GITNUX REPORT 2024

Pink Star Diamond Shatters Records: Most Expensive Wedding Ring Sold

Dive into the extravagant world of luxury with the most expensive wedding rings ever sold.

Author: Jannik Lindner

First published: 7/17/2024

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Elizabeth Taylor's Krupp Diamond ring, gifted by Richard Burton, was valued at $8.8 million

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Mariah Carey's 35-carat diamond engagement ring from James Packer was worth $10 million

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Kim Kardashian's 15-carat diamond ring from Kanye West was valued at $4 million

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Beyoncé's 18-carat emerald-cut diamond engagement ring from Jay-Z is estimated to be worth $5 million

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Paris Hilton's 20-carat pear-shaped diamond engagement ring from Chris Zylka was valued at $2 million

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Jennifer Lopez's pink diamond engagement ring from Ben Affleck in 2002 was worth $2.5 million

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Blake Lively's engagement ring from Ryan Reynolds features a 12-carat oval-cut diamond and is worth $2 million

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Cardi B's engagement ring from Offset features an 8-carat pear-shaped diamond and is valued at $500,000

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Hailey Bieber's oval-cut diamond engagement ring from Justin Bieber is estimated to be worth $500,000

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Meghan Markle's engagement ring from Prince Harry features a 3-carat cushion-cut center diamond and is worth an estimated $350,000

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Ariana Grande's engagement ring from Dalton Gomez features an oval-cut diamond alongside a pearl and is valued at $350,000

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Demi Lovato's engagement ring from Max Ehrich featured a 10-carat emerald-cut diamond and was worth an estimated $1 million

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The largest diamond ever found was the Cullinan diamond, weighing 3,106 carats

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The Hope Diamond, one of the most famous blue diamonds, is valued at $250 million

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The term 'carat' comes from the carob seed, which was used as a standard of weighing precious stones

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The largest faceted diamond is the Golden Jubilee Diamond, weighing 545.67 carats

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The rarest diamond color is red, with fewer than 30 known to exist

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Diamonds are formed deep within the Earth, typically at depths of 150 km or more

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The Daria-i-Noor diamond, part of the Iranian Crown Jewels, weighs approximately 182 carats

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Only about 30% of diamonds mined are of gem quality suitable for jewelry

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The hardness of a diamond is 58 times harder than the next hardest mineral, corundum

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The largest pink diamond ever discovered, the Lulo Rose, weighs 170 carats

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Approximately 130 million carats of diamonds are mined worldwide each year

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Diamonds can be dated using radioisotope dating, with some being over 3 billion years old

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The average cost of an engagement ring in the United States is $5,900

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Millennials spend an average of $3,000 on engagement rings

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The global diamond jewelry market was valued at $79 billion in 2020

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The global luxury jewelry market is expected to reach $40 billion by 2025

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Online sales of engagement rings have increased by 30% in recent years

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Lab-grown diamonds are becoming increasingly popular, with sales growing by 15-20% annually

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The global diamond jewelry market is expected to grow at a CAGR of 3.7% from 2021 to 2028

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Ethical and sustainable sourcing has become a key factor for 70% of engagement ring buyers

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Customized engagement rings account for 45% of all engagement ring purchases

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The average couple spends 3.5 months shopping for an engagement ring

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25% of engagement ring purchases are now made online

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The global lab-grown diamond market is expected to reach $29.2 billion by 2025

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The most expensive wedding ring ever sold was the Pink Star diamond ring, which fetched $71.2 million at auction

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The Blue Moon of Josephine diamond ring sold for $48.4 million in 2015

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The Oppenheimer Blue diamond ring sold for $57.5 million in 2016

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The Koh-i-Noor diamond, part of the British Crown Jewels, is estimated to be worth $1 billion

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The world's first all-diamond ring, carved from a single diamond, was valued at $70 million

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The 59.60-carat CTF Pink Star diamond ring holds the world record for the most expensive jewel ever sold at auction

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The Graff Hallucination watch, featuring over 110 carats of rare colored diamonds, is valued at $55 million

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The 'Incomparable' diamond necklace, featuring a 407.48-carat yellow diamond, is valued at $55 million

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The Chopard 201-Carat Watch, featuring 874 diamonds, is worth $25 million

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The Graff Venus, the largest D Flawless heart-shaped diamond in the world at 118.78 carats, is valued at over $30 million

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The Wittelsbach-Graff Diamond, a 31.06-carat deep blue diamond, sold for $80 million in 2011

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The Moussaieff Red Diamond, the largest known red diamond at 5.11 carats, is valued at $20 million

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The most popular diamond cut for engagement rings is the round brilliant cut

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The second most popular diamond shape for engagement rings is the princess cut

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Platinum is the most expensive metal used for wedding rings

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The most popular metal for engagement rings is white gold, accounting for 45% of sales

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The average center stone size for engagement rings is 1.2 carats

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Halo settings account for 25% of all engagement ring styles

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Rose gold engagement rings have seen a 14% increase in popularity over the past five years

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Emerald-cut diamonds have increased in popularity by 25% for engagement rings in recent years

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Three-stone engagement rings account for 15% of all engagement ring styles

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Oval-cut diamonds have seen a 19% increase in popularity for engagement rings in the past year

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Yellow gold engagement rings have experienced a 10% resurgence in popularity over the past three years

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Bezel settings account for 8% of all engagement ring styles

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Summary

  • The most expensive wedding ring ever sold was the Pink Star diamond ring, which fetched $71.2 million at auction
  • The Blue Moon of Josephine diamond ring sold for $48.4 million in 2015
  • The Oppenheimer Blue diamond ring sold for $57.5 million in 2016
  • Elizabeth Taylor's Krupp Diamond ring, gifted by Richard Burton, was valued at $8.8 million
  • Mariah Carey's 35-carat diamond engagement ring from James Packer was worth $10 million
  • Kim Kardashian's 15-carat diamond ring from Kanye West was valued at $4 million
  • The average cost of an engagement ring in the United States is $5,900
  • Millennials spend an average of $3,000 on engagement rings
  • The global diamond jewelry market was valued at $79 billion in 2020
  • The most popular diamond cut for engagement rings is the round brilliant cut
  • The second most popular diamond shape for engagement rings is the princess cut
  • Platinum is the most expensive metal used for wedding rings
  • The largest diamond ever found was the Cullinan diamond, weighing 3,106 carats