These diamonds are still very expensive, although they may present a more accessible option for those who love the deep red hue.Established in 1931, GIA protects the public through gemological research, education, impartial gem identification and grading services, and instrument development.Use of this site signifies your agreement to its terms of use. The 5.05-carat diamond was discovered in Lichtenberg, South Africa in 1927 weighing 35 carats in its rough shape.

Today, the gem is set as the centerpiece of a platinum ring and is worth over $15 million.Due to their high value, it is common for colored diamond owners to protect the specifics of their stones. You won't want to miss one of our insightful posts! GIA researchers, who have been studying diamonds for decades and have access to the most sophisticated equipment, are still not sure what causes their color. The Moussaieff Red, another famous red diamond, is a modified triangular brilliant weighing in at 5.11 carats.It was included in the 2003 exhibit, “The Splendor of Diamonds” at the Smithsonian National Museum of Natural History. © GIA & Tino HammidThe Hancock Red is one of the most famous red diamonds. The stone exhibits a deep red hue with a tint of brown and no chemical impurities. United States General Joseph McNarney, who believed the diamond to be some sort of ruby, later discovered the stone in a salt mine.After remaining in a private collection of an anonymous jeweler, the Kazanjian Bros. Inc. purchased the stone in 2007. At the 2011 Argyle Pink Diamond Tender, there was only one red diamond offered, an .80ct fancy red oval-cut.It takes one milllion carats of rough to yield a one-carat pink diamond to be sold at the tender, so imagine how much rough is extracted to produce an .80ct fancy red.

It is truly a one of a kind example of a beautiful red diamond.This diamond ranks second among our list of the most famous red diamonds in the world. The 5.03-carat De Young Red Diamond is worth at almost $5 million dollars. The color of your diamond is assessed using three attributes—hue, tone, and saturation. “Pure” red … The 5.11-carat Moussaieff Red Diamond was sold for $8 million dollars in 2001 and estimated to be worth nearly $20 million today! Fancy red diamonds have a unique history; for more in-depth coverage on these stones, make sure you check outThe world of naturally colored investment diamonds and jewlery is fascinating!

Where Are Red Diamonds Found?

Courtesy of William Goldberg Diamond Corp.GIA issued Colored Diamond Grading Reports for the Hancock Red and the seven diamonds exhibited at the Smithsonian.Red diamonds can be modified by purple, orange or brown.

Of all the Fancy Color Diamonds, red is the rarest of them all. Red is an iconic color that can symbolize love, strength, and passion. Sign up to receive a notice every time we add a new piece of content.Let's take a look at some of the most famous and rare red diamonds in the world!The jeweler eventually donated the diamond to the National Museum of Natural History in Washington, DC in December of 1987 .Through certain characteristics, scientists have been able to guess that its origin is either South Africa or Brazil; characteristics such as its 2.26-carat modified octagonal-cut. The hammer came down at $880,000—a remarkable $926,315 per carat, eight times its pre-sale estimate.“The publicity generated by the selling price of the Hancock Red and other significant fancy colored diamonds at auction spurred interest in these rare stones around the world, particularly with celebrities. There are a few factors to consider when determining how much your red diamond is worth today. In fact, red diamonds are so rare, that GIA records show that over a 30 year period from 1957 to 1987 there was no mention of a GIA lab report issued for a diamond with “red” as the only descriptive term.That’s a rather remarkable statement considering the number of diamonds GIA’s nine global laboratories grade each year, and that GIA has graded many of the world’s most famous colored diamonds.Adding to the mystique of red diamonds is the question of how they get their color.

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