The value of a diamond is determined by the Four Cs: Cut, Color, Clarity and Carat weight.
I1-I2-I3 (Imperfect): Inclusions visible to the unaided eye
Carat is the standard unit of measurement used to determine a diamond’s weight. One carat consists of 100 points, so a 50-point diamond equals a half carat, or 0.50ct. It is important to remember that although two diamonds may have the same carat weight, their color and clarity may be different, thus determining each individual stone’s value. Additionally, since larger diamonds are more rare than smaller diamonds, diamond value tends to rise exponentially with carat weight. A 2.00ct diamond is more valuable than two 1.00ct diamonds.
More About Diamonds
The most precious of all gems, diamonds have an incredible rarity factor. It takes a minimum of one million diamonds to be mined in order to find a 1.00ct gem-quality diamond, so each 1.00ct quality diamond is literally one in a million. Making them even more incredible, the mining of diamonds requires moving and sifting 250 tons of the Earth’s crust to find just one diamond. Mining companies literally move mountains to find diamonds.
Diamonds have the longest endurance of any substance known on Earth. Carbon dating has established that diamonds, on the average, are 3.4 billion years of age. They consist of pure carbon and there is no chemical difference between them and carbon powder (the lead pencil center). Obviously, however, the physical difference between carbon powder and a diamond is fascinating. Diamonds are created from a basketball-sized piece of pure carbon that becomes white-hot. It is squeezed to the size of a small pearl, turning from black to clear in the process and becoming the hardest material known to humans, ranking a 10.0 on the Mohs Scale . Because they are so hard, diamonds can only be ground and polished by using diamond dust that has been ground from other diamonds.
Diamonds are found in a rainbow of colors. The value of a fancy-colored stone depends largely on the rarity of its color (reds and greens are rarer than yellows and browns), the saturation of the color (from faint to vivid), and the purity of the color (whether it is bright and clear or clouded by other underlying colors). Probably the most famous colored diamond is the Hope, which features a deep-blue color and weighs an amazing 45.52ct. It can be seen at the Smithsonian Institute in Washington, D.C.
With diamonds found all over the world, America has a couple small producing diamonds mines, but it only produces industrial grades with non-gem grade material. These black and brown industrial-grade diamonds are widely used as cutting and grinding tools in various industries, such as oil drilling and stone carving.
Diamonds have come to symbolize the ultimate gift of love and romance and, in the United States, are traditionally used in engagement and wedding rings. The tradition of the diamond solitaire engagement ring may have started in 1477, when the Archduke of Austria gave a large solitaire diamond to Mary of Burgundy for her hand in marriage. Amidst this tradition of romance, the diamond is also the birthstone for April and given as 10th, 30th, 60th and 75th anniversary gifts.
Diamonds have been the pride of empires throughout time. Ancient Hindu followers believed diamonds were created by thunderbolts striking the ground. Ancient Greeks believed that diamonds were teardrops of the gods and splinters of stars that had fallen to Earth. The stones were believed to possess magical qualities and have powers far beyond the understanding of common man. Even the name stems from “adamas,” the Greek word for “unconquerable” and “indestructible.”
The diamond is considered the most magical of all gems. When worn, it promotes spirituality, even ecstasy, and is often utilized in meditation. The diamond promotes self-confidence in relations with the opposite sex and is often worn to conquer infertility. The diamond is the stone of love and is worn to ensure fidelity. Owing to its sparkling and flashing nature, it has long been regarded as a stone of protection and peace. It can be worn today for courage and strength, and represents fearlessness and invincibility.
Since only diamonds can scratch other diamonds, it is important to wrap and store your diamond jewelry pieces separately so they do not touch one another. To clean jewelry at home, soak diamonds in warm, sudsy water made with any mild liquid detergent. Brush with a soft toothbrush and rinse and pat dry with a soft, lint-free cloth. Other effective cleaning methods include soaking diamonds in household ammonia, brand-name liquid jewelry cleaners, or even a glass of vodka.
For thousands of years, ruby has been considered one of the most valuable gemstones on Earth. It is called the “King of Gemstones” and known as the stone of love. The gem is the red variety of the mineral corundum, and while any other color of corundum is denominated as “sapphire,” only red corundum may be called “ruby.” Pure corundum is colorless, but slight traces of elements are responsible for ruby’s purplish bluish-red to orange-red color. In fact, the name “ruby” was derived from the Latin word “rubens,” meaning “red.”
The finest rubies are an intensely saturated pure red with no overtones of brown or blue. They are readily available in sizes up to 2.00ct and have incredible durability, ranking a 9.0 on the Mohs Scale (second only to diamonds in hardness). Rubies may show very different shades of red depending on their origin, and the range of these reds is quite considerable. The gem’s intense color was once thought to come from an undying flame inside the stone, while other legends say each stone is a piece of the planet Mars.
