Apr 27, 2023

Red diamonds: the "holy grail" of colored diamonds

Red diamonds, often referred to as the "holy grail" of colored diamonds, are the epitome of rarity and exclusivity. Their mesmerizing crimson hues have captivated gem enthusiasts and collectors for centuries. These magnificent gems, with their intense red coloration, stand in a league of their own, commanding attention and admiration wherever they appear.

Red diamonds are exceptionally rare, and their scarcity is attributed to a combination of geological factors and the presence of a specific structural defect within the diamond lattice, known as "grain boundaries." These grain boundaries distort the way the diamond absorbs light, resulting in the stunning red coloration.

The rarity and allure of red diamonds have made them highly sought after in the world of auctions, where extraordinary gemstones fetch record-breaking prices. Let's explore some notable examples of red diamonds sold at auctions and the stories behind them:

The Moussaieff Red Diamond: Weighing in at 5.11 carats, the Moussaieff Red Diamond is one of the largest red diamonds ever discovered. This rare gem was found in Brazil and is known for its exceptionally vivid red color. In 2001, it was purchased by the Moussaieff Jewelers for a staggering $8 million at an auction in Sotheby's. Today's estimated value of the stone is $20 million.
The Hancock Red Diamond: This legendary diamond originated from the Golconda mines of India, renowned for producing some of the world's finest diamonds. The Hancock Red Diamond weighed 0.95 carats and possessed a rich, deep red color. It was once owned by Dr. J.P. Hancock, who treasured the stone and kept it in a bank vault. In 1987, the diamond was auctioned for $880,000 and sold for $927,000 with a 6500% profit for it's owner.
The Kazanjian Red Diamond: Discovered in the 1920s, the Kazanjian Red Diamond is a remarkable gem weighing 5.05 carats. Its deep red hue is mesmerizing, and its flawless clarity adds to its allure. This diamond had an intriguing journey, passing through different owners until it was acquired by Kazanjian Brothers Inc., a renowned jewelry company. The Kazanjian Red Diamond has been displayed in museums and exhibitions, captivating audiences with its rarity and beauty.
The Graff Purplish Red Diamond: Known for his love for extraordinary gemstones, Laurence Graff, a prominent jeweler and collector, acquired a breathtaking purplish red diamond weighing 2.26 carats. This gem's unique color and exceptional quality set it apart. Graff showcased this diamond in his collection, allowing it to be admired by enthusiasts and collectors alike. Sold for $2.65 million at auction in 2007.

The stories behind these red diamonds highlight their extraordinary nature and the intrigue surrounding them. Their rarity and beauty have made them highly coveted by collectors, leading to fierce competition at auctions.

Red diamonds continue to hold a special place in the world of gemstones, enchanting all who have the privilege of witnessing their fiery brilliance. These rare treasures remind us of the sheer marvels that lie deep within the Earth's crust, waiting to be discovered and appreciated for generations to come.

Red diamonds: the "holy grail" of colored diamonds

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