Most Rare Gem: The Red Diamond

When it comes to deciding which gem is in fact the most rare gem the diamond industry leads in the chorus of voices claiming that their gems are indeed the ones that are the most rare gems. Though many would argue that diamonds are found in so many quantities that they will not qualify as being the most rare gem there are nevertheless certain types of diamonds that are very scarce and so can qualify as being the most rare gem.

Not Necessarily The Largest

The most rare gem need not necessarily be the one that is the largest in size even though such gems will generally be very scarce in quantity. However, what helps experts decide as to which the most rare gem is the kind of the gem and in particular kind of diamond – since diamonds are often touted as being the most rare gems.

Diamonds that are of different colors including blue and pink and yellow and green are very rare though to be called the most rare gem you will need to consider only the red diamond as being worthy contender. The plain truth is that there are at present no more than twenty to thirty such diamonds on this planet though many of these are no more than half a carat.

To judge whether the red diamond is truly the most rare gem you need only look at what price such diamonds fetch. In the year 1989, a pink diamond of 7.27 carats fetched an astronomical price of one hundred and twenty-seven thousand dollars which was a record that was later (in the year 1987) shattered when the 0.95 ct. Hancock Red diamond fetched an even more astronomical price of nine hundred and twenty-six thousand dollars per carat.

This record was only recently shattered in November of 2007 when at an auction at Christie’s in the Swiss city of Geneva a purple-red ring of 2.26 carat fetched approximately 2.6 million dollars or a price of 1.15 million dollars for a single carat. In terms of size, the most rare gem, a 5.11 ct. red diamond called the Moussaieff Red Diamond is without a doubt unbeatable.

Becoming a rare gem investor can help you become rich provided you know how to locate rare gems at low costs and then sell them at a higher cost. It also means know how to find a ready clientele for your rare gems and to understand that these gems generally will never depreciate and so will always fetch a good price.