1. Pink Star Diamond Ring
The Pink Star Diamond Ring was originally named Steinmetz Pink when it was publicized in 2003. This ring is close to the size of a small strawberry.
The ring is a 59.60-carat fancy pink diamond, one of the rarest.
In 2017, this Pink Star Diamond Ring was sold at auction for $71 million. It became the most expensive ring ever recorded.
Moreover, this diamond marks the rarest naturally occurring gemstone discovered in the De Beers mine in South Africa in 1999.
The original weight of this raw diamond is roughly 132.5 carats.
And you know what? The Steinmetz Group took 20 months to cut it into a perfect Pink Star Diamond.
Why was the Pink Star Diamond crafted and set into a ring?
According to the GIA (Gemological Institute of America), one of the most effective ways to enhance a diamond's beauty is to cut and polish the gemstone, and then set it into a ring. This process makes diamonds appear more intense and vibrant.
Additionally, it is crafted into a ring for commerce and investment purposes, as well as for security and wearability.
When a diamond is polished and crafted perfectly, its value appreciates compared to the raw diamond.
Why is the ring expensive?
One common reason why diamond value is higher than other gemstones is its rarity.
The Pink Star Diamond is so rare that even miners years ago tried their luck to dig, hoping to mine diamonds of the same size.
But because of its rarity, they failed to mine one, as the yield of pink diamonds has decreased.
Moreover, in November 2020, the activity of pink diamonds became more limited when the Argyle Mine in Western Australia, the primary source of 90% of pink diamonds, was fully shut down.
2. The Williamson Pink Star Diamond Ring
The Williamson Pink Star Diamond ring was mined at the Williamson Mine in Tanzania and weighed 32.32 carats.
In August 2022, the Williamson Pink Star Diamond Ring was publicized before it was toured and sold at auction.
This diamond ring weighs 11.15 carats and is cushion-cut.
The Williamson Pink Star Diamond Ring sold in a single-lot auction at Sotheby's Hong Kong on October 7, 2022, for $57.7 million.
This makes the ring one of the world's most expensive diamond rings.
Why was the Pink Star Diamond crafted and set into a ring?
Commerce, branding, and investment are some of the few reasons the Williamson Pink Star Diamond was crafted.
The Diacore company bought the 32.32-carat rough diamond in 2021 for $13.8 million. They cut and polished it into a fine, perfect 11.15-carat cushion-cut diamond and later sold it at auction for $57.7 million, which is roughly 4 times the original price.
Why is the ring expensive?
One of the main reasons this Williamson Pink Star Diamond ring is so expensive is because of the rarity of its diamond. According to the Gemological Institute of America (GIA) website, this ring is graded a “Fancy Vivid Pink” diamond.
Meaning, only 3% of all diamonds submitted to GIA are colored, and fewer than 5% of those are pink.
So, that makes the Williamson Pink Star Diamond ring expensive.
3. The Oppenheimer Blue Diamond Ring
The Oppenheimer Blue Diamond ring is believed to have been mined by a famous mining group known today as the Cullinan Mine in Africa.
When it was first mounted, this blue diamond was approximately 14.71 carats. Later, in 1999, it was sold to an anonymous buyer. This diamond was then slightly recut and repolished. With this process, the diamond became fine and now weighs 14.62 carats.
On March 16, 2016, Francois Curiel, the chairman of Christie's Asia Pacific and China, unveiled it to the public. Later, on May 18, 2016, it was sold at auction in Geneva for $57.5 million.
Why was the Blue Diamond crafted and set into a ring?
The primary reason the 'blue diamond' is set into a ring is to serve as a personal gift to Sir Philip Oppenheimer's wife, Pamela Fenn Stirling. It was designed as a ring so that his wife could easily wear it.
Maybe you're wondering why it was sold at the auction if it wasn't meant for commercial use; here are a few reasons.
When the couple died between 1995 and 1997, the blue diamond ring was passed to their family.
After 2 decades (20 years), the demand and market price of the blue diamond ring rose. So, their family decided to sell it at Christie's Auction House, and it sold for $57.5 million.
Why is the ring expensive?
Rarity, market demand, and historical significance are among the factors that made this blue diamond ring more expensive.
Natural blue diamonds are extremely rare and make up less than 0.02% of all mined diamonds, according to GIA.
Because it is rare, market demand is so high that it makes it more valuable.
Moreover, the ring has a personal history, as it was a custom-crafted gift for his wife and not for commercial purposes.
4. The Blue Moon of Josephine Diamond Ring
The Blue Moon of Josephine Diamond Ring is among the most expensive rings and was discovered in South Africa's Cullinan Mine in January 2014.
