There are some very famous blue diamonds that fascinate those who understand the true value of these magnificent stones. Some of these blue diamonds have become very famous because of their unique color and their weight. Famous people have owned some of the most treasured of the blue diamonds.

The blue diamonds are known by their names to many who understand the true value of these gems. One of the famous blue diamonds is called “Queen of Holland” and another is known as “Blue Empress”. They come in different shapes including pear shaped and octagon shaped, and the some of famous blue diamonds weigh as much as 140 carats!

They also come in a wide range of hues – there are at least 6 different shades of blue. The shade of the diamond is usually a matter of preference for those looking for special colors in the diamonds that they buy.

Blue Diamonds can be Valuable Investments: There are very few blue diamonds available out there, and their owners rarely want to sell them. So if you come across a blue diamond on sale, please be very alert for a fake.

When owners do sell them, it will be very expensive. They are studied extensively before any cutting is begun. The stones are usually cut by experts because of the value of the stone and the cut must enhance the natural beauty of these wonderful gems. The cut of these valuable gems is especially important for large, colored stones.

One of the largest of the famous diamonds with a blue color is called the “Regent Diamond”. This precious gem has a long and glorious history which began when it was discovered in India at the beginning of the 18th century. It is one of the many precious gems that were taken away from India in the 18th and 19th century. It was first sold for 5000 dollars and is now priceless. The owners once used this magnificent diamond to support the efforts of Napoleon Bonaparte of France. It was then used by Marie Antoinette and stolen by the Nazis during World War II. It is now supposed to be in a museum, though I am not sure about it yet.

Diamonds have a mystique about them; they are stunning to look at, they are cut beautifully to enhance any piece of jewelry, and when the sun catches them, they flash like miniature suns. However, if you are planning a diamond purchase, you need to know the truth about diamonds. All TV ads that portray diamonds as the ultimate gift of love, and magazine ads that tell us that a diamond is the only gem that is the perfect gift can mislead us. The truth about diamonds is a little more complicated than this image – and this note is to help you get more clarity.

Learning the Truth about Diamonds

Please read this basic info about diamonds before you take out your credit card.

First, make sure what you are purchasing is really a diamond. This is especially true of diamonds sold on eBay and estate auctions!! Before you buy, insist that a certified gemologist examine the gemstone. This is certification will tell you the stone’s carat weight, its color and clarity, and its flaws, if any. A seller who will not do this for you may not be telling the truth about the diamond you are hoping to purchase.

What looks like a diamond is not always a diamond. In the Depression era, many people were too poor to buy a diamond. Instead, rings made of fine crystal served as engagement rings. If you happen across one of these rings, the seller should inform you of its true composition. Crystal jewelry from the Depression years is quite beautiful, but make sure you know the truth about this diamond “substitute.”

Similar to the crystal jewelry of the past, cubic zirconium is quite lovely; only a gemologist can tell the difference between a diamond created by nature and a diamond created in a laboratory. The truth is that they are both diamonds; one is natural and one is artificial. So once again, just make sure you know what you are buying.

Another myth to keep in mind is that many diamonds are not clear stones. The gem’s physical and chemical make-up is what determines a diamond, not the color. Created by untold years by nature from carbon molecules, diamonds can be any color in the rainbow. The truth about these diamonds is not that they are “trash” diamonds as some believe, but are stunning in color and clarity. One of the most beautiful diamonds in the world is a large violet diamond bought by the late Richard Burton for the love of his life, Elizabeth Taylor, to match her eyes.

You may come across a rare diamond that has a tiny carbon fleck embedded in its center. The truth about these off-color diamonds is that they are not “junk stones.” On the contrary, many diamond collectors find this black carbon fleck fascinating and valuable. It serves as a reminder that diamond gems were once embedded in the earth, made from ancient carbon. They are treasures of the earth to be appreciated for their history as well as their beauty.

