Color Diamonds in the Auction HouseSotheby's and Christie's, two of the most famous auction houses around, have sold many impressive Color Diamonds including dozens of record-breaking stones. In just the past six years, a total of fifteen price records were set and broken. Despite the quality and sizes of the stones sold, even the experts in the field were floored by the results realized.
The first example is all Fancy Intense Pink Diamonds relatively close to one another in size.
- In 2003, a Fancy Intense Pink 3.58-carat diamond was sold for USD115,000 per carat.
- In 2007, a Fancy Intense Pink 3.86-carat diamond was sold for USD390,000 per carat.
- In 2010, a Fancy Intense Pink 4.59-carat diamond was sold for an amazing USD625,000 per carat.
The second example is Fancy Vivid Blue Diamonds all relatively close to one another in size.
- In October 2007 a 6.04-carat Fancy Vivid Blue Diamond sold for $1.32 million per carat.
- In May 2008 a 3.73-carat Fancy Vivid Blue diamond sold for $1.33 million per carat.
- In May 2009 a 7.03-carat a Fancy Vivid Blue diamond was auctioned for $1.35 million per carat.
Furthermore, the highest prices ever paid for a diamond at auction were both colored stones. The Wittelsbach Graff, a 31.06-carat Fancy Deep Blue, internally flawless stone was sold for $24.3 million and the Graff Pink, a 24.78-carat Fancy Intense Pink, potentially Flawlwss diamond sold for $46.1 million.
Clockwise from top: The Delaire Sunrise, The Wittelsbach-Graff, The Graff Pink, The Blue Ice, The Magnificence, The Flame, The Graff Constellation, The Graff Sweethearts
Image credit: www.graffdiamonds.com
Price Performance of Commonly Traded Colored DiamondsThe colored diamonds has had the pleasure of owning over the years have seen mind boggling numbers. The prices these more commonly traded stones have sold for can give you some perspective in terms of diamond investments the average person would make.
- Ten years ago, in 2003, a 0.50-carat Fancy Intense Pink diamond was priced at roughly $30,500 per carat.
- Five years ago, in 2008, that same diamond was already at $50,000 per carat.
- Prices have continued to increase since leaving us today at $145,000 per carat.
2003 - $30,500 p/c, 2007 - $50,000 p/c, 2008 - $63,000 p/c, 2009 - $80,000 p/c, 2010 - $90,000 p/c, 2011 - $115,000 p/c, 2012 - $130,000 p/c, 2013 - $145,000 p/c
Now let's take a look at yellow diamonds:
- Ten years ago, in 2003, a 2.00-carat Fancy Intense Yellow diamond with a VS+ clarity grade cost $5,000 per carat.
- Today, that same stones goes for $13,500 per carat.
2003 - $5,000 p/c, 2007 - $8,250 p/c, 2008 - $9,200 p/c, 2009 - $10,250 p/c, 2010 - $11,000 p/c, 2011 - $12,300 p/c, 2012 - $12,900 p/c, 2013 - $13,500 p/c
Color Diamonds Vs. Colorless DiamondsBefore Fancy Colored Diamonds were recognized for their investment potential, some investors looked towards colorless stones as possible investment opportunities. As with all diamonds, colorless diamonds are assessed by the same diamond characteristics (the 4Cs), but it is not enough for a colorless diamond to receive a high grade in all four categories. In order for a colorless stone to see a serious price appreciation it must be an extremely large exceptional stone.
If you look at the colorless diamond's appreciation over the past few years you can see that although they are versatile, the price has increased by 35%. In January 2006 a 1.00-carat colorless diamond stood at $8,000 per carat and less than a year ago sold for slightly under $11,000. This is after it hit a peak where a 1.00-carat diamond was worth over $13,000.
The common denominator among all of these examples is that the value of Color Diamonds has constantly been rising. Not only has their value increased, but significantly, and quite rapidly as well. When compared to colorless diamonds, the numbers of colorless stones pale in comparison. Color Diamonds are so rare and the demand for them is extremely high and only increasing with time. The numbers don't lie, and the pattern has been solid and steady enough to declare that there is an obvious trend of positive appreciation for Color Diamonds and will hopefully continue to be for many years to come.