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Rich in history, mystique and romance, fancy colored diamonds are the rarest of diamonds. For every colored diamond, there are 10,000 colorless diamonds. Colored diamonds command prices 20 to 25 times more than white diamonds. Popularity of these rare gems has been increasing for the last 3 years as more celebrities are seen wearing colored diamonds.
Colored diamonds are rare, but red, intense green and intense purple diamonds are extremely rare. Fewer than ten of each color are found per year. Due to their scarcity, the larger, more perfect diamonds of these colors command prices of US$1 million and higher.
Once found only in collections of the aristocracy or in the crown jewels of the world’s monarchs, colored diamonds have become available to anyone who wishes to experience the elegance and beauty of these romantic jewels.
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Diamonds are rare because of the unusual set of circumstances required to create each stone. The diamonds we see today were created millions of years ago under high pressure and relatively low temperatures at a depth of eighty-seven to one hundred twenty miles below the surface of the earth. Then a small number of volcanoes fueled by magma that reached three times deeper than most magma sources brought the diamonds to the surface through volcanic eruptions.
The first colored diamonds documented were mined on ancient Indian rivers as long as 6,000 years ago. Today, mines are located in several areas of the world. The largest diamond mining company is De Beers, followed by BHP Billiton, the Rio Tinto Group and Petra Diamonds. The Argyle Mine in Australia mines over 90% of the world’s pink diamonds as well as other colors. This mine is due to close in 2018. This will no doubt contribute to higher prices for the Argyle diamonds.
You can still find bargains on colored diamonds if do your homework. Celebrities are driving up the prices for certain colors. Other colors can be found at relatively affordable prices. The prices are influenced by color, rarity, and popularity.
If you want the most important person in your life to feel truly unique, imagine her wearing one of the rarest of all diamonds.
