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An exceptionally unique 15-carat rare blue diamond was auctioned for $57 million last year. So why are diamonds deemed so valuable? "They are valuable first and foremost, because they look great ...
Diamonds in larger sizes are rare, and their price is dependent on the individual features of the diamond. Fashion and marketing aspects can also cause fluctuations in price. This makes it difficult to establish a uniform and readily understood pricing system.
The production and distribution of diamonds is largely consolidated in the hands of a few key players, and concentrated in traditional diamond trading centers, the most important being Antwerp, where 80% of all rough diamonds, 50% of all cut diamonds and more than 50% of all rough, cut and industrial diamonds combined are handled. [93]
For example, most white diamonds are discounted in price as a more yellow hue is detectable, while intense pink or blue diamonds (such as the Hope Diamond) can be dramatically more valuable. The Aurora Diamond Collection displays a spectacular array of naturally colored diamonds, which occur in every color of the rainbow. [35] [36]
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Fancy-colored diamonds such as the deep-blue Hope Diamond are among the most valuable and sought-after diamonds in the world. In 2009, a 7-carat (1.4 g) blue diamond fetched the then highest price per carat ever paid for a diamond when it was sold at auction for 10.5 million Swiss francs (US$9.5 million at the time) which is in excess of US$1.3 ...
Diamond expert Dan Moran told Yahoo News that while he generally agrees that younger and “less established” clients are more likely to go for lab-grown diamonds, he’s been told by “many ...