Check Out This Extremely Rare Red Diamond

How about that for a unique engagement ring?

While we are most familiar with white diamonds and have been made to believe they are rare and valuable, that’s not exactly the truth. White diamonds are the most common and one of the least valuable forms of this gem. Red diamonds are in fact far more rare, far less commonly sold and far, far more valuable than any other diamond, no matter how perfect it may be.

Red diamonds are often found in the same region as pink diamonds. The Rio Tinto operated Argyle mine in Western Australia produces 90% of the world’s supply. Since 1984 they’ve produced less than 20 carats of fancy red diamond, and most samples are well under 1 carat in size. See? Told you they were rare.

Rio Tinto shows off their best specimens of the year at an annual showcase known as the Argyle Pink Diamonds Tender. This year, they pulled out all the stops with a fantastic stone called the Argyle Everglow. It’s a 2.11 carat red diamond, polished into a radion cut and rated VS2 by the GIA. Collectors from all over the world come to this showcase, and it’s a safe bet that they’ll all be clamouring for this beauty.

Oh yeah, and the Argyle mines will be depleted in less than 5 years, so it’s quite possible that the Argyle Everglow will be the last truly great gemstone this mine produces. For that reason, it’s expected to fetch several million dollars. Collectors will make private bids in an attempt to own the gem – we’d love to be a fly on the wall in that room!