The most expensive
diamonds in the world
Exploring the world’s most expensive diamonds
Diamonds are symbols of luxury and timeless beauty that have fascinated humanity for centuries: icons like Marilyn Monroe and Shirley Bassey have immortalised them in song, while ancient Romans believed they were tears of the gods.
Among the abundance of costly diamond, some are priceless. Together with the diamond expert Dr. Ulrich Freiesleben, we‘ve rounded up the top seven most expensive diamonds in the world.
The most expensive diamonds in the world:
- Koh-i-Noor
- Cullinan I
- Hope Diamond
- Pink Star
- Blue Moon
- Golden Jubilee
- Sancy Diamond
Koh-i-Noor: The priceless crown jewel
Safely secured behind bulletproof glass in the Tower of London, the world’s most precious diamond is admired by millions of people every year: It’s set in the Queen Mother’s Crown, which is part of the Crown Jewels displayed at the Tower of London.
The magnificent piece is one of the largest cut diamonds in the world and was discovered in India in 1294. Weighing 105.6 carats, it’s said to be worth more than 1.6 billion dollars.
Legend has it that only God and women can wear the stone without consequences; from men, ownership might bring bad luck.
Interesting fact: The name of the stone is Persian, meaning ‘Mountain of Light’ and refers to its astounding size.
Cullinan I: The stone of superlatives
Discovered in 1905 in South Africa, the Cullinan diamond originally weighed an astonishing 3016.7 carats. This legendary gem was named after the mine’s owner, Thomas Cullinan, and was gifted to British king Edward VII. However, the raw diamond didn’t stay intact; it was cut into nine large stones and 96 minor brilliants.
Cullinan I is the largest of these gems, weighing 530.4 carats and is known as the ‘The Great Star of Africa’. It’s now part of the Crown Jewels of the United Kingdom.
Interesting fact: According to experts, this magnificent piece could fetch up to 570 million dollars at auction.
How old is the world’s oldest diamond?
In 2007, geologists in Australia discovered a diamond that formed around 4.25 billion years ago. However, diamonds used in jewellery usually originate from stones that are ‘only’ between 1.5 to 2 billion years old.
Hope Diamond: One of the world’s most renowned gemstones
Surrounded by myths and legends, the Hope Diamond stands out as one of the world’s most notorious gemstones. Weighing 45.52 carats and radiating a deep blue colour, it has an estimated value of around 400 million dollars. Once owned by notable figures, like King Louis XIV, this mesmerising piece now lives in the Smithsonian Museum in Washington D.C.
Interesting fact: According to legend, the diamond was stolen from a Hindu statue and was therefore cursed, bringing great misfortune to those who own it.
Fascinating facts about diamonds
In their natural state, diamonds, made purely of crystallised carbon, may not catch the eye. It’s the expert craftmanship of cutting, shaping and polishing that reveals their beauty.
The cut also determines whether you end up with a diamond or a brilliant. According to Mohs’ hardness scale for minerals introduced in 1822, diamonds which can only be cut with another diamond rank highest with a hardness of 10. These gemstones form deep within the Earth’s mantle, approximately 150 to 300 kilometres below the surface, and are brought to higher layers by rising magma.
Pink Star or pretty in pink
In 1999, in Botswana, De Beers, the world's leading diamond dealer, mined a 132.5-carat gem, that would captivate the world. As a result of its exceptional rarity, the original diamond was cut and polished over a period of two years. In 2017, at a Sotheby's auction in Hong Kong, the diamond was sold at a record-breaking asking price of about 108 million dollars.
However, the buyer, a jewellery chain from Hong Kong, initially hesitated to make the payment. History seemed to be repeating itself: four years earlier, during an auction in Geneva, a bidder won the piece for what was then a world record sum of 100 million dollars. At that time, the payment fell through, and the auction house reclaimed the stone back.
Interesting fact: Bidding for the valuable stone lasted just five minutes in 2017.
Blue Moon of Josephine: A flawless blue diamond
In 2023, the Blue Moon emerged from the depths of the legendary South African Cullinan Mine – a jewel with a short yet captivating history. Despite its recent discovery, billionaire Joseph Lau, a Hong Kong businessman, bought the flawless ‘fancy vivid’ 12-carat blue diamond, that experts estimate to be of the highest purity and rarity, for 72 million dollars.
According to the auction house Sotheby's, this marked the highest sum per carat ever bid and paid for a diamond of this type.
Interesting fact: Joseph Lau renamed the diamond to the ‘The Blue Moon of Josephine’ after his daughter.
Golden Jubilee: The world’s record breaker
With an impressive 545 carats, the Golden Jubilee is renowned as the largest cut diamond in the world. Discovered in the Cullinan Diamond Mine in 1985, the Golden Jubilee initially weighed 755 carats.
Using specially designed tools and a groundbreaking cutting technique, the world-famous diamond cutter Gabi Tolkowsky brought it into its current form while preserving an exceptionally high overall weight.
Interesting fact: Despite its immense size, experts estimate the value of the diamond, which is privately owned and displayed at the Royal Museum in Bangkok, at about 16 million dollars.
Sancy Diamond: Pure beauty with a rich history
It’s not just the ‘Mona Lisa’ that attracts visitors at the Louvre. The pale yellow, shield-shaped, 55.23 carat-diamond also captivates visitors’ attention.
Named after Nicolas de Harlay, Lord of Sancy, a 16th-century diplomat, it has a fascinating history; this gem has been owned by dukes, kings and major industrial magnates. Today, the Sancy is celebrated as one of the most beautiful and famous diamonds in the world.
Interesting fact: Given its rarity and eventful history, it’s considered impossible to accurately estimate its value.
Tip: Treating yourself to a new piece of jewellery? When you make a purchase on your eligible American Express Card, you can be reimbursed for up to 90 days from the date of purchase if the eligible item is stolen or accidentally damaged. Exclusions, limits and excess apply1.
FAQs
The largest cut diamond today is known as Enigma. The black stone weighs 555.55 carats and was auctioned by Sotheby's for 6 million dollars.
Red diamonds are the rarest and therefore most expensive natural diamonds. They only come in one colour intensity and there are only about 20 to 30 genuine red diamonds worldwide, most of which weigh less than half a carat.
On average, a carat diamond costs between $6,000 and $10,000. However, for exceptionally high-quality diamonds, prices can go above $26,000 per carat.
1. American Express Insurance. The insurance on American Express Cards is subject to terms, conditions and exclusions (such as maximum age limits, pre-existing medical conditions and cover limits). You must use your American Express Card to pay for eligible items for those items to be covered under the retail insurance benefits. It is important you read your American Express Card Insurance Terms and Conditions and consider whether the insurance is right for you. We do not provide advice about the insurance or whether it is appropriate for your objectives, financial situation or needs. This insurance is underwritten by Chubb Insurance Australia Limited (ABN 23 001 642 020, AFSL No. 239687) under a group policy of insurance held by American Express Australia Limited (ABN 92 108 952 085, AFSL No. 291313). Access to this insurance is provided solely by reason of the statutory operation of section 48 of the Insurance Contracts Act 1984 (Cth). Card Members are not a party to the group policy, do not have an agreement with Chubb and cannot vary or cancel the cover. American Express is not the insurer, does not guarantee or hold the rights under the group policy on trust for Card Members and does not act on behalf of Chubb or as its agent. American Express is not an Authorised Representative (under the Corporations Act 2001 (Cth)) of Chubb.