It broke the global record for the largest fancy bright orange diamond. It also established a world record per carat for any colored diamond sold at auction, at $2,398,151.
The diamond was purchased by an unidentified buyer from India who has not been publicly identified. It will be presented to the Indian government as a gift from the seller.
Diamonds are a rare form of carbon with only one carbon atom in its crystal structure. They are considered the hardest substance in the world. A human skull is made up of about 70% water and is therefore significantly harder than a diamond. However, a diamond can be made more flexible by including other elements in its structure. For example, nitrogen makes diamonds more resistant to heat, acid, and electricity.
Orange diamonds are composed mainly of carbon with some small amounts of nitrogen and oxygen. The color comes from iron atoms incorporated into the crystal structure. Although red and pink diamonds are common, orange diamonds are less so. There have been several diamonds that have been called "orange," but most were actually dark brown or black.
The rarity of orange diamonds may be due to their formation conditions. Most diamonds are found in Earth's crust near metal deposits. When volcanoes erupt, they often eject large amounts of carbon dioxide into the atmosphere.
The kind of color and the intensity of this color are thus the initial value criteria for colored diamonds. A 0.95 carat Fancy Purplish Red (extremely intense red) round brilliant diamond sold for $880,000.00, compared to $17,000.00 for a 1 carat round brilliant diamond of the highest grade (D FL).
There are four main categories of color in diamonds: white, yellow, brown, and red. White diamonds are most rare; they make up less than 1% of all diamonds. Brown diamonds are next in frequency at 10-15%. Yellow diamonds are the most common type of diamond; they account for almost 90% of all diamonds. Red diamonds are the most intense color of diamond; they make up only 1-2% of all diamonds. Pink, or slightly red, diamonds also account for 1-2% of all diamonds.
The color of a diamond is determined by the concentration of carbon atoms that have been altered by radiation from deep within the earth. These altered atoms form color centers within the crystal that interact with light to give rise to the diamond's color. The more color centers present in a diamond, the deeper its color will be. While colorless diamonds can exist, they are extremely rare; the majority of diamonds have some degree of color.
Diamonds can also be classified by degree of purity. Included among these grades are fancy rough, cut stone, natural, and lab-created. Purity increases as depth of color increases.
The current assessed value of a one-carat diamond (US) ranges from $1,910-$15,650, with a suggested average value of $4,280. That's more than double the assessed value of silver!
Crowns and other jewelry are the most common uses for diamonds. They make beautiful decorations that catch the eye and spark interest. A diamond can also be used to cut other gems into shapes that cannot be achieved otherwise. It was once thought that only the rich could afford to wear jewelry, but today's diamond market shows that this is not true. There are many different styles and types of jewelry that can be made from diamonds.
Diamonds are the hardest natural substance on Earth. This property makes them useful for cutting other materials, such as wood or gemstones. Although diamonds are valuable, they are also fragile. The same properties that make them desirable products also make them dangerous if handled improperly. Diamonds are subject to damage from chemicals, heat, and friction so they must be kept away from sources of heat and acidity or else the quality will be affected.
When you mine diamonds using the default settings in Minecraft, you will usually get between 0.5 and 1 diamond per block of dirt.
At over $3,500 per carat, a beautiful pale yellow diamond is an excellent buy. The next step up is fancy yellow diamonds, which cost between $4,500 and $5,000 per carat. Fancy bright diamonds may cost up to $18,000 per carat and are extremely uncommon.
Brilliantly cut white diamonds are the cheapest form of jewelry stone. They can be bought for less than $100 per carat and sometimes even cheaper. As the price of colored diamonds increases, so does the quality of the color. Colors include pale yellow, orange, pink, red, and brown.
The color of a diamond is an indication of its quality and value. The brighter the color, the higher the quality. It is normal for colored diamonds to have similar values as white diamonds of equal size. However, larger colored diamonds are possible but rarely found. Colored diamonds that are too dark cannot be seen with the naked eye, although they can be felt under your finger tips. These special dark diamonds are called "black diamonds" and are only found in small amounts. Their value ranges from $10,000 to $150,000 per carat.
Even though black diamonds are rare, they do exist. Due to their high value, black diamonds are protected by law. Diamond dealers must be licensed by state authorities and are not allowed to sell diamonds that weigh more than 4 carats (or 40 millimeters).