Naturally Colored Diamond Blog

Red Diamonds – Everything You Wanted To Know (Part 2)

Posted by Tony Cathaway on 2/9/17 10:09 AM

Red diamonds are among the most beautiful and rare diamonds ever to be discovered. They are so scarce that only about 30 such stones have been documented to exist and only a handful have ever made an appearance in auctions.

red diamonds

If you have not yet read part 1 of our tribute, where we explored the reasons behind the characteristic red hue of these diamonds and their countries of origin, you can find it here

In this second part we will be exploring some of history’s finest red diamonds, as well as the story behind each individual stone.

The 5 Most Famous Red Diamonds and Their History

                1. The Moussaieff Red

red diamonds

Found in the in the Alto Paranaiba region of Brazil during the 1990’s this gem initially stood at 13.9 carats. It was later attained by the infamous William Goldberg Diamond Corporation which ultimately refined the piece to a magnificent 5.11 carat red diamond originally named the “Red Shield” and according to the Gemological Institute of America, it is still the largest fancy red diamond measured up to date. As its name suggests, this stone has a triangular brilliant cut (also known as a trilliant cut) and has an internally flawless (IF) ruby red hue.

The diamond was eventually sold to its current owners “Moussaieff Jewelers Ltd.” during late 2001, early 2002 for approximately $8 million (that is almost $1.6 million per carat) and was ultimately renamed “Moussaieff Red”.

Finally, during 2003 the diamond was put on display at the “Splendour of Diamonds” exhibition in the Smithsonian Museum in Washington D.C.

 

                                                                                        2. The Kazanjian Red

red diamondsOriginally discovered in Lichtenburg, South Africa during the mid-1920s this stone was thought to be a 35 carat black bort and was sold for just £8 per carat. It was later sent to the Gaudvis Brothers in Amsterdam who begun processing the stone. Once the stone was reduced to 23 carats it begun developing a brown hue. Noticing this, cutting operations proceeded until it was transformed into a 5.05 carat, deep ruby red, emerald cut diamond. Despite its brilliance, and contrary to the other diamonds on this list, this stone story is plagued by tragic events. It initially received very little respect, and was often mistaken for a ruby by a plethora of untrained individuals. To make matters worse, it was even confiscated by Nazi soldiers during WW II. Thankfully, it was returned to its rightfl owner after the war had ended, but it ended up being repetedly sold up until 1970.

After disappearing from the public eye for 37 years the diamond was offered to the Kazanjian Bros. a gem and jewelry firm based in Beverly Hills, California. Following its 2007 purchase the stone was then named the “Kazanjian Red” to pay homage to the company’s founders. Despite its tragic past, this precious stone now has a noble role; often displayed alongside other famous gems and jewelry, the company utilizes its brilliance to promote and raise money for various charities, some of which being related with underprivileged youth and disadvantaged children.

 

                       3. The De Young Red

red diamondsWeighing at 5.03 carats this is the third largest diamond on our list. It has a vibrant red color with a slightly brown tint. What makes this stone stand out the most is its horizontally divided kite shaped facet.

This is another diamond that had rather humble beginnings. Originally sold at an estate sale it was mistaken for a garnet pin for hats. Thankfully, after close examination by its sole owner, Sidney De Young, a Boston based jeweler, the stone was officially recognized to be a brilliant red diamond. De Young ultimately donated this diamond to the Museum of Natural History in Washington D.C.

 

                                                  4. The Hancock Red

red diamondsBelieved to have originated from Brazil, this 0.95 carat diamond has a sweet red color with a purple hue. The original owner of this stone was Warren Hancock, a diamond collector and rancher located in Montana. He had originally obtained the diamond at a local jeweler during 1956 for $13,500. What is most noteworthy about this diamond however, is its record breaking bid during a 1987 auction. The stone sold for a record $880,000 (this translates to slightly over $926,000 per carat) and was documented to be the first high quality red diamond to be sold at an auction.

 

                            5. The Rob Red

red diamondsAt only 0.59 carats, this pear shaped stone is the smallest diamond on our list. You may think that there is no way such a small diamond can compare to those mentioned above, however we saved the best for last. Named after its owner, Robert Bogel, this stone holds a VS1 clarity grade. This means that among every single fancy red diamond documented globally, the “Rob Red” has the absolute highest grading regarding color clarity and saturation, deeming this stone as the most unique out of all the red diamonds.

The above mentioned can be further supported by Stephen Hofer, a renowned gemologists and author of “Collecting and Classifying Fancy Colored Diamonds”. He officially reported that that this is the purest and most saturated red diamond to be visually and instrumentally measured to date on a global scale.

Final Remarks

One thing stands out from the above categories, and that would be the astounding price/carat ratio these diamonds possess. This however, is only natural as unique composition coupled with immense rarity and diminishing supply constitute immense value, which in turn yields very high price tags often exceeding $1,000,000 per carat.

We hope you enjoyed our tribute to red diamonds and found it informational, as well as entertaining. Also, what tribute would you like to see next? Where there any additional facts we may want to add? Let us know by either leaving a comment on our social media or directly contacting us via email.

If you are interested in reviewing our naturally colored red diamonds available for sale, please contact us at 866-821-5508.


For more reading on colored diamonds, see the links below:

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