Every diamond consumer knows that the colored diamonds market is one that is hard to crack into. Of the varying colors available out there, the closest one you can probably get a hold of is the canary yellow—the least rare and exclusive. Or, if you consider the pages of a celebrity magazine, then you may have found the 6 carat vivid pink diamond on Jennifer Lopez’s finger back in 2002 when Ben Affleck proposed. If you think it couldn’t get any more exclusive than this, allow us to take you into the world of red diamonds.
All of the things above are just minuscule to the rarity and class of red diamonds. These diamonds are considered to be “the rarest of the rare”. Rightly so, as there are only a number of them left in the market for sale with a certified unmodified red color above 0.20 carat. More so for an authentic red diamond over 1 carat. In fact, the largest known red diamond is only 5.11 carats: the Moussaieff Red. This doesn’t even compare to the many high-quality colorless diamonds available in the market that has more than 5 carats.
Furthermore, unlike other colored diamonds, red diamonds have no varying levels of intensity. This has led some people to regard these diamonds as just a super-saturated level of pink. However, even without the levels, red diamonds can still be modified by attaching other colors. An example is the commonly known Purplish Red and the Brownish or Orangey Red—both of which are significantly worth less than the former and the original.
Colored diamonds are also graded differently. Instead of the first color, the second color is considered the primary and the first one as the modifying color. Still, it must be noted that for modified colored diamonds with the suffix “ish”, this rule do not apply. Take for example Purple Red and Purplish Red. The former denotes that the diamond is red with a purple modifier. On the other hand, the latter tells that both colors hold equal weight.
And as you can expect, this rarity definitely comes at a price. They are even too expensive that you can’t expect to see any celebrities flaunting them. It takes a whole other level of preciousness to have these diamonds only for safekeeping. The cost can even reach over $400,000 per carat.