Mike Fried has written hundreds of articles and helped answer more than 30,000 emails from our readers. Mike followed that up by spending years buying and selling diamonds on the wholesale market as well as selling tens of millions of dollars worth of diamonds to diamond retailers. Mike started from the bottom, sorting and evaluating hundreds of thousands of diamonds to learn every facet (pun intended) of diamond quality and value. The author of this article, our CEO, Mike Fried has over 20 years of experience in the diamond industry. To help you with the diamond buying process we lean on our expertise and experience. Even much smaller red diamonds carry a significant price tag, often as much as $1 million per carat. The largest known red diamond, the Moussaieff Red Diamond, weighs 5.11 carats, and has an estimated worth of $20 million. Their extreme rarity means almost all red diamonds are less than one carat in weight. According to JCK Online “for 30 years (1957–1987) the Gemological Institute of America graded none (red diamonds) with the pure color.” Only a handful of pure red diamonds are found each year. Of these areas, the Argyle mine in Western Australia is responsible for several famous red diamonds.
Africa, Australia, Brazil and India are the areas known for having produced red diamonds. A red diamond is a pure carbon gemstone, featuring none of the chemical impurities that create other kinds of colored diamonds. Red diamonds are the rarest and most unique type of fancy colored diamond. Ask your diamond purchase question here.Popular Jewelry Settings for Red Diamonds.
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