Colored diamonds have been steadily growing in popularity for the last ten years. Demand for the rarest colors continues to rise, as the general public seeks some remnant of the fancy stones. When auctioneers in New York held the Magnificent Jewels Auction, the highest bid of the evening was received for a flawless yellow diamond ring.The 36.99 carat yellow diamond of oval shape was featured on the cover of the program for the famous auction. Celebrities and international royalty attended the event to bid on several impressive jewels available.
The impressive yellow oval diamond ring is framed by two diamonds totaling more than 6 additional carats. These individual side gems are more than most can even hope for! They provide the perfect setting for the GIA certification that the nearly 37 carat center stone is internally flawless.
This ring was expected to bring between $2 and $3 million. The winner of the impressive bauble entered a final bid of $2,658,500. Some of the other high-dollar items in the auction did not sell, though sales from the event totaled more than $20 million, proving a worthwhile event.
Naturally colored diamonds are extremely rare. However, colored varieties of the typically colorless stone are very popular this year. Yellow is actually one of the most highly desired versions of colored diamonds.
Tom Cruise gave his wife, Katie, a 5 carat yellow diamond engagement ring when he proposed in Paris. Seal gave Heidi Klum a $150,000 ring composed of a 10 carat, cushion cut yellow diamond. Tom Brady was recently witnessed considering purchasing a 5 carat yellow diamond for his new fiancé, Gisele Bundchen.
Most of us don’t have the budget for a naturally colored diamond. However, a more affordable alternative is available with treated diamonds. These diamonds are exposed to extreme heat to generate various colors.
This method enables white diamonds to be converted to yellow, black, brown, pink, green and blue. Most colored diamonds on the market today are created in this manner.
To find a truly natural colored stone is quite rare and contributes to the exorbitant values placed on the jewels. A treated white diamond would never match the worth of the yellow auctioned stone, regardless of whether it was also flawless or not.
Many bridal jewelry trends commence with what we see donning the rich and famous in films, on the red carpet and in everyday life. Yellow and pink stones are becoming quite popular in modern bridal sets and designs.
Fancy cuts are also quite popular, and oval is a much-sought-after shape. Oval, cushion, princess, heart, rose and trillion are just a few examples of fancy cuts available.
Typically, most budgets can only afford either a colored gem or a fancy cut. However, artificial coloring methods can make fancy engagement rings attainable for the general public. Of course, it’s important for jewelers to provide full disclosure about any treatments that a stone has had. For some, only a natural untreated diamond will do, even if that means they can’t afford a fancy colored stone. For others, the exciting style is the goal, and treated diamonds can provide the look at a much more affordable price.
Finding an internally flawless diamond of any cut, color or size is also extremely rare. It is sometimes easier to find a smaller version which is flawless or near flawless. This is because of the great variances encountered in natural diamonds.
When choosing an engagement ring or piece of special jewelry for investment purposes, all of these factors should be addressed. If flawlessness is most important to you, then by all means make this your determining factor.
However, if you prefer your friends to be able to see your ring from across the room, you may have to sacrifice some perfection.
Multiple stones in one piece of jewelry, as well as combining various fancy cuts and colors, is also reflected in the auction ring. The oval diamond, flanked by trillion-cut stones, knows no boundaries.
Typically, the larger a stone is, the more likely it is to possess flaws. This is why a flawless diamond will bring more than $2 million at auction! Very few diamonds sold at auction of this size have ever been touted as “internally flawless“. This may be why so many attendants were seen at the sale.
Even smaller versions of a similar style can be quite eye-catching. Combining an oval yellow diamond with pink trillions creates a unique engagement ring she won’t soon forget, and her friends will inquire about any single relatives you may have!
Determining what special and trendy characteristics are most important to your engagement ring will help you to narrow the field of choices. It is also quite popular today to add a special inscription on the inside of the band once you choose the perfect ring. This inscription may simply state “I love you”, “forever”, “darling”, or a message that only the two of you understand.