Diamonds

A very unusual Fancy Purplish-Red diamond weighing 0.34 carats. This stone appeared on Ebay in May of 2002. Bidding started at $1000. When I saw the auction, it had 11 bids and was up to $4150. Here is what the seller had to say about it: "Most people have never seen a Natural Red Diamond, most diamond dealers have never seen a red diamond. In fact their occurrence in nature is so rare that a leading specialist in the field of Colored Diamonds from the Geological Laboratory of America recently told me that GIA has issued certificates for red Diamonds less than 24 times, and of the 24 known to exist, over half of those certed weigh less than ½ of a carat in weight. This diamond is a gorgeous color, with a GIA certificate stating that the diamond is a Fancy Purplish Red, 0.34 carats, Oval Shape, color of origin Natural. If you are looking for the truly unique, and rarest of the rare in diamonds, this is it, it is quality not quantity. If you want a Red Diamond the worlds truly rarest gem specimen, This is an authentic collectors item, rarest of rare, very exotic hard to find piece. Natural Color, Natural Diamond." One of the most famous red diamonds is the Hancock Red Diamond, a stone that sold at auction in the late-1980's for $880,000 — and weighed only 0.95 carats. That comes to about $926,000 per-carat.