Some rubies distinguish themselves with a wonderful silky shine, called the “silk” of the stone, which is created by fine rutile needles within the gem. The rutile mineral is also involved within very scarce “star” rubies. As can be found in sapphires, there is a translucent variety of ruby that displays a six-point star when cut into a smooth domed cabochon. Rutile is embedded in an asterisk-shape within the ruby, causing a captivating light effect called “asterism.” Six-ray stars appear to magically glide across the surface of the stones as they are moved. Star rubies are expensive rarities and should always display the stars exactly in the center of the gem. The star stone is said to be the home of each person’s angel, who lives there in contentment with the ruby’s spirit.
Rubies are found in many countries throughout the world, each location producing rubies of specific qualities and colors. Gemstone experts agree that the Burmese ruby is the most valuable and luxurious category of the stone. The former country of Burma, now Myanmar, is situated in a mountain valley surrounded by high summits. Rubies that are mined from this “Valley of Rubies” feature an exceptionally vivid red color with a slightly bluish hue. The stones display their unique brilliance in both natural and artificial light.
Rubies from Thailand, another classical supplier of the gem, are often dark red tending towards brown. This “Siam color” is considered almost as beautiful as the Burma color. Rare rubies from Ceylon are mainly light red, like ripe raspberries, while rubies of Vietnamese origin generally display a slightly purplish hue. Rubies are also produced in India, where relatively large ruby crystals have been discovered. These particular rubies, however, have many inclusions, but are excellently suited to be cut as beads or cabochons. Afghanistan, Pakistan and Russia have also produced occasional top-quality rubies, but the rough terrain in these areas has made mining difficult.
Top-quality rubies are quite rare and are often considered even more valuable than colorless diamonds, particularly in sizes above 5.00ct. High prices tend to reflect their tremendous value. In 1988, a 16.00ct ruby sold at auction for $227,301 at Sotheby's in Geneva, Switzerland. A 27.37ct Burmese ruby ring sold for $4 million at Sotheby's in 1995, which was an astounding $146,145 per carat.
It is possible that no other gemstone has been as prized as the ruby. Celebrated in the Bible and in ancient Sanskrit writings as the most precious of all gemstones, rubies have adorned emperors and kings throughout history. Until improvements in chemical testing in the 1800s, most red gem-quality stones were called rubies. Thus, many of the famous “rubies” in the crown jewels of Europe, including Britain’s “Black Ruby” and the “Timur Ruby,” have since been identified as red spinels or garnets. Today, rubies continue to decorate the insignia of many Royal Houses.
In the 13th century, traveler Marco Polo wrote that Kublai Kahn, the Mongol Emperor of China, once offered an entire city for a ruby the size of a man’s finger. In ancient Hindu writings, the ruby represents the sun power. In China, the stone was given as offerings to Buddha.
Rubies were also given as offerings to Krishna in India. For a long time, India was considered the classical country of rubies. Their literature offers a rich and varied knowledge of the stone that was collected and handed down for over two thousand years. In the Sanskrit language, ruby is called “ratnaraj,” which translates as “king of gemstones.” Whenever a spectacular ruby was found, the emperor would send out his notables to welcome the precious gemstone in an appropriate style fit for a king.
In the Middle Ages, it was believed that a ruby could change color and grow darker to warn its owner that danger or illness was near. Thought to ward off misfortune, it was believed to chase away evil spirits and the spirits of the dead. The deep red color of rubies has been used for centuries as protection and to convey invulnerability. Soldiers wore them into battle to guard against wounds and promote healing if they received a wound. The color of blood, the stone is symbolic of courage and bravery. Warriors were said to have implanted rubies under their skin to bring them valor in battle, make them invincible against enemies and ensure victory.
Rubies have also been historically thought to bestow wisdom, wealth and love. In China and Europe during the 10th century, dragons and snakes were carved in the gems’ surfaces to increase the flow of money and power to their owners. A common belief was that dreaming of rubies meant the coming of success in business and money matters. Rubies were also used to capture a mate and light the passion of romance. The gem was believed to have the magical powers of sexual fire and success in love. It has also been said by ancient lore to be capable of reconciling lovers’ quarrels.
When combined with gold and worn on the body, it is said that rubies can cause the body to rejuvenate and absorb energy from the sun to heal all types of body sickness and skin afflictions. It is believed that it should be worn with gold to banish sadness and bring joy.
Given as a symbol of success, devotion and integrity, the ruby is July’s birthstone and the traditional gift for 15th and 40th wedding anniversaries. Rubies have symbolized passion and romance for centuries, so when placed in engagement rings, they express unbridled love and promise of the heart.