What’s better than a diamond?

However, it isn’t due to the rarity of diamonds that diamonds are among the most costly precious stones. Diamonds, nevertheless, are far more common in nature than emeralds, rubies, and sapphires. Because of the high demand and strict supply control for almost colourless diamonds, they may fetch upwards of $10,000 per carat. A whopping 90 per cent of all diamonds mined each year are sold by De Beers, the world’s largest diamond firm.

In order to keep their product in demand, they spend an estimated $200 million on promotion, and they always produce slightly fewer stones than they need. However, there are a few unusual gemstones that are worth more per carat than diamonds due to their scarcity, beauty, and high demand.

What’s better than a diamond?

In addition to its numerous rare animal species, Madagascar has also offered a unique diamond to the globe. Depending on the cut, the colour of grandidierite can be anything from blue-green to green, and it can even seem pearly in some cases. When seen from different angles, transparent samples that can be faceted can change colour from practically colourless to dark green. These samples are unusual and highly sought after. This gem’s current market value is $20,000 per carat.

Known as alexandrite after the tsar, alexandrite was discovered in Russia in 1830 and renamed after the monarch. When seen from different angles, it may also change colour, revealing varying shades of green, orange, and purple-red. Despite the fact that alexandrites have been discovered in various sites, the ones from the original mines are the most prized and fetch upwards of $10,000 per carat.

An orange-red or brownish-red stone, Painite was first discovered in Myanmar in the 1950s. It’s a deep stone. Following a military takeover shortly after its discovery, Myanmar (then known as Burma) was plunged into decades of authoritarianism that would not end until 2011. In spite of long-standing obstacles, the existence of more than 1,000 crystals has just been discovered in Myanmar. Prices for painite ranged from $60,000 to $80,000 per carat at the Tucson Gem Showcase.

Mysterious, smokey grey Musgravite can have green or violet overtones, depending on the crystal’s chemistry. Samples suitable for cutting into faceted gemstones were first discovered in 1993, despite the fact that the mineral was identified in Australia in 1967. Eight specimens were known in 2005, but many more nations have found deposits since then. However, the Tucson Diamond Showcase valued this gem for up to $35,000 despite increased supply.

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