WHERE DO RED DIAMONDS GET THEIR COLOUR FROM?
The colour is one of the most important aspects of a naturally coloured diamond. Naturally coloured diamonds are among those exceptionally rare natural resources that are really precious. The value of a diamond, for this reason, is highly associated with its colour. From all around the world every year, only a few red coloured diamonds are found. Until the late 1980s, these red diamonds weren’t really sought. Red diamonds were not much in demand until April 1987, until a red diamond of even less than one carat was sold for a million dollars at an auction.
Highly organised carbon atoms often result in the formation of diamonds. Most of the coloured diamonds, all around the world, are generally formed as a result of the presence of an external element. This, however, is not the case for red diamonds.
RED DIAMONDS, JUST AS THE COLOURLESS DIAMONDS, ARE PURELY MADE UP OF CARBON ATOMS.
Besides this, it is more interesting to know that just a slight deformation in the carbon atom crystal lattice causes a unique red colour in the diamond. Whenever the light passes through the diamond during its formation, it bends. The bending of light results in the reflection of a ruby like colour that gives the diamond a unique red colour. There are twenty different colours and around 230 different combinations of fancy coloured diamonds and red are the one that is rarest of all.
WHERE ARE RED DIAMONDS FOUND?
The diamond mines have been discovered all throughout the world. There, however, are only a few selected diamond mines that have red diamonds.
RED DIAMONDS ARE DISCOVERED IN INDIA, RUSSIA, AUSTRALIA, SOUTH AFRICA AND BRAZIL.
Argyle mine contributes to almost 90% of the coloured diamonds in the world. The famous Argyle mine, the famous of all the mines in the world, in Australia is a major source of red diamonds. Apart from this, Russia, India and Brazil are also the producers of red diamonds.
WHICH ARE THE FAMOUS RED DIAMONDS IN THE WORLD?
The red colour is often considered as a symbol of the strength, passion, and love. This, however, is not only the reason for red diamonds to be famous but the unique process following which these precious gemstones are created also contribute to their rarity to a greater extent. Would you believe that despite being exclusively found in Brazil, Africa and Australia, there are only 30 red diamonds that ever have been discovered?
Some of the MOST FAMOUS RED DIAMONDS in the world are:
The DeYoung Red Diamond
The Kazanjian Red Diamond
The Graff Purplish Red Diamond
The Moussaieff Red Diamond
HOW RARE ARE RED DIAMONDS?
Diamond is the rarest and most expensive of all the gems, however, when it comes to the naturally coloured diamonds, the rarest of all is the red coloured diamond. There are different shapes and sizes of all the diamonds while the factors such as colour and clarity are used to determine their actual value.
ONLY 30 HIGH-QUALITY RED DIAMONDS HAVE BEEN DISCOVERED TILL DATE.
Red diamonds are among the most magnificent and enchanting gemstones in the world. Regarding these incredibly captivating stones, there is not just enough information available. This little gemological information about red diamonds in comparison to the other naturally coloured diamonds based on their immense scarcity make them just unbelievably rare in the world.
Red diamonds, solely, are made up of pure carbon and contain no such impurities like the other naturally coloured diamonds. It, sometimes, become extremely impossible to believe that how can such a precious gemstone with almost none of the impurities has such a glorious and eye-captivating colour.
WHAT ARE THE INTENSITY GRADES BY GIA FOR RED DIAMONDS?
Coloured diamonds, generally, are graded through their intensity level.The red diamonds are considered as highly saturated; thus, they cannot be graded as red pink or dark pink. Red diamonds, like the other coloured diamonds, may contain secondary colours. The most common secondary colours are considered as orange, brown and purple. Getting down to the lighter shades of red, you will start moving towards the territory of pink colour. Besides this, some of the other lighter shades of red are also considered as a saturated pink colour. An interesting fact associated with red diamonds is that,
THE ONLY GRADING OR INTENSITY LEVEL OF RED COLOURED DIAMOND AS DEFINED BY GIA IS FANCY RED.
THE STRONGER THE RED COLOUR, THE HIGHER THE PRICE OF THE RED DIAMOND.
The clarity of the red diamond as well as its depth, however, is determined in a similar manner as per the GIA rates through colour, clarity and cut. The red diamonds are also cut to enhance their colour. When going to buy a red diamond, before you go for the cut of the diamond, you must focus on the colour depth and quality of the red diamond first.
Natural fancy red diamonds are incredibly valuable and offer significant return to those who either sell them or invest in them. There, however, are few factors to be considered when determining how much is the red diamond worth? The red diamond, in comparison to all the other coloured diamonds, depends more on colour. As the red diamonds are the rarest of all the diamonds, the addition of secondary colour can make it more beautiful. Pure red diamonds exist in darkest tone and highest saturation that is, the fancy red that also fetch higher prices on the market. Besides this, red diamonds also exhibit brown or purplish hue. Furthermore the red may also appear as a reddish orange or reddish brown colour. The red diamonds with secondary colours are also valuable, however, the diamonds with no hue are the rarest coloured diamonds. The carat, cut and clarity as well as the market conditions also affect price. It is an interesting fact that most of the diamonds are found in sizes of less than one carat. There, however, are few (only five) that are known to be greater than five carat. Experts say that natural red diamonds are the rarest and thus their per carat price is around 400 percent higher in comparison to the other naturally coloured diamonds.
