BGC SenegalRed diamonds are some of the rarest, most valuable diamonds that exist. There is something about their stark contrast and deep red hues that make them particularly desirable to jewelry enthusiasts. But why, exactly, are red diamonds so expensive?
The first reason is the rarity of red diamonds. The Gemological Institute of America (GIA) discovered that red diamonds make up less than one-tenth of one percent of diamonds mined worldwide. That’s an astounding rarity and explains why even a small red diamond will have a very large price tag.
The second reason is their intense red hues. But that’s just the start – these diamonds can also come in vivid pinks, purples, and orange combinations. Each of these colors is highly desired and very difficult to find. In fact, the sheer variety of shades and combinations puts them in a very precious category.
Third, red diamonds are some of the oldest diamonds in the world. The GIA discovered that red diamonds can take up to two billion years to form. This means that these beautiful gems have been around for quite a long time!
Finally, many red diamonds come with a unique and fascinating history. For example, some of the most famous red diamonds have been handed down in royal families for centuries, or were once owned by celebrities. These stories contribute to the value and desirability of the gem.
All in all, red diamonds are some of the rarest and most valuable stones in the world. Their rarity and intense colors ensure that only a select few can afford them. But, for those willing and able to purchase them, the rewards are worth it!