Are Raw Diamonds Expensive?

Posted by MJ Marketing on

Since time immemorial, jewels and precious stones have powerfully mesmerized the human race. This explains why we embellish these diamonds, rubies, emeralds and other gemstones in rings, necklaces, and trinkets.  We treat these prized stones on a certain pedestal as part of civilization’s customs such as weddings and celebratory ceremonies—always intertwined with a significant and powerful status. 

Now, diamonds can be created inside laboratories and the innovations are still reaching heights in the process. These lab-grown diamonds are the biggest disruptor in the diamond industry. Why? This is because more and more people invest in lab-grown diamonds today. Mind-boggling as it is; are “raw” or “rough” diamonds really that expensive? Let’s step back a little and see how these valued gems come to form!

Diamonds, when unearthed, appear roughly rounded with a hint of regular crystal form. Most of these diamonds are pale shades of yellow, red, orange, green, blue, brown, and black—many of them are colorless, too! Looking at diamond color chart, preferences of the majority in jewelry use say a lot as well. When diamond stones are still uncut, they lack the exuberance and brilliance of gems we see in jewelry stores. These raw or rough diamonds can appear quite ordinary to Brazilian gold miners (circa. 18th century) cast aside a fortune (unknowingly, of course!) not recognizing diamonds while panning for the precious metal.

What are the expensive raw or rough diamonds to this day?

Just last 2016 Lucara Diamond Corp. sold The Constellation diamond, an 813-carat jewel for $63 million making it the most expensive rough gem to date. Second to this was the Lesedi la Rona, a 1,109-carat just smaller than a tennis-ball. These rough diamond discoveries were definitively astonishing even 100 years after the phenomenal 3,253-carat Cullinan diamond cut and polished mainly for the British Crown in 1908.

As we incorporate the words expensive, grand, and extravagant when describing diamonds—yes, rough diamonds are absolutely high in price. Let’s remember that diamonds rose to popularity and demand just decades ago. Albeit in comparison to other gemstones, diamonds have been viewed through rose-tinted glasses more than the rest. Rough diamonds are indeed expensive as the price and value of these rough diamonds increase as they are cut and shaped for embellishments—diamond rings, wedding rings, engagement rings, necklaces, earrings, and other jewelry in the collection. This is also true as these diamonds are graded for jewelry purposes following the 4Cs (carat, cut, clarity, and cost) of diamond. These requirements are standards in pricing a diamond. Surely, choosing your diamond engagement ring asks a lot of effort.

If you think about it, even in the afterlife these diamond stones are highly valued and treasured. These precious gemstones are used and brought to burial rituals and burial grounds for some cultures. It really is amazing how we people attach so much of ourselves and culture may it be natural or lab-grown diamonds. For trustworthy experience of guilt-free lab-grown diamonds, visit Meycauayan Jewelries, today!

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