Diamond Structure: Diamonds having a perfect carbon crystal lattice without defects or substitutions are colorless. Such diamond has a large band gap–meaning that the energy required to free an electron so it can move through the diamond lattice is high–and therefore is an excellent electrical insulator. Diamonds of all colors of the rainbow can be found here at Crater of Diamonds, but the three most common colors unearthed by park visitors are white, brown and yellow. Diamonds could mean frictionless medical replacement joints. Or coatings — perhaps for cars — that never scratch or wear out. Cut refers not only to the shape of the diamond, but its proportions and finish, factors that influence the final cost of the diamond. Diamonds deliver the most intense flashes and variety of colors to the eye when properly cut of any of gemstones. Cut is omitted and all diamonds are assumed to be of a good cut.

Diamond prices are subject to change based on current market conditions and are updated at least every 30 days. Diamond prices are expected to hit new highs over the next 12 months as the great divide between supply and demand widens. Prices would increase by up to 10% over the next year as the industry attempted to “balance the market”, according to respected international diamond expert, South African-based James Allan, Principal of Allan Hochreiter finance group. Diamond prices online can vary greatly depending on the market you are attempting to sell in or to. They can also vary depending on the brand name of the jewelry you are attempting to sell. Diamond prices aren’t like other commodities, diamonds have been hit by the global downturn as consumers have cut back on luxury items.

Buy diamond jewelry only from reliable stores that offer diamond guarantees that are free of charge. Should you lose or break a diamond under normal conditions, they will repair or replace the diamond at no cost to you. Jewelers and internet sites that claim similar pricing are often simply playing with the numbers. They use terms and phrases that sound like inside diamond dealers lingo, often claiming to sell at “wholesale” directly to the public. Jewelers have lights mounted on their wall in such as way that a even a poor cut diamond looks very bright. Ask your jeweler to turn the light off. Jewelers within our network have been approved and are the most dedicated in providing you the consumer with total satisfaction.

Global Diamond Trade: China’s imports of diamonds rose more than threefold in the first half of 2007, according to the July issue of the diamond industry publication Rapaport TradeWire, fuelling a rise in diamond prices of 8.4%. De Beers concurrently stated that it expected “very strong” jewelry demand in China and India to boost prices; India’s diamond imports rose 14% in Q2. China had adopted a secret policy to stockpile metals like copper and gold during recession and increase its stocks. In that way China has been using the price-crash to its benefit. Japan is the second largest market, after the United States, for the sale of diamond engagement rings.

Diamond Resources: GIA has done a great service by providing the public with a metric to compare Diamonds and by extension Diamond prices from different suppliers, jewelers, dealers. AGS (American Gem Society) follows the guidelines set by the GIA when they issue their certificate, as do all reputable labs. GIA is the creator of the famous 4Cs of diamond value and diamond grading system. GIA is not affiliated with any retailer, wholesaler, or manufacturer.

Here are some interesting notes:
The Moussaieff Red Diamond is considered as one of the largest fancy red diamonds in world. This piece of precious stone was first discovered by a Brazilian farmer sometime in the middle of the 1990s and was first purchased by the William Goldberg Diamond Corporation. When it was first cut, this diamond was named as the Red Shield but when this piece of precocious stone was later own bought by Moussaieff Jewelers Ltd, the company gave named it the Moussaieff Red.

This 5.11 carat diamond was said to be internally flawless, making it one of the most expensive red diamonds of all times. How much did Moussaieff Jewelers Ltd paid for this diamond? The famous Moussaieff Red diamond was rumored to have been sold at about $8 million in the 1990s. Experts believe that the value of this diamond has tremendously increased since then that this piece of precious stone could easily fetch in a price more than $10 million dollars.

The De Young Red is a 5.03 carat red diamond and is considered as the third largest in the world. This diamond is not really pure red. This stone has a slightly brown hue which makes it look like a fine garnet that ruby-like. Since this diamond has very unique color, this was once sold at an estate sale as a red garnet. Luckily, this fine piece of precious stone was later on recovered and identified to be a very rare red diamond. At present, the De Young Red is under the custody of the Smithsonian Museum in Washington, DC and often figured in exhibits in that museum. If you are interested to see The De Young Red, just visit the Smithsonian Museum in Washington, DC.