The diamond weighed 29.62 carats, and it was purchased by Cora International in 2014 for $25.6 million.
In June 2014, the blue diamond was cut and polished into a 12.03 ct cushion. Later, the Gemological Institute of America (GIA) graded this diamond as Fancy Vivid blue.
Cora International, which crafted and polished this blue diamond, named it Blue Moon Diamond because of its extreme rarity.
In November 2015, the Blue Moon Diamond sold at Sotheby's Geneva auction and was bought by Hong Kong multi-billionaire Joseph Lau for $48.4 million.
The Blue Moon Diamond was renamed The Blue Moon of Josephine, an honor for his seven-year-old daughter.
Why was the Blue Diamond crafted and set into a ring?
Craftsmanship and commerce were seen as the primary reasons this blue diamond was crafted and set into a ring.
When it was discovered in 2014, Cora International negotiated with the mining group and took it for $25.6 million.
The company spent 5 months studying the gemstone and took another 3 months before the cutting and polishing began.
Their process was successful and worthwhile because they sold the crafted and polished stone for $48.4 million, which almost doubled their total cost.
Why is the ring expensive?
The flawless quality and rarity of this Blue Moon of Josephine Diamond Ring make it more expensive.
GIA graded this Blue Moon diamond as Fancy Vivid blue and internally flawless. That means the blue diamond reaches the highest possible color saturation grade.
That's the reason this Blue Moon of Josephine Diamond Ring is one of the most expensive rings in the world.
5. The Graff Pink Diamond Ring
Originally, Harry Winston owned the 24.78-carat pink diamond before it was linked to Laurence Graff.
In the 1950s, Harry Winston sold the polished pink diamond to an anonymous jewelry collector. The private collector kept this gemstone for 6 decades.
However, on November 16, 2010, this Pink Diamond Ring appeared at auction at Sotheby's in Geneva, Switzerland, and sold for $46 million. Laurence Graff, an English jeweller and billionaire businessman, purchased this pink diamond ring.
5. The Graff Pink Diamond Ring
The Graff Pink Diamond Ring has been recognized for its elevated overall clarity and color among the others.
It has a 24.78 carat pink emerald-cut diamond linked in the name of Laurence Graff .
With its classic rounded corners, this fancy ring has an elevated overall clarity and color among the others.
More than just a stunning rarity of this gem, this ring is a natural wonder that will surely be remembered for centuries to come.
Why is the ring designed this way.
Unlike the others, this Graff Pink Diamond ring was purposely recut and elevated to be one of the rarest natural pink diamonds ever discovered.
Laurence Graff purchased and improved the stone to showcase a historic creativity.
The diamond was intentionally cut to showcase remarkable clarity more than to maximize the color intensity.
This rare transformation of a diamond marked a symbol of luxury and prestige
And you know what?
The price of this ring is $46 Million according to Only Natural Diamonds .
Why is the ring expensive :
One of the reasons why for its price is the
Since it is stressed that the ring was targeted to be known in the world by its intentional crafting features, this ring is definitely flawless from within.
Cut as an emerald-cut this was set in a platinum with two shield-shaped colorless diamonds flanking either side highlighting its unusual rounded corners.
The recut upgraded the color intensity to Fancy Vivid Pink and enhanced the internal clarity, making it rare and uniquely gorgeous in its form.
6. The Bleu Royal Diamond Ring
The Fancy Bleu Royal Diamond Ring ring was recognized as the largest internally flawless ring ever sold in an auction.
This 17.61 carats ring continues to dominate the world of Blue Diamonds due to its rare feature and enchanting vibe.
Due to its perfectly symmetrical pear shape, it gained appreciation from modern collectors.
Why is the ring designed this way.
This pear-shaped Bleu Royal was categorically unearthed to be stored as a personal collection by a private personality.
It has been declared as the second ultra-rare blue diamond to hit the auction with extreme pricing.
The pear-shaped cut perfectly blends in with the diamond’s symmetry.
The purity unflawed by its allure was aesthetically pleasing and definitely serves its purpose.
And you know what?
The Bleu Royal Diamond Ring was said to be priced at $44 Million according to Lifestyle Asia .
Why is the ring expensive :
The evident fancy vivid blue gem is among the rarest to have been unearthed in the World.
This was the first gem set in a ring flanked by a pair of pear brilliant-cut diamonds of 3.12 and 3.07 carats that was presented at an auction.
Also, the fusion of all its elements serves a dual purpose ; to be eye-catching, while protecting the internal features of the diamond.
