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Archive for the ‘colored diamonds’ Category

Test Your Knowledge of Fancy Colored Diamonds

Fancy colored diamonds

Fancy colored diamonds

In recent years, auction houses have been setting record sales of fancy colored diamonds, according to reports from the Premier Diamond Group (North America) Ltd.

“The recent activity for colored diamonds at high-end auctions like Christie’s and Sotheby’s is fascinating to watch. Savvy investors are seeing how valuable and important fancy colored diamonds can be,” explained Michael King, Director of Trading for Paragon International Wealth Management, an investment firm that specializes in the acquisition of fancy colored diamonds for investors.

With fancy colored diamonds trending, test your knowledge of these beautiful diamonds—and learn some interesting facts—with this true or false quiz. Scroll down for the answers—but no cheating!

  1. Diamonds that have been colored naturally, without the help of people, are known as authentic fancy colored diamonds.
  2. Clear, white diamonds are always worth more than authentic fancy color diamonds.
  3. According to Diamonds.net, fancy color diamonds have increased in value by 167 percent on average since January 2005, outperforming other assets in that period, including the Dow Jones Industrial’s average increase of 58 percent, and Standard & Poor’s 500 63 percent increase.
  4. Fancy colored diamonds are only found in pinks, yellows, and blues.
  5. Authentic fancy color diamonds get their color from the trace elements they are exposed to. Radiation can create a greenish tint, while large amounts of nitrogen causes a yellowish color.
  6. Through heat treating and irradiation, gemologists are able to enhance the color of most diamonds, as well as create beautiful synthetic diamonds in labs, making fancy color diamonds more expensive and harder to buy.
  7. Fancy colored diamonds are graded the same as white diamonds.
  8. With fancy colored diamonds, the rarer the color, the less in demand the diamond will be.  Similarly, if the color is richly saturated, the diamond will also be worth less.
  9. In fancy colored diamonds, inclusions are considered desirable.
  10. In December 2012, at the final lot of Christie’s auction season, a reddish-orange fancy color diamond sold for $2,098,500, setting a new world auction record for a reddish-orange diamond and a new per-carat record price of $666,200.

Fancy colored diamonds true or false answers:

  1. True.
  2. False. Authentic fancy colored diamonds are often worth more than clear or white diamonds. Rarecoloreddiamonds.com reports that 20 years ago, a one carat fancy intense-pink internally flawless diamond would have sold for approximately $70,000. Today, that same diamond would be worth $500,000.
  3. True.
  4. False. Fancy color diamonds are found in 12 different colors, with more than 90 secondary hues and nine intensity levels within the 234 color combinations.
  5. True.
  6. False. Through irradiation and heat treating, gemologists are able to enhance the color of most diamonds, making them more affordable and available to people.
  7. False. The four main criteria for determining a fancy color diamond’s value include hue, color saturation, color purity, and availability. The diamond’s color, including intensity of color and hues, is considered the diamond’s most important quality.
  8. False. With fancy colored diamonds, the rarer the color, the more valuable it will be. And if the color is richly saturated, the diamond will also be worth more.
  9. True. Inclusions are actually flaws, but in a colored diamond, they can create unique tones and beautiful flashes of color.
  10. True.

New Auction Record Set by “Blue Moon Diamond”

On November 11, 2015, a new record for any diamond ever offered at auction was set, according to a Reuters report. The “Blue Moon Diamond” sold for 48.6 million Swiss francs — the equivalent of $48.4 million — at Sotheby’s in Geneva, Switzerland to a Hong Kong buyer, making it the world’s most expensive diamond. Surprisingly to those in attendance, the successful bidder renamed the diamond, “Blue Moon of Josephine.”

At 12.03 carats, the Blue Moon is the largest cushion-shaped fancy vivid blue diamond ever to appear at auction. It is mounted on a ring and has the top grading of fancy vivid blue. Sotheby’s gave the diamond a pre-sale estimate of $35 million to $55 million.

Auctioneer David Bennett called the Blue Moon the “highest price per carat” ever obtained for any kind of stone, and the diamond set a world record for any jewel at more than $4 million per carat.

The blue diamond stone was found in South Africa’s famed Cullinan mine in January 2014. The distinctive blue color in diamonds is attributed to trace amounts of the element boron in the crystal structure.

