Diamonds tend to cost a fortune and this greatly depends on their rarity. The rarest diamonds are the most expensive to buy. This is in line with the demand and supply rule of economy where an item increases in price if the supply is low and the demand is high.
People will always want to own diamonds for investment or simply for prestige and this makes high demand a constant. The supply of high-quality gems, on the other hand, is quite unpredictable. This highlights the question: Which diamonds are more expensive?
Fancy Colored Diamonds are Most Expensive
These diamonds account for only about 0.1% of the diamonds mined in the entire world. This makes them very rare and quite expensive. However, not all the fancy colored diamonds are extremely expensive due to trends in demand and a higher supply. Some colors are very affordable, such as:
- Brown Fancy Diamonds
- Grey Fancy Diamonds
- Yellow Fancy Diamonds
- Vivid and Intense Yellow and Orange Diamonds
These diamonds are the best alternatives to white diamonds since they are more beautiful. The cost may not differ significantly hence one should consider one of these instead of a white one. The darker the color the more expensive the diamond though the other 3Cs are also considered.
The pink, green, pure orange, purple, blue and grey diamonds are more expensive since they are extremely rare. The prices could go up to thousands of dollars depending on the carats and the intensity of the color. They are often sold in auction houses where buyers flock to obtain these precious stones and the prices could go up to millions of dollars. The blue and pink diamonds are the most expensive in this category.
Which is the most expensive fancy colored diamond?
The rarest and most expensive diamond in the world is the red diamond. Actually pure red diamonds are almost non-existent. The available ones are either purplish or brownish-red. The more the intensity of the red colors the higher the price and a slight difference could lead to a spike in prices.
The red color is so rare that even if the red is the secondary color, the diamond is valued very highly. Whenever red diamonds are put up for sale, the high and mighty individuals of the world scramble to obtain them without considering the prices. In addition, they also appreciate in value so they are the best investments.
Which is the most expensive white diamond?
For white diamonds, the most expensive greatly depends on the 4Cs. The cut is the most important factor and the excellent cuts are the most expensive. The high-quality cuts coupled with D grade color, Flawless clarity and high carat weights make the most expensive white diamonds. The factors vary in importance hence they influence the value differently. This is quite different from the fancy colored diamonds where the color is the sole determinant of the value and rarity.
The value of a diamond is generally high and this is among the best forms of investment. The price rarely depreciates regardless of the market trends of other commodities. You can obtain the most expensive one for an amazing feeling of royalty.