Diamond is one of the most sought-after gemstones when it comes to rings and other jewelry pieces. While all of them are mined from the Earth, not all diamonds are made equal. The rarest ones are those large in size or with extraordinary color and clarity. And if a diamond is rare, it also means that it is very expensive.
Many women are into diamond rings. This is why diamond is also very popular when it comes to engagement rings and wedding rings. It is also known to be expensive. Over the years, a lot of diamond rings have mesmerized gemologists and shattered diamond price records. If you are wondering how much the most luxurious diamond ring costs, you’re in the right place. Today, we are giving you a list of the most expensive diamond rings of all time.
1. Wittelsbach-Graff Diamond Ring ($80 million)
The most expensive diamond ring in the world is probably the Wittelsbach-Graff Diamond Ring. This diamond ring was discovered in the 17th century in the Kollur Mine in India. It is a deep-blue diamond with internally flawless clarity. In 2008, the Wittelsbach Diamond was purchased by Laurence Graff for £16.4 million. In 2010, he revealed that he had the diamond cut by three diamond cutters to remove its flaws. Today, it is now more than 4 carts or 800mg lighter and was renamed the Wittelsbach-Graff Diamond Ring.
2. Pink Star Diamond Ring ($71.2 million)
The second among the most expensive rings of all time is the Pink Star Diamond Ring. It is a 59.60-carat pink diamond set into a ring of truly remarkable proportions. This ring was the largest Internally Flawless Fancy Vivid diamond ever graded by the Gemological Institute of America or GIA. It was bought by Isaac Wolf, a diamond cutter from New York. He then renamed it The Pink Dream. However, based on Forbes magazine, the auction price of the ring was not settled by the buyer, and it was again added to Sotheby’s inventory.
In 2017, it was snapped up for $71.2 million at Sotheby’s Hong Kong. Aside from being one of the most expensive diamond rings of all time, it is also the most valuable gemstone ever sold at an auction.
3. The Oppenheimer Blue Diamond Ring ($50.6 million)
The Oppenheimer Blue Diamond is a 14.62-carat vivid blue diamond ring. It became the most expensive jewel ever sold at auction in 2016 until 2017, when it was surpassed by the Pink Star Diamond. Its name was for its previous owner Philip Oppenheimer. The diamond is cut into a rectangle or emerald cut. It is the largest fancy vivid blue diamond ever sold at auction as classified by the GIA. It was sold at Christie’s in Geneva in 2016 for $50.6 million. There were two bidders who competed for it, but the identity of the purchaser was not known.
4. Graff Pink Diamond Ring ($46.2 million)
This is a rare 24.78-carat pink diamond mounted on a ring. It was once owned by Harry Winston, an American celebrity jeweler. In 2010, it was sold by Sotheby’s auctioneers in Geneva, Switzerland. Before its sale, it was expected to enter the list of the top 10 most expensive diamonds in the world. It was sold in the US for $46.2 million, which made it become the most expensive single jewel ever sold at auction during that time. It was purchased by Laurence Graff, a diamond dealer of Graff Diamonds, and named it the Graff Pink.
5. Cullinan Dream Diamond Ring ($25.4 million)
The Cullinan Dream is a blue diamond ring that went under the hammer at Christie’s New York in 2016 for $25.4 million. It is the largest fancy intense blue diamond to ever appear at auction. It is a gorgeous rectangular mixed-cut stone placed on a platinum ring. It also features baguette-cut diamond side stones. This diamond comes from the South African mine of the same name, and it is the largest of four gems cut from a 122.52-carat rough blue diamond that was excavated in 2014.
6. The Winston Blue Diamond Ring ($23.8 million)
The Winston Blue is the largest flawless, vivid blue diamond, and it was purchased by Harry Winston, Inc. in 2014 for $23.8 million at Christie’s Geneva Magnificent Jewels sale. However, the original owner of the ring was not known. It is a 13.22-carat diamond priced at about $1.8003 million per carat. In the auction, the diamond was called The Blue. It was renamed The Winston Blue by Nayla Hayek, CEO of Harry Winston Inc. after it was bought.
These are the highest-priced diamond rings of all time. It’s amazing to know that the most expensive rings out there are set with colored rather than colorless gems. With this, we can say that there’s a strong demand for high-quality colored diamonds. Blue and pink diamonds are some of the rarest diamond colors in the world. No wonder they are very expensive.