Of all the colors fancy color diamonds exhibit the red diamond is one of the rarest. The color occurs when the diamond crystal is compressed under extreme pressure to the point the crystal structure is permanently altered. Needless to say such events are extremely rare.
One of the joys in working in the jewelry industry is looking at unique gemstones. Examining a red diamond is a once in a lifetime opportunity. As you can image red diamonds are priced individually and are exceedingly valuable.
The emerald cut diamond weighs 5.05 carats.[ilink url=”http://tmagazine.blogs.nytimes.com/2010/09/23/now-sparkling-the-kazanjian-red-diamond/”]Kazanjian Red Diamond[/ilink]