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In 2015, the auction house Bonhams sold the 50.13-carat Hope Spinel for a world-record £962,500 ($1.22m) — over six times its estimate — helping to catapult the stone into public consciousness.
A pink diamond called Pink Panther, the largest in the world, is the MacGuffin of the 1963 film of the same name. In 2002, when Ben Affleck proposed to Jennifer Lopez with a 6.1-carat pink diamond engagement ring, it catapulted pink diamonds into the popular mindset, triggering an immense surge in pink diamond prices that still exists today. [26]
There are considerable price shifts near the edges of the size bands, so a 0.49 carats (98 mg) stone may list at $5,500 per carat = $2,695, while a 0.50 carats (100 mg) stone of similar quality lists at $7,500 per carat = $3,750. Stones near the top of a size band (or rarer fancy coloured varieties) tend to be uprated slightly.
The estimated value of Argyle diamond production was only US$7 per carat ($35/g); this compared to values of $70 per carat ($350/g) for diamonds produced at the Diavik mine and US$170 per carat ($850/g) at the Ekati mine, both in Canada. [18] However, Argyle had two to four times the concentration of diamonds (ore grade) of these mines.
The pink, cushion-cut, 34.65-carat Princie Diamond used to be part of the Jewels of the Nizams of Hyderabad; it was auctioned in 2013 by Christie's and sold for US$ 39.3 million, which is the highest-recorded auction price for a Golconda diamond and a world record for US$ 1.1 million per carat. [87]
1990s bling and multiple rings are some of the biggest 2025 jewelry trends. Justin Lambert/Getty Images
In 1838, in the inventory of crown items, the stone under the cross was called a “large ruby”, and in the inventory of 1865 it was already listed as “an irregularly shaped spinel ruby, worth 100,000 rubles”. [15] Since 1967, the crown, and along with it the historical spinel, has been an exhibit of the Diamond Fund.
Samarian Spinel, the world's largest spinel; Menshikov Ruby, the world's second largest spinel set on top of the Great Imperial Crown of Russia; Timur Ruby, believed to be a ruby until 1851, hence its name; Black Prince's Ruby, the famous spinel mounted on the Imperial State Crown of the United Kingdom