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Have You Ever Seen A Red Diamond?
They really exist, but are very rare.
Leibish & Co .52 Carat Natural Purplish Red Argyle Diamond
You're looking at the .52 carat, SI-1 Clarity Radiant shape Argyle Natural Purplish Red Diamond, mined from the Argyle Diamond mine in Western Australia and now owned by the Israeli Diamond Wholesaler, Leibish & Co. The diamond was grade by the GIA Gem Trade Laboratory. The majority of the current red diamonds weigh less than one-half carat. The Argyle Mine accounts for 95% of all the red and pink diamonds in the world and supply is expected to run out by 2018.
According to Robert Kane of the GIA Gem Trade Laboratory, intense and vivid pink diamonds are rare and red where the primary dominant hue is purplish red is the rarest of all. Red diamonds are among the rarest of fancy color diamonds with only 20 known natural red diamonds in the world and have sold for record breaking prices.
In 1987, the fancy purplish red .95 carat Hancock Red Diamond sold for $926,000 per carat, and in 2007, a 6.04 carat flawless fancy blue diamond was sold by Sotheby's Auction House for $1.3 million per carat! Compare this to to the price for the highest colorless and flawless diamond which trades at $100,000 per carat.
In the world of fancy colored diamonds; "Do you see red", can take on a whole other positive meaning.
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