Short answer: The most expensive gem in the world is the pink Star diamond, which was sold for $71.2 million at a Sotheby’s auction in 2017. This flawless 59.60-carat gemstone is considered one of the rarest and most valuable diamonds ever discovered.
How to Determine and Acquire the Most Expensive Gem in the World
As a gemstone enthusiast, you might be intrigued to know which one is the most expensive in the world. While there are many factors that can determine a gem’s price, such as color, clarity, and carat weight, the following is an insightful guide on how to determine and acquire the most expensive gem in the world.
To begin with, it’s imperative to understand what makes a precious gemstone highly priced. Beyond its beauty and rarity lies an assortment of attributes such as size, clarity, quality of cut and craftsmanship that set it apart from other diamonds, sapphires or rubies. These unique features can make all the difference when determining both its value and price.
The first step towards finding your desired gem requires research. Learning about different precious stones and their respective worth goes a long way in helping familiarize yourself with pricing structures before diving headfirst into purchasing anything. You may want to read up on recent transactions involving high-end gems on auction platforms like Christie’s or Sotheby’s or keep tabs on current market trends by reading specialized publications like The Diamond Loupe or Gems & Gemology.
When looking for information about rare gems online however, beware of websites purporting false claims regarding authenticity! Ascertaining a reputable source is paramount when seeking more information because what they offer is valuable knowledge – key factors to look out for discussed above should not be taken lightly!
Once you’ve acquainted yourself with specific aspects of fine jewelry that make it so pricey (and invaluable!), you’re ready to embark on your quest for securing one for yourself! One strategy could entail visiting high-end jewelers known for sourcing ethically mined stones or dealers willing to provide certification verifying diamond origin (which further boosts value).
The purchase process requires careful analysis of several elements beyond just appearance: this includes authenticity documentation (such as GIA certificates), expert opinion sought from an unbiased third-party appraiser upon inspection by individual buyers interested in purchasing high-value gems.
Additionally, considering the market dynamics takes into account aspects such as region or country wherein you’re shopping because they often come with their own cultural nuances regarding gemstone valuation. It could be price bargaining may be accepted in some contexts or a more rigid price tacked on knowing the immense worth of said piece. It’s crucial to remain respectful when working through those particular circumstances!
In essence, acquiring the most expensive gem in the world requires due diligence and a deep understanding of various market attributes that can impact value. Researching different gem varieties and learning about their features is an essential starting point, but certification and expert appraisal ultimately play vital roles as well to identify genuine rarities up for purchase. While it may seem like a daunting process initially, keeping these key elements in mind will make acquiring any fine jewelry that much easier (and fun!) now that informed decisions can proceed!
Step-by-Step Process of Identifying and Valuing the Most Expensive Gem in the World 
Gemstones have been coveted throughout history for their beauty, rarity, and value. There are a wide variety of gemstones available in the market, ranging from diamonds to pearls, but have you ever wondered what the most expensive gemstone in the world is? It’s the Pink Star Diamond!
This dazzling pink diamond has been valued at over $71 million, which equates to more than $1.2 million per carat – an astronomical sum by any standard. So how did it end up being so valuable? Let’s take a closer look at the step-by-step process of identifying and valuing this beautiful gem.
Step 1: Identification
The first step in identifying the Pink Star diamond involved conducting lab tests to determine its authenticity. The stone was subjected to numerous scientific measurements such as spectroscopy or refractometry to verify that it was indeed a natural diamond and not a synthetic one created artificially.
After proving it’s a genuine stone, geologists were then tasked with analyzing its physical characteristics including its weight, color density and texture directly from its crystal form or raw material.
Step 2: Quality Assessment
Once authentication was complete and the origin confirmed as South Africa (although other potential countries like Brazil remain unsolved), professionals carried out grading of quality factors based on GIA (Gemological Institution of America) standards used for giving colored stones a fair evaluation benchmark.
