How Precious Is My Diamond?

15 March 2019 / Blog

How Precious is My Diamond?

Less than 20% of all diamonds mined are considered gem-quality. This means that as rare as diamonds are, only a portion are presented. Additionally, only 2% of all gem-quality diamonds are entirely flawless. It is easy to tell just from the way it glimmers that a diamond is one of the most precious substances known to man. However, many people do not understand exactly why a diamond is such a valued thing.This means that if you have a flawless diamond, you are one of only a few people on earth ever to own one. What’s more, the diamond on your finger is, most likely, at least a billion years old. It may even be as much as three billion years old– older, perhaps, than life on earth itself!

Precious yellow diamond used in a silver ring

5 Gems That are as Precious as Diamonds

  1. Alexandrite is a greenish stone that changes colors in different angles. It was discovered in Russia in the 1830s and named after the tsar, and can cost more than $10,000 per carat.
  2. Bixbite is one of the rarest gems in the world. Also known as a red emerald, this gem sells for more than $10,000 per carat.
  3. Painiete is a deep, orange-red or brownish red stone that was found in Mynamar in the 1950s, and it’s priced up to $60,000 per carat.
  4. Musgravite was discovered in Australia in 1967, and it’s a mysterious, smoky gray gem that can have green or violet undertones. It’s valued at 35 grand per carat.
  5. Grandidierite is a rare gem valued at $25,000 per carat, and ranges from blue-green to green. It may also have a translucent or pearly appearance

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