7. Grace Kelly’s Cartier Engagement Ring
The iconic engagement ring gifted Grace Kelly was an ultimate ticket of fairytale romance.
Gifted to a prominent Hollywood actress, this classic 10.47-carat emerald-cut diamond ring is a real deal for engagement rings.
Not only the exceptional appearance it brings, but also the royal elegance that transcends time.
Why is the ring designed this way.
One common reason for crafting the ring this way is because of an affection built by both romance and elegance.
The cut allows the reflection of light to cater not just simple sparkles but large light flashes
This was the second precious ring that tied the love between Hollywood icon Grace Kelly by Prince Rainier III of Monaco
The popularity of Kelly matches the spark of this gem ultimately revealing her commanding aura.
And you know what?
This emerald-cut ring amounts to roughly $39 million, according to Natural Diamonds .
Why is the ring expensive :
One reason why it is expensive, aside from its love-driven purpose, is because of its massive, high-quality center diamond and historic royal provenance.
The glamorous jewelry’s worth even escalated when it appeared in Kelly's musical,” High Society ”.
It was mounted with baguette-cut diamonds, making it shine more at the center.
So this ring was top-tier when it comes to popularity.
8. The Eternal Pink Diamond Ring
The record breaking Eternal Pink Diamond Ring has always been praised and had a special reputation due to its extraordinary value and rarity.
The Vivid Purplish Pink Diamond has a 10.57-carats weight and is a precious gem mined in Botswana .
Also, this diamond rose to prominence after getting a distinction of being one of the highest prices per carat ever achieved for any diamond at the time.
Why is the ring designed this way.
One of the reasons why the Eternal Pink was presented to the public is because upon it tis because it became the benchmark of rarity in all the following gems after it.
It has a unique quintessential pink that pounds a quotable distinction among the other diamonds.
This masterpiece has made a lasting impression and stands above almost any that has come before.
And you know what?
The price of the Eternal Pink Diamond Ring is $34.8 Million, according to Only Natural Diamonds .
Why is the ring expensive :
This ring captivates viewers through its unmatched color and shiny appearance.
The pink diamond is flanked by two smaller trapezoid-shaped white diamonds.
Also, It was enhanced continuously for over six months at Diacore to maximize its brilliant hue.
So, this masterpiece has made a lasting impression and stands above almost any that has come before.
9. The Bulgari Laguna Blu Diamond Ring
This Bulgari Laguna Blu Diamond ring has been recognized as the highest and rarest classification for blue diamonds by Gemological Institute of America (GIA) .
This 11.16-carat unmodified pear cut Vivid Blue Gem was the most valuable gemstone ever sold by Bulgari.
Why is the ring designed this way.
The Bulgari Laguna Blu Diamond Ring was originally crafted for a private collector in Europe.
This is the reason why it is not made to be sold commercially, but to be a keepsake initially.
This gem was unmodified to preserve its carat count and retain its value.
With these, the commissioned gem has been with a European family for 50 years before it has been sold.
And you know what?
This ring costs over $25 Million according to Only Natural Diamond
Why is the ring expensive :
According to Gemological Institute of America (GIA) this has the the highest and rarest color grade for a blue diamond ,
A jewelry is valuable as it is, but becomes more expensive when worn by a prominent personality.
In the 2023 Met Gala, Bulgari global ambassador Priyanka chopra jonas boasts the Laguna Blu Diamond Ring as a centerpiece of her wreath-inspired outfit.
Eventually, It was put to sale months later and immediately captured the public's eye.
10. Mariah Carey’s Engagement Ring
Last on the list was Mariah Carey’ s Emerald Cut Engagement Ring was one
It was custom-crafted by Wilfredo Rosado (Mariah's friend) as a memorable gift for her.
This exceptionally large 35-carat emerald cut diamond ring is a piece of high-end luxury branding, making it so ahead from the other quality emerald-cut diamonds.
Why is the ring designed this way.
Thi emerald cut diamond was intentionally crafted by Rosado to be a remarkable accessory of Mariah Carey’s tying knot with James Packer.
This legendary gem was customized to impress the people and boast about its genuine symbolism of love.
So it is definitely not made to be sold, auctioned, or collected.
And you know what?
According to The Engagement Ring Bible , it costs $10 Million (Historical Value)
Why is the ring expensive :
This epic ring symbolizes the epic moment of Mariah Carey ’s life.
This massive high-clarity grade emerald cut diamond matches Mariah's flashy career, having its color tints much easier to see.
The ring was set in the platinum ring, which includes sleek tapered baguette side stones to accent the enormous center rock .
However, the fallen love between the couple has led to the ring being sold to a private jeweler .
