RareColoredDiamonds.com Sold Rare, Important Red Diamond in June 2007

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A spectacular 1.06ct Fancy Red Diamond was just sold by RareColoredDiamonds.com in June 2007. The 1.06ct Fancy Red Diamond was sold to an anonymous investor for $1.5 million. It was the only pure red diamond over a carat for sale in the world.

Sunrise, FL August 7, 2007 -- In June 2007, RareColoredDiamonds.com sold an exceptionally rare and beautiful red diamond. The only pure red diamond over a carat for sale in the world, this 1.06ct Fancy Red was sold to an anonymous investor for $1.5million.

Harold Seigel, President of RareColoredDiamonds.com, said that the Fancy Red Diamond is truly one of the rarest and stunning red diamonds ever sold.

Over the past 30 years, naturally fancy colored diamonds have proven to be strong long-term investments. Twenty years ago, a 1ct Fancy Intense Internally Flawless Pink diamond sold for approximately $70,000. Today, that same diamond is worth $500,000. Naturally fancy colored diamonds are the most valuable gemstones in the world because their value is determined on a price per carat basis. The most stunning colored diamonds have no fixed price. Their true value is determined when they are sold at auction, similar to a rare work of art. The highest price ever paid per carat for a colored diamond was for a .95ct Fancy Purplish Red. This diamond sold at Christies Auction House in 1987 for an astonishing $926,315.00/ct.

Pink diamonds, in particular, have shown huge appreciation in the past 15 years. The world leader in producing pink diamonds is the Argyle Diamond Mine, located in the Northeast corner of Western Australia. The Argyle mine operates 24 hours/day, 365 days/year, and sifts through 60 million tons of earth a year. Since opening in 1985, the mine has produced over 600 million carats of diamonds. While the Argyle mine may be the largest producer of diamonds, it is not the leader by value of diamonds. On average, only 5% of the diamonds found are considered gem quality. Less than 1% of that will be pink diamonds. This accounts for 90-95% of the pink diamonds available in the world. These mysterious diamonds are so rare, that only a few people have ever had the chance to see one up close.

RareColoredDiamonds.com offers some of the most spectacular and extremely rare fancy colored diamonds available in the world. Only those diamonds with truly remarkable color and intensity are called "fancy" by the diamond industry. Like pink diamonds, fancy blue diamonds have also proven to be a strong investment over the last decade. Currently, Yellow Internally Flawless Diamonds are reasonably priced and supplies remain low, making them a very strong investment, says Harold Seigel.

The current featured diamond is an Extremely Rare, approximately 2.5 Carat Round Fancy Intense Blue diamond. The website also features stunning jewelry, including rings, bracelets, necklaces and complete sets. Many are one-of-a-kind pieces.

Please contact RareColoredDiamonds.com for more information on investing in rare colored diamonds.

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Harold Seigel
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