Red diamonds are considered as one of the rarest stones in the world. Because of its extreme rarity, this type of diamond is one of the most sought after by precious stone collectors all over the world. A lot of wealthy gemstone collectors will fight tooth and nail just to add the rare red diamonds in their collection that the prices of these stones have gone very high in the past few years. For the past 20 years or so, there were very few red diamonds that went on sale all over the world and all of these stone fetched very high prices. In fact, most of these big red stones were sold at around $1 million dollars per piece.

The Moussaieff Red Diamond

The Moussaieff red diamond is considered as one of the largest fancy red diamonds in world. This piece of precious stone was first discovered by a Brazilian farmer sometime in the middle of the 1990s and was first purchased by the William Goldberg Diamond Corporation. When it was first cut, this diamond was named as the Red Shield but when this piece of precocious stone was later own bought by Moussaieff Jewelers Ltd, the company gave named it the Moussaieff Red.

This 5.11 carat diamond was said to be internally flawless, making it one of the most expensive red diamonds of all times. How much did Moussaieff Jewelers Ltd paid for this diamond? The famous Moussaieff Red diamond was rumored to have been sold at about $8 million in the 1990s. Experts believe that the value of this diamond has tremendously increased since then that this piece of precious stone could easily fetch in a price more than $10 million dollars.

The De Young Red

The De Young Red is a 5.03 carat red diamond and is considered as the third largest in the world. This diamond is not really pure red. This stone has a slightly brown hue which makes it look like a fine garnet that ruby-like. Since this diamond has very unique color, this was once sold at an estate sale as a red garnet. Luckily, this fine piece of precious stone was later on recovered and identified to be a very rare red diamond. At present, the De Young Red is under the custody of the Smithsonian Museum in Washington, DC and often figured in exhibits in that museum. If you are interested to see The De Young Red, just visit the Smithsonian Museum in Washington, DC.