Who owns the most diamond? (2023)

Who has the most diamonds in the world?

Currently, Russia produces 30% of the world's diamonds, and approximately 39.12 million carats of diamonds were produced in Russia in 2021, making it by far the greatest diamond-mining nation in the world.

Laljibhai Patel (born 28 November 1955) is an Indian diamantaire and philanthropic social activist, who is the chairman of Dharmanandan Diamonds Pvt. Ltd. (DDPL) and one of the barons of the Indian diamond Industry.

This monopoly was the start of their major monopoly over the diamond market. De Beers continued to purchase mines, as well as purchasing diamonds directly from other companies. They created agreements with suppliers, leading to them holding over 85% of the world's diamonds, at one point in time.

The world's largest cut diamond, a 555.55 carat fancy black named has a new owner and a new name. Purchased by Richard Heart, founder of cryptocurrency company HEX, the diamond's name will change from The Enigma to the HEX.com diamond.

To understand diamond prices over time, you need to know one name: De Beers. De Beers is a behemoth in the diamond industry, controlling 35-40% of the world's roughs.

According to diamonds.pro, a 1 carat diamond costs anywhere between $1,300 and $16,500. However, a quality diamond doesn't just come down to size. When assessing diamond value, four very important factors are always taken into consideration – the four c's of diamond quality: color, cut, clarity and carat.

The Cullinan diamond, discovered in South Africa in 1905 and initially weighed 3,106 carats, was the biggest raw diamond ever. However, it now consists of 105 gems of various weights and cuts. The world's most spectacular diamond, The Cullinan, was given this name in honour of the mine's chairman, Thomas Cullinan.

In 1947, "Cosmopolitan" magazine bestowed Harry Winston with a moniker that would follow him throughout his career: "King of Diamonds." An innate gemologist with an intuitive mastery of his trade, Mr.

Kim Bendix Petersen (born 14 June 1956), better known by his stage name King Diamond, is a Danish rock musician. As a vocalist, he is known for his powerful and wide-ranging singing voice, in particular his far-reaching falsetto screams.

Who owns the biggest diamond ring in the world?

The proud new owner of the the Pink Star diamond, the most expensive gem stone in the world is Hong Kong jeweller Chow Tai Fook that paid $71.2 million for the 59.60-carat stone. The company chairman has christened the jewel the CTF Pink after the company's initials.

Thanks to a stockpile of the world's rough diamond supply, indelible marketing schemes and even negotiations with foreign governments for their diamonds, De Beers — owned by the Oppenheimer family since the 1920s — has been the most important name in one of the world's most lucrative businesses for almost a century.

As the world's largest retailer of diamond jewelry, Signet Jewelers is positioned like no other to inspire love the world over.

The Lesedi La Rona

The largest gem-quality rough diamond found since the Cullinan and the largest ever mined in Botswana, it sold for $53 million in September 2017 to Graff Diamonds.

THE CULLINAN — UP TO $2 BILLION

The Cullinan is the largest rough diamond of gem quality ever found, weighing an incredible 3,106.75ct . Discovered in Cullinan, South Africa in 1905, it was then gifted to King Edward VII.

Most jewelers have higher markups on cheaper jewelry compared to more expensive jewelry. For example, if a diamond costs $2,000 from the wholesaler, it is common to see physical retailers marking up the diamond to $4,000. This represents a profit margin of 100%.

Diamonds typically lose between 25 and 50 per cent of their actual worth upon resale due to market fluctuations, the markup on your ring, and the decline in diamond prices.

Diamonds are much more expensive than gold. However, red diamonds are extremely rare on our planet. Only 30 of them are currently known, and most of them do not weigh more than half a carat (about 0.1 grams). They are worth a lot, and 1 gram can cost around $ 5 million.

Who buys the most diamonds in the world?

Diamond reserves have been stable in recent years at 2.3 billion carats, a sufficient level to sustain current annual production for the next 18 years. New pipeline and expansion projects along with currently operating facilities will generate around 172.3 million carats in 2025.

But why are blue diamonds so expensive? Well, they are very rare to be found in nature, especially the ones very intense in color. Blue diamonds are also said to be rare and, therefore, quite expensive – though not as much as pink diamonds.

It sold at the low end of its estimated range at Christie's jewelry auction in Geneva. Estimated to sell for approximately $13 million to $20 million, “The Spectacle” diamond went for $14.1 million at Christie's Geneva this week.

But how much do black diamonds cost? The price ranges between $1,500-$3,000 per carat for black diamonds weighing between 1.00 to 3.00 carats. On the other hand, colorless diamonds may range between $2,500 to $153,000 per carat for clear diamonds weighing between 1.00 – 3.00 carats.