Red diamonds are not just rare; they are said to be the rarest of all natural fancy color diamonds. This makes them extremely sought after by diamond enthusiasts and collectors alike. What is the origin of Natural Fancy Red diamonds, what sets them apart from other color diamonds, and where does the red color come from? All of these questions and others will be answered in the this article.
The Origin of the Red Diamond
Fancy color diamonds are found in twelve different colors, but with over 230 color combinations and in various locations around the globe. The majority of Red diamonds in particular, originate from Australia, in the Argyle diamond mine which is known for its production of some of the world’s finest Pink, Violet, Blue, and Brown diamonds. However, a large percentage of these diamonds have also been found in Brazil and even some in South America.
An extremely rare Fancy Red Radiant-shaped Diamond
Red Diamonds vs. Color Diamonds
The common denominator among all color diamonds is the fact that they all possess a color in contrast to colorless diamonds, which lack color. However, other than this aspect, every color diamonds has its own characteristics as it owes its unique color to separate causes. Additionally, as a result of each and every color diamond’s rarity, each color category has a different value. Color diamonds that are more abundant are generally also found in larger sizes whereas as very rare diamonds such as Red diamonds are usually on the smaller side when discovered. Like many other color diamonds, Fancy Red diamonds can be found in one pure color or with secondary hues, which include Purplish, Brownish, and Orangy. While other colors come in several intensity levels, Red diamonds come in one intensity level alone: Fancy Red.
Cause of the Red Color
Various impurities and elements are the causes for color in color diamonds. Red diamonds are similar to Pink diamonds in terms of the cause for the color. It is not completely clear what the cause is but it is believed that deformities in the crystal lattice is what creates the pink color, and in this case, red hue. A very intense level of this deformity results in the bright red color.
Straight Fancy Red Oval-shaped Argyle Tender Red Diamond
Famous Red Diamonds
Like every color diamond category, there are famous Red diamonds too. These include The Moussaieff Red, a 5.11-carat, Fancy Red diamond with an IF clarity grade. Known as the largest internally flawless red diamond in the world, this stone is one of the most magnificent stones in existence, and The Hancock Red Diamond, a 0.95-carat Fancy Purplish Red, Round Brilliant Diamond. Though the latter diamond is less than a carat in size, it is still among the most famous Red diamonds of all time due to its fabulous color. Just to put some perspective on the value of these top-quality Red diamonds, here are the prices these remarkable stones sold for at auction. The Moussaieff Red sold for nearly $8 million back in 2001, placing its value at $1.6 million per carat. The Hancock Red, in contrast, was sold in 1987 for approximately $880,000. That is $926,000 per carat, but today such a diamond would fetch far more.
The Moussaieff Red
The Value of a Red Diamond
As mentioned earlier, the Red diamond is a rare specimen. This results in high prices. As time goes by, the awareness for color diamonds in general and color diamonds as wise investments specifically, is increasing greatly, which translates into a high demand for these beautiful natural gemstones. It is unclear how much remains from the Red diamond sources that are accounted for; therefore the value of the Red diamond is constantly rising. The figures are high, but whatever the numbers are presently, they will grow significantly in the near future.
Unlike color diamonds such as Yellow and Pink diamonds, which are purchased by consumers, investors, and collectors, Red diamonds are mainly bought by collectors and investors for the purpose of investment and completing collections. A pure Red diamond, which is mostly desired, is very difficult to obtain, and when available, demands sky high prices. Nevertheless, for those serious about investing in a Red diamond, or adding one to their growing color diamond collection, the red gemstone will not disappoint. Its beauty and glamour, not to mention value, is nothing short of satisfactory.
Fancy Purplish Red Asscher-cut diamond.
Although it contains a secondary hue, this stone still remains extremely rare.
Fancy Red diamonds are among the rarest colors in the fancy colored diamond family
Browse through our wide selection and buy red diamonds from Leibish & Co.!