The Blue Diamond Tops the Graff Pink

Until recently, the auction record had been held for five years by the Graff Pink diamond, which British billionaire jeweler Laurence Graff bought for almost $46 million at another Sotheby’s auction in Geneva in 2010.

Graff paid 45.4 million francs — almost $46 million — for the diamond and quickly renamed it, the “Graff Pink.” The rare pink diamond is rectangular shaped, and weighs 24.78 carats. It is among less than two percent of the world’s diamonds categorized as “potentially flawless” because it needs repolishing.

Graff’s buying price of $46 million at the time topped a previous world record for the selling price of a jewel at auction.

In 2013, Sotheby’s auctioned a pink diamond called the “Pink Star” for $83.2 million, but the buyer ultimately defaulted on the payment. The stone remains in the auction house’s inventory.

Other Big Sales at Sotheby’s

At the November 11 Sotheby’s auction, royal jewels, colored gemstones, and designer pieces by Van Cleef & Arpels, Cartier, and Harry Winston were among 410 lots that found new owners, bringing in $139 million.

A fancy vivid purple-pink, pear-shaped diamond ring sold for 13.9 million Swiss francs — approximately $14 million — the second-highest lot of the night.

An 8.48 carat Burmese ruby and diamond ring that belonged to the late Maria-Jose, the last Queen of Italy reached just 5.2 million francs, surprising those in attendance that it failed to meet the reserve price set by the seller.

Of interest to history buffs, a Cartier diamond and pearl tiara that survived Germany’s sinking of the Lusitania cruise liner 100 years ago — along with its Canadian owner Marguerite Lady Allan — sold for $800,000 after heated bidding, doubling its estimate.

A 15.20 carat fancy orange-pink diamond pendant owned by former James Bond actor Sean Connery sold for more than 4 million francs, tripling its estimate.

Facts about Fancy Colored Diamonds

Screen Shot 2015-03-02 at 12.04.18 PMYou’ve probably seen magazine and television ads promoting fancy colored diamonds, and the advertising seems to be working. Fancy colored diamonds continue to rise in popularity into 2015. Increase your knowledge of fancy colored diamonds—and learn some interesting facts—before you buy.

  1. Diamonds that have been colored naturally, without the help of people, are known as authentic fancy colored diamonds.
  2. Authentic fancy colored diamonds are often worth more than clear or white diamonds. Rarecoloreddiamonds.com wrote that 20 years ago, a one carat fancy intense-pink internally flawless diamond would have sold for approximately $70,000. Today, that same diamond would be worth $500,000.
  3. According to Diamonds.net, fancy color diamonds have increased in value by 167 percent on average since January 2005, outperforming other assets in that period, including the Dow Jones industrial’s average increase of 58 percent, and Standard & Poor’s 500 63 percent increase.
  4. Fancy color diamonds are found in 12 different colors, with more than 90 secondary hues and nine intensity levels within the 234 color combinations.
  5. Authentic fancy color diamonds get their color from the trace elements they are exposed to. Radiation can create a greenish tint, while large amounts of nitrogen causes a yellowish color.
  6. Through heat treating and irradiation, gemologists are able to enhance the color of most diamonds, as well as create beautiful synthetic diamonds in labs, making fancy color diamonds more affordable and available to people.
  7. Fancy colored diamonds are graded differently than white diamonds. The four main criteria for determining a fancy color diamond’s value include hue, color saturation, color purity, and availability. The diamond’s color, including intensity of color and hues, are considered the diamond’s most important qualities.
  8. With fancy colored diamonds, the rarer the color, the more valuable it will be. And if the color is richly saturated, the diamond will also be worth more.
  9. In fancy colored diamonds, inclusions are considered desirable. Inclusions are actually flaws, but in a colored diamond, they can create unique tones and beautiful flashes of color.
  10. In December 2012,  at the final lot of Christie’s auction season, a reddish-orange fancy color diamond sold for $2,098,500, setting a new world auction record for a reddish-orange diamond and a new per-carat record price of $666,200.

If you’re in the market for fancy colored diamonds, make sure to visit Adina by Empire Jeweler’s remarkable online store. You’ll find an exquisite selection of diamond jewelry at true wholesale prices, all appraised by Empire’s GIA-educated appraisers.

 
 
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