History and Famous Facts about Fancy Colored Diamonds
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(888) 983-9588 www.diamondenvy.com History and Famous Facts about Fancy Colored Diamonds
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Diamond Envy (http://www.diamondenvy.com/) is your leading source for natural loose color diamonds and jewelry. Diamond Envy has gathered diamond history and some interesting fancy color diamond facts. Diamond Envy is your leading source for rare natural color diamonds and jewelry.
Transcript of History and Famous Facts about Fancy Colored Diamonds
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History and Famous Facts about Fancy Colored Diamonds
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Diamonds were first discovered in India over 5,000 years ago, since then they have been captivating us with their elegance, beauty and rarity.
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The Koh-I-Noor, one of the world's most famous diamonds, was believed to have been worn by the first Mogul Emperor of India.
After the invention of diamond faceting in the 14th century, the art of diamond cutting emerged in Europe, and the stones began to be prized by royalty and aristocrats.
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Photo source: http://famousdiamonds.tripod.com/
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Until relatively recently, most people associated a diamond's value and rarity based on its absence of color. While this is true for colorless stones, fancy color diamonds are more exotic and valuable precisely because of their naturally occurring hues.
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» The evidence of this appears throughout history: from the 280 carat faint bluish-green diamond owned by the last Mogul of India to the 189.60 carat Orlov, presented by Count Grigori Orlov to Catherine the Great of Russia in 1775. In fact, many believe that these are, in fact, the same stone!
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The Hope Diamond, arguably the most famous fancy color diamond in the world, has a rich history as well.
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» Brought back from India by famed diamond merchant Jean-Bap tiste Tavernier for King Louis the XIV, it was originally cut into a 69 carat triangular shape and proceeded to pass through the hands of several French kings until it emerged as a 45.5 carat dark blue diamond purchased by London banker Henry Philip Hope in 1824. 77 years later it was acquired by an American, finally ending up in the hands of jeweler Harry Winston in 1949, who presented it to the Smithsonian Institute in Washington, D.C. nine years later.
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The mid-18th century also saw the emergence of the Dresden Green, a 41 carat pear-shaped green diamond, the largest natural green diamond in existence.
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With the discovery of diamond deposits in South Africa in the 1860s, the spectrum of fancy color diamonds turned yellow. The first diamond ever discovered there was a 21 carat rough yellow diamond, which enthralled onlookers at the Paris World Exposition in 1867 and which was later cut into the 10.73 carat round brilliant, Eureka.
Probably the best known yellow diamond from South Africa was discovered in the Kimberley Mines in 1878. The 287.42 carat yellow diamond was acquired by Charles Tiffany and cut into a magnificent 128.54 carat cushion, which currently resides in the permanent collection of Tiffany & Co.
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While pink diamonds were discovered in very small quantities in India, Brazil and South Africa, their color saturation tended to be very faint.
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» All of that changed with the discovery of the Argyle mine in Northwest Australia in 1979. For the first time, pinks appeared with more intense saturations, earning the label "fancy". Their legend grew and they have become prized by collectors and investors alike.
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For centuries, fancy color diamonds have been the stuff of legend, from adorning kings to being sought after for their mystical properties as talismans.
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» Today, because of their beauty and extreme rarity, fancy color diamonds are prized by collectors and museums around the world. Diamond Envy is pleased to bring the exclusive ability to purchase, collect, invest in, and most importantly, marvel at these natural wonders directly to our customers.
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Here are fancy colored diamonds facts:
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Blue Diamonds1.1.
In 2010, Christie's sold The Bulgari Blue Diamond, a ring featuring a 10.95 carat Fancy Vivid Blue diamond cut into a triangular shape, for $15.7 million, a record for a blue diamond sold at auction.
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Pink Diamonds2.2.
Most pinks originate in Rio Tinto's Argyle mine in Northwest Australia. In 2010, Laurence Graff paid over $46 million for a 24.78 carat Fancy Intense Pink, setting a record for a diamond sold at auction.
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Yellow Diamonds3.3.
The Sun Drop, a 110.3 carat Fancy Vivid Yellow diamond, was auctioned by Sotheby's for over $11 million in 2011. The 616 carat Kimberley Octahedron, the largest diamond in the world, is a yellow diamond.
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Orange Diamonds4.4.
In 2011, a 4.19 carat Fancy Vivid Orange Cushion sold for nearly $3 million at a Sotheby's auction in Hong Kong.
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Green Diamonds5.5.
In 2008, a new record was set for a green diamond sold at auction when Sotheby's achieved $1,222,222 per carat for a 3.08 carat green diamond auctioned in Geneva.
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Champagne Diamonds6.6.
A champagne color diamond once owned by Elizabeth Taylor sold at auction in 2011 for over $2.3 million.
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Red Diamonds7.7.
Natural red diamonds are absolutely the rarest stones in the world. If you see one firsthand, you're one of a very rare breed. The 5.11 carat Mousaieff Red is the largest pure red diamond ever graded; large natural pure red diamonds are extremely rare and hence incredibly valuable.
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Grey Diamonds8.8.
In 2011, a 10.67 carat grey diamond sold for nearly $1.2 million at a Christie's auction.
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Black Diamonds9.9.
The Black Or off, a 67.50 carat Fancy Black cushion cut diamond, was cut from 195 carat rough and was once owned by an 18th century Russian princess.
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Violet/Purple Diamonds10.10.
These rare gifts of nature originate in Australia's Argyle mine.
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Over the past four decades, wholesale prices of fancy color diamonds have never decreased. Certain color classes, like reds, blues and pinks, have seen annualized returns in the double and triple digits during this time. Investment grade blue and pink diamonds have witnessed their price per carat leap forty-fold over the past 40 years. As an asset class, fancy color diamonds are thoroughbreds when it comes to long-term appreciation.
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