In addition to checking off other properties such as fluorescence level under different light conditions that could potentially alter color perception over time before finally weighing these graded characteristics towards maximizing income brackets-based on market competition provided guidance followed by thorough reassessment procedures.
Step 3: Valuation 
The valuation process began with experts reviewing previous records for similar diamonds available in local sales data analytics precisely during luxury jewelry auctions in famous hotspots such as New York City’s Fifth Avenue or Geneva’s Place Vendôme area where it can fetch mind-boggling numbers while also looking at other factors like color, cut, clarity and weight when pricing comparables.
Special teams consisting of auction analysts, jewelry appraisers, insurance adjustors were then tasked with determining the highest output value using multiple approaches ranging from appraisals through authorized dealerships or private sales with buyers that have a history of purchasing high-end gems in their portfolios. The final valuation reached depended on their negotiations leading up to accepted offers or sometimes matched if minimum sale thresholds are met for auction bids.
Thus the Pink Star Diamond was identified, assessed and priced for what it deserved at every step of its journey to becoming one of the most expensive gemstones in the world. While this process is not unique to just the Pink Star diamond but remains standard practice for all exceptional quality stones, some others’ qualities can be evaluated based on additional criteria. However, understanding this fundamental assessment process used by professionals helps individuals appreciate fine gemstones they may encounter with more profound context and respect.
Most Frequently Asked Questions About the Most Expensive Gem in the World Answered!
The world of precious gemstones is filled with wonder, beauty, and mystery – and perhaps none more so than the most expensive gemstone in the entire world. This highly sought-after gem has captured the imagination of countless people around the globe, but there are many questions swirling around this mysterious stone. Today, we’re going to answer some of the most frequently asked questions about this incredible gem.
Question #1: What is the most expensive gemstone in the world?
Answer: That’s an easy one – it’s the Pink Star diamond! Weighing in at a whopping 59.6 carats, this stunning pink diamond was sold for a record-breaking $71 million dollars at auction in 2017.
Question #2: Where was it found?
Answer: The Pink Star diamond was discovered by De Beers Mining Company in South Africa back in 1999.
Question #3: How rare is it to find a pink diamond?
Answer: Extremely rare! Only one out of every thousand diamonds mined is considered to be a fancy colored diamond – meaning it has a natural body color other than white or yellow. Of those fancy colored diamonds, pink diamonds are among the rarest and most sought-after.
Question #4: How does its value compare to other famous gemstones like the Hope Diamond?
Answer: While both stones are incredibly valuable and highly coveted by collectors and enthusiasts alike, there’s simply no contest when it comes to price. The Hope Diamond is estimated to be worth over $200 million dollars, but will still never rival that of the Pink Star given their size differences.
Question #5: Who owns the Pink Star now?
Answer: Unfortunately we don’t know who currently owns this amazing jewel since buyers identities are kept as private information within auctions where they’ve bid on them. However through history it’s been bought twice before; first time was in 2013 after originally being auctioned off for $83 million dollars but then was reneged due to payment issues. Then in 2017, it sold for $71 million dollars on a second try, and haven’t been auctioned since.
Question #6: Could the Pink Star diamond still go up in value?
Answer: It’s certainly possible! Over time, the rarity of such unique finds may continue to be lessened making it more difficult than ever for interested buyers to find one. That being said, given its recent sales prices and auction history – we wouldn’t bet on this gorgeous gem getting any cheaper as it continues to remain highly sought after.
Whether you’re an avid collector of precious stones or just someone who appreciates beauty and extravagance when they see it – there’s no denying that the Pink Star diamond is truly one of a kind. While its astronomical price tag may be out of reach for most people, we can all daydream about what it would be like to wear such a stunning piece!
Top 5 Intriguing Facts You Need to Know About the Most Expensive Gem in the World
The world is full of gems, which come in various shapes, sizes and colors. However, there is one gem that catches everyone’s attention- the most expensive gem in the world. This gem has captivated people for centuries with its impeccable beauty, rareness and high value.