INVESTMENT IN RED DIAMONDS
What makes the red diamonds highly sought after by the investors and collectors is its scarcity. Red diamonds have their own specific characteristics and a rare colour variation and thus a different value that makes investing in red diamonds really interesting. The red diamonds are rare, very rare thus have a higher value and a higher price too. A most coveted red diamond that is much harder to source is often the diamond the investors look for. Red diamonds, in auctions, are sold at much higher price ranges. Investment in red diamonds requires having professional knowledge. A red diamond added to the investment portfolio is all what an investor needs.
WHY INVEST IN RED DIAMONDS?
The diamond experts have recognised that during the forthcoming years, the value of coloured diamonds and specifically the red coloured diamonds will continue to rise. The red diamonds thus would definitely be a smart investment. The collection of red fancy diamonds has been observed undergoing the hammer every year for astronomical amounts. Red diamonds, especially from the Argyle Mine Australia, as the growth of stock by the time is becoming negligible and is expected to continue to rise. These diamonds going for a great deal of rarity has further resulted in value addition. The red diamonds are becoming rarer due to the decrease in the number of mines all around the world.
Rough diamond supply has been forecasted to reach 157 million carats by 2020.
The answers to the questions regarding why you would invest in a red diamond are enough to surprise you. The growing economies especially have directly influenced diamond sales particularly in form of boosting the sales which are resulting in making the diamond market grow. Red diamond is the rarest one but the value of every other less rare coloured diamonds in the world is expected to increase. The prices are also pushing upwards with increased demand by the investors together with a decline in the supplies.
RED DIAMONDS ARE EXTREMELY EXPENSIVE, AND THEIR PRICES HAVE BEEN OBSERVED GOING UPWARDS WITH EACH PASSING YEAR.
It has been observed that the red diamonds have been purchased by some of the most sophisticated investors and collectors.
PRICE EVOLUTION OF RED DIAMOND
A question is often raised that how rare and valuable the red diamonds really are. Only 30 of true red coloured diamonds are known to exist in the world. This claim is enough to give you an insight into how treasured a red diamond is. The unbelievable rarity along with its ever-increasing prices, the red diamond is less available to the customers and to the celebrities as well. Like all the other naturally coloured diamonds, red diamonds are also sold in auctions.
- The world first became obsessed with the red diamond in the year 1987, when a red diamond weighing 0.95 carats was sold at an auction in New York at a total of $ 880,000.
- In 2007, the largest diamond ever to be sold at the Geneva auction was Fancy Purplish Red weighing 2.26 carat. The diamond was sold for approximately $ 1.18 million per carat.
- A fancy red diamond of 2.11 carat, known as the largest red diamond, was sold in an auction in the year 2013 for a price of approximately $ 2 million per carat.
- In 2013, another fancy red diamond weighing 1.92 carats was sold at an auction in Geneva for $ 1.694 million per carat.
- 2014 was another year when another fancy red diamond weighing 2.09 carat was sold at an auction held in Hong Kong at a record price of $ 2.44 million per carat and $ 5.1 million in total.
HOW RARE IS THE RED DIAMOND?
Among the rarest red diamonds in the world are the fancy red diamonds and purplish red diamonds. An interesting fact is that there are only two red diamonds weighing over two carats to sell at the auctions are the red diamonds weighing 2.09 carats and 2.26 carats. This indicates how difficult it is to find large red diamonds in the world. Most of the red diamonds are only extracted from a single Argyle Mine and the mine is about to close in just a few short years. As per the experts of diamond family, the price range for red diamonds is expected to increase for at least a double, in future, of what has been the price in the past.
THE LARGEST RED DIAMOND EVER KNOWN IS THE DIAMOND WEIGHING 5.11 CARATS.
The diamond is really precious as most of the red diamonds found have weight under a carat. Such kind of gemstones are often beyond the reach of a common collector or even a celebrity and mostly found in the beautiful collections of the world’s top-end jewellers and investors. This red diamond is a fancy red diamond having triangular brilliant cut. Initially, the gemstone was known as “Red Shield” and later “Moussaieff Red Diamond” after it was bought by one of the most famous jewellers Sholmo Moussaieff in a price of around $ 1.6 million per carat and $ 8 million in total in early 2000s.
Multiple factors are considered when determining the actual value of a diamond. Not just the clarity and carat are the factors that determine the value of a diamond but there are certainly other factors too such as colour and rarity originating from its brilliance. For the rarest red coloured diamond in the world, it goes without saying that the prices will increase by the time. The prices, especially in case of larger red diamonds, now, can even exceed $ 3 million per carat. What can you estimate through the price trends? Nobody knows what further records will be made at auctions in the coming years. Considering the prices of red diamonds, the sky is the limit.