The Most Expensive Diamond in the World

Diamonds are the most expensive stones when shopping for a perfect diamond wedding or engagement ring. You must be curious to know about the most expensive diamond ring in the world after shopping for a diamond for yourself. There are different color ranges for diamonds sold for millions of dollars, such as yellow diamonds, blue diamonds, white diamonds, and pink diamonds. In the diamond industry, which is vast and extensive, several types of the world's most expensive diamond rings stand out in the market due to their uncanny size and flawless character.

 How are diamonds obtained?

Diamonds are formed in a geological process, deep on the earth's surface, when carbon is exposed to extreme pressure and temperature. Diamond takes millions of years to form naturally. After the formation of diamonds occurs, diamond mining firms extract them, cut and polish them to sell in the market. After this process, jewelry such as diamond pendants or diamond engagement rings is set and ready to sell. 

Why are diamonds so expensive?

Diamonds are expensive because it is difficult to find a large piece of diamond having no flaws in their gem quality. Another reason why natural diamonds are priced is because of labor. The natural process of diamond extraction from the mines is labor-intensive and lengthy. A small piece of diamond has to pass through several hands before it becomes ready to sell in the market, and this is the reason which drives up the price of diamonds. The marketing strategy of De Beers has made diamond engagement rings quite popular that still encourages men to spend their 3 month salary on buying a wedding ring.

Why is Kohinoor the most expensive diamond in the world?

Kohinoor diamond is known as the mountain of the light diamond as it is one of the most expensive diamonds in the world in 2021 and weighs 1065.6 carats. Originally mined in India several decades ago, this diamond has become an integral part of British crown jewels. And is the most expensive diamond in the world.

What is the most expensive diamond in the world?

Following are the popular historical gems apart from the Kohinoor, which are internally flawless, large, and possess extraordinary qualities. All these reasons have made them the world's most expensive diamonds.

• The Sancy Diamond

This pale yellow diamond weighs 55.23 carats and is shaped like a shield. This unique diamond initially belonged to the regime of Mughals and was purchased by Louvre in the year 1978.

• The Cullinan Diamond

It is one of the roughest and largest diamonds ever discovered. Initially, it was discovered by Frederick Wells from South Africa during the 1900s and weighed about 3106 carats. It was later cut into 9 different diamonds by Joseph Asscher and Co. Cullinan I is one of the largest cut diamonds worldwide, weighing about 530.2 carats. In contrast, Cullinan II is a part of the imperial state crown.

• The Pink Star

The pink star was initially known as Steinmetz Pink Diamond and is known for its color grade, which is fancy vivid pink. It is one of the largest diamonds with a fancy vivid pink shade and weighs 59.6 carats.

Affordable Diamonds

If you want to shop for an affordable diamond engagement ring for yourself that doesn't cost millions of dollars, then shop for lab-grown diamonds. Many diamonds in the diamond jewelry industry are found within the range of 0.5 to 2 carat, which is quite budget-friendly. Also, diamond comes with certain imperfections, so you can easily shop for a less perfect diamond ring whose imperfections are invisible when seen through naked eyes. Therefore, when you want to buy a cost-effective diamond engagement ring, lab grown diamonds are the best option since they are ethically sourced and look the same as mined diamonds.