If you want to learn more about this fascinating gemstone, here are the top five intriguing facts you need to know:
1. It’s called The Pink Star
The Pink Star is a diamond that weighs 59.60 carats, and it’s the largest internally flawless vivid pink diamond ever discovered. The diamond was first mined by De Beers in South Africa over twenty years ago before being auctioned off in 2017 at Sotheby’s Hong Kong for an astronomical sum of $71 million dollars! This price set a new record as the highest amount ever paid for any gemstone or artwork at an auction.
2. It took over two years to cut and polish
Cutting and polishing a diamond is not an easy task, especially when you’re dealing with a special jewel like The Pink Star. Crafting this perfect masterpiece took over two years of work done by experienced cutters who patiently carved each facet with remarkable precision to achieve its unique design.
3. It glows under UV light
The Pink Star has another unique trait; it glows an intense orange-pink color under ultraviolet (UV) light! This glow effect occurs only in certain natural diamonds containing traces of nitrogen within their crystal structure.
4. It was almost re-cut into oblivion
In 2003, The Pink Star was sold to Manhattan Diamonds after being cut down from its original weight of 132 carats into a heart-shaped diamond weighing just 59 carats. However, they were not satisfied with the current weight and took it upon themselves to recut it further into a pear-shaped stone weighing around half its initial size!
Fortunately, this disastrous decision was reversed, and the diamond was restored to its current condition- restored back to being a thing of wonder and beauty.
5. It’s priceless
The last intriguing fact about The Pink Star is that it is irreplaceable, so although it may have been sold for billions of dollars in different auctions, it’s true value remains incalculable. Owning this gemstone is like owning a piece of history, that not only symbolizes wealth but also the amazing craftsmanship that went into creating such an extraordinary piece.
Without any doubt, The Pink Star diamond remains one of the most remarkable gems ever discovered. It’s fascinating to see how something so rare and beautiful can capture people’s attention and imagination for centuries. We hope these five intriguing facts have given you even more appreciation for this fantastic gemstone and encouraged you to unearth all its secrets!
Is Investing in a Piece of The Most Expensive Gemstone Worth It?
Investing in a piece of the most expensive gemstone may seem like a luxurious and extravagant investment decision. However, it’s important to understand the rational behind such an investment and whether it is truly worth it.
The most expensive gemstones are often rare, high quality and have strong historical or cultural significance. For example, the pink diamond known as the Graff Pink sold for $46 million at auction due to its rarity, exceptional clarity and deep vivid color.
Gemstones can also act as a hedge against economic uncertainty. With current market volatility and instability, tangible assets like gemstones provide a sense of stability for investors looking to diversify their portfolio.
Furthermore, investing in gemstones offers unique benefits compared to traditional investments such as stocks and real estate. Gemstones are highly portable which means that they can be taken with you wherever you go. It is easier to store them safely without worrying about theft or damage like other assets.
However, investing in precious gemstones comes with certain risks that shouldn’t be ignored. The value of these stones is highly subjective based on individual assessment by experts depending on several factors like color, clarity, shape etc. Therefore investing in them requires extensive knowledge about the industry along with deep pockets as price tags can touch exorbitant amount easily making these stones appealing for investors who have already attained significant wealth.
It’s also vital to know who you’re buying from as there are many fraudsters out there trying to take advantage of investors looking for valuable stones. Therefore an awareness about how authenticators grade and value these stones should be sought before taking any leap of faith into buying one.
Finally while purchasing precious stone could be an enjoyable experience especially when it speaks volumes about your financial capability but if not done wisely could lead down a path of huge losses too.
In conclusion, investing in the most expensive gemstone can be lucrative but also comes with potential pitfalls one should consider before making such a substantial investment decision.
It’s necessary to have an investor mindset, thereby doing exhaustive research, and weighing the potential risks and benefits. It’s also advisable to consult a professional jeweler or gemologist before embarking on this investment journey.
Rare, Precious, and Exceptionally Valuable: What Makes a Gemstone The Most Expensive?
Gemstones have been coveted for centuries, their beauty and rarity making them desirable to those who seek out the best of the best. While many gemstones can fetch a high price on the market, there are some that stand out as particularly rare, precious, and exceptionally valuable. But what makes these gems so special?
To understand why some gemstones command such exorbitant prices, it’s important to first look at what factors contribute to their overall value. One of the biggest indicators of a gemstone’s worth is its rarity – if a particular type of stone is only found in small quantities or in certain locations around the world, it becomes much more valuable due to its scarcity. This is why stones like diamonds and emeralds are often among the most expensive, as they are only mined in select regions and can be hard to come by.
Another factor that contributes to a gemstone’s value is its quality. This includes considerations such as color, clarity, cut, and carat weight – all of which play into how visually stunning a stone appears when set into jewelry or displayed on its own. Gemstones with vivid hues or exceptional clarity will always fetch higher prices than those with muted shades or noticeable imperfections.
So what specific types of gemstones fall into this rarefied category of being both rare and high-quality enough to command top dollar on the open market? Let’s take a closer look:
One standout example is the pink diamond. These gems are incredibly scarce – in fact, fewer than 1% of diamonds mined each year are pink – and their unique coloring makes them sought-after by collectors around the world. The most famous example is probably the Pink Star diamond, which sold for over $71 million at auction in 2017.
Another precious stone that commands high prices is ParaĂba tourmaline. This bright blue-green gemstone was first discovered in Brazil in 1989 but has since been found in other locations around the world. Despite its relative youth as a gemstone, ParaĂba tourmaline is prized for its vivid coloring and rarity – only a small fraction of the stones mined each year meet the standards required to be considered true ParaĂba.
If you’re looking for something even rarer (and more exotic), consider alexandrite. This chameleon-like stone appears green in daylight but shifts to a reddish-purple hue under incandescent light, making it one of the most color-shifting gems on the market. Alexandrite is only found in a few locations worldwide, and high-quality specimens can sell for tens of thousands (or even hundreds of thousands) of dollars.
Finally, let’s not forget about rubies – while they might not be quite as rare as some of the other stones on this list, they are nevertheless highly coveted by collectors for their striking red hues and exceptional hardness. The most valuable rubies have bright coloration with minimal inclusions and can fetch staggering prices; one example is the Sunrise Ruby, which sold for over $30 million at auction in 2015.
There are certainly other gemstones that could make this list – think blue sapphire or red diamond – but hopefully these examples give you an idea of what sets apart those precious stones that command top prices. Whether due to their rareness, visual appeal or both, these gems are truly exceptional – and worth treasuring for generations to come.
Table with useful data:
| Gemstone | Price per Carat | Total Price |
|---|---|---|
| Pink Star Diamond | $1.3 million | $71.2 million |
| Blue Moon of Josephine | $3.93 million | $48.5 million |
| Wittelsbach-Graff Diamond | $80,000 | $71.2 million |
| The Oppenheimer Blue | $3.9 million | $50.6 million |
| Pink Promise Diamond | $1.4 million | $32.4 million |
Information from an expert
As an expert in gemstones, I can confidently say that the most expensive gem in the world is the Pink Star diamond. This magnificent stone weighs 59.60 carats and was sold at auction for a staggering $71.2 million dollars in 2017. The Pink Star is classified as a Type IIa diamond, which makes up less than 2% of all diamonds and is known for its exceptional purity, transparency, and colorless appearance. It is truly a one-of-a-kind gemstone, and its impressive price tag reflects its rarity and beauty.
Historical fact:
The most expensive gem in the world is the Pink Star diamond, which was sold at a Sotheby’s auction in 2017 for a whopping $71.2 million dollars.
