Large diamonds are very rare and valuable things that represent wealth and prestige. Often seen as part of a vintage jewelry collection, there are a few large examples in museums and many people purchase diamonds for investment purposes as they only seem to gain value over time. Unlike stocks and bonds that fluctuate with the economy, diamonds are highly prized symbols of love and power.

Many kings and queens have owned large diamonds that have been mounted in crowns and scepters. The ancient pharaohs thought diamonds to hold magical powers and used them for rituals and other odd circumstances. Purchasing a large diamond at auction can be a very thrilling experience. Since diamonds are so individual, it is a sight to see a large diamond offered from an estate sale. Such is the case with the recently offered 32.01 carat emerald cut diamond that was recently offered by Christie’s, which sold for $7.6 million.

This diamond was previously owned by billionaire Leonore Annenberg. The diamond itself is about the size of a walnut and is set in a beautiful ring designed by David Webb, a prominent Manhattan jeweler. The diamond was estimated by Christie’s to sell for between $3 million and $5 million, but fetched an outstanding sum due to its rarity and overall beauty. Large diamonds of this quality are hard to find and even harder to purchase due to the loyalty of owners.

Once you invest in a diamond of this size and beauty, you would find it difficult to part with and those who do are usually looking for more money than the diamond is worth due to their attachment to either the diamond itself or the jewelry in general as many have been in families for generations. This diamond was originally purchased for Annenberg for her 90th birthday. Unfortunately, she passed away at the age of 91 and this diamond came up for auction allowing someone else to enjoy its beauty.