Ronald Phillips Lists 10 Gems More Expensive Diamonds
They say that diamonds are a girl’s best friend, although are they the most valuable pieces of jewelry a girl can own? Contrary to popular belief, the answer is no.
Diamonds rank among the most widely known precious stones on the market. However, several other colored and colorless gemstones fetch higher market values, which every gemstone investor should know by heart.
Ronald Phillips lists the most expensive gemstones ever found:
1. Alexandrite
Cost per carat: $70,000
You might know Alexandrites for their rare, color-changing properties.
2. Black Opal
Cost per carat: $9,500
Black opal is rare because you can only mine it in Lightning Ridge, a small outback town in New South Wales, Australia.
3. Blue Diamond
Cost per carat: $3.93 million
Blue diamonds have a gorgeous, naturally-occurring blue hue across their body.
4. Emerald
Cost per carat: $305,000
Emeralds rank alongside diamonds in terms of popularity, but it costs several hundreds of thousands more.
5. Jadeite
Cost per carat: $3 million
Jadeite is the rarest Jade gemstone you can find.
6. Musgravite
Cost per carat: $35,000
Miners only unearth a handful of raw Musgravite per annum.
7. Pink Diamond
Cost per carat: $1.19 million
Only 0.1% of mined diamonds consist of pink diamonds.
8. Red Beryl
Cost per carat: $10,000
Gem-quality red beryl can only be mined in the Wah Wah Mountains of Utah, making them very rare.
9. Ruby
Cost per carat: $1.18 million
The most expensive ruby stones have a deep, dark red hue and fetch a staggering market value of $1 million per carat.
10. Tanzanite
Cost per carat: $1,200
Instead of hoarding diamonds, Ronald Phillips suggests investing in Tanzanite as well. They’re a rare stone exclusively mined in Tanzania.
Bottom Line
The gemstone market has dozens of precious stones and variations to offer, and Ronald Phillips discourages shoppers from limiting themselves to the same colorless diamonds. Explore the market. Whether after aesthetics or capital appreciation, you’ll find dozens of other gems more appealing than diamonds.