersaturated level of the pink diamond spectrum. ROB RED DIAMOND: The pear-shaped 0.59 carat Rob Red diamond is named after its owner … The grading is stricter than many people expect. … It is one of the most valuable diamonds in the world on the basis of dollars per carat. In the colored diamond grading system, the name "red" is used so sparingly that only a very few diamonds have an intensity of red color that is able to earn it. We buy your diamonds directly: no fees or commissions deducted. Red diamonds are the rarest variety of colored diamonds. Modifying colors include brown, purple, and orange. In 1993, two red diamonds were submitted to the Gemological Institute of America's Gem Trade Laboratory in New York City for a standard "origin-of-color" report. Not knowing the exact origin of the red diamond’s color adds to the stone’s mystery, as it’s the rarest one of all the Fancy Color Diamonds. About 1.8 billion years ago, an ancient continental collision compressed the rocks. At 5.11 carats, the Moussaieff Red is the largest red diamond known. Since red diamonds are classified as diamonds in every sense, they are also graded by the typical four Cs of Connoisseurship: Color, Clarity, Cut and Carat weight. By clicking “I accept all cookies” you are agreeing to this. While other Fancy Color Diamonds are graded by terms like Fancy, Intense and Vivid, red diamonds are not evaluated on that scale. Photograph by the United States Naval Research Laboratory. [3]. Lab-created red diamond Vs Natural red diamond (price comparison) This is a 0.75 carat enhanced red diamond listed for $4,125 on Dianer Diamonds This is a 0.47 natural red diamond listed on Leibish.com for a whopping $235,100 How to evaluate synthetic/enhanced red diamonds They cut the rough into a triangular brilliant known as The Red Shield. “The publicity generated by the selling price of the Hancock Red and other significant fancy colored diamonds at auction spurred interest in these rare … © 2020 The Diamond Pro+412-2501-7829Kernserstrasse 17 / Sarnen, Switzerland CH-6060, We are a team of diamond experts who will teach you to identify scams and avoid spending money on features you can't see. Can achieve high returns if given enough time. The work of the person who plans and executes the cutting of these diamonds is very important. Finally, the DeYoung Red was purchased at a flea market by Sydney DeYoung before the Argyle Mine opened. Purplish red diamonds tend to offer the most beautiful selection. Design a piece of jewelry that will be cherished and passed down for generations. “Pure” red diamonds are so rare and outrageously priced, they’re generally beyond the purview of celebrity life and are seldom found above 1 Carat. ; The second section of this article will explain how diamond prices are determined and calculated. It is named after the famous collector, Mr Warren Hancock. We ask that you fill out an initial valuation form or call 646-758-0270 (9am-5.30pm EST, Monday-Friday). [1] [4]. You want to ensure you’re getting the most beautiful red stone for your budget. In the entire world, only a few diamonds with a pure red hue are found in an entire year. No matter what you choose, your red diamond will make the jewelry a head-turner. With red diamonds, there are no varying levels of color intensity. Predominantly red diamonds are so rare that at any given moment, probably less than a handful are available for sale in the market—ones that have a certified unmodified red color and are above 0.20 Carat, that is. Cutting a Red Diamond: Red diamonds are often cut with their tables parallel to the color-producing glide planes. Slightly less rare are diamonds with a modified red color. Sometime after the sale, DeYoung became suspicious about the identity of the stone. DeYoung knew that the stone was valuable but passed away in 1986, a year before the 0.95-carat Hancock Red was sold at auction for nearly $1,000,000 per carat. Where is the Best Place to Buy an Engagement Ring in 2020? Carat: Typically, the greater the carat weight of your diamond, the more it is worth. In fact, the exact cause of the red diamond’s color is still debated among experts. Low offers as they are not specialists in fancy colored diamonds. The red diamond sold for $880,000, a price of $926,000 per carat - eight times its pre-sale estimate. [5]. Cause of Color in Red Diamond: In this photomicrograph, you are looking into the interior of a rough diamond through a small polished window on its surface. This field is for validation purposes and should be left unchanged. Learn How to Calculate Diamond Prices So You Don't Get Ripped Off & Overpay. Sydney DeYoung, a Boston jeweler, purchased an estate jewelry collection at a flea market. “Pure” red diamonds are so rare and outrageously priced, they’re generally beyond the purview of celebrity life and are seldom found above 1 Carat. When there are few glide planes, a small amount of red light transmission produces an apparent pink color of the diamond. Stones with Orangey and Brownish overtones are worth significantly less than pure Red or Purplish Red diamonds. Fancy red diamonds fetch the highest prices on the market. The Moussaieff Red, the largest red diamond known, was also found in Brazil sometime prior to its acquisition by William Goldberg Diamond Company in the mid-1990s. Its sale in 1987 for $880,000 ($926,315 per carat) was an amazing price for a 0.95-carat diamond. DeYoung took the stone for gemological testing, and the results were shocking. A local and fast option for selling diamonds. Contact our experts today for your bespoke price quote. It is the third-largest red diamond known to exist and the only red diamond on public display anywhere in the world. Following the guidelines below to find experienced red diamond buyers: We guarantee the safety, security, and privacy of your valuables.
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