Diamonds that sell at auction are in a class of their own. They carry a story and a history. Like a piece of fine art, diamond collectors bid for heirloom diamonds and gemstones.
When people talk about diamonds they often talk about the facts:
“Diamonds take billions of years to form,” “diamonds are independently graded by laboratories,” or “diamonds are the hardest substance on Earth.”
So, why do some diamonds can sell for so much more than others at auction?
When they are sold, and then sold again, they continue to increase in value. The size of these diamonds often far exceeds the average size found in engagement rings.
While the average is around 1.18 carats, here are some diamonds that dwarf that size, and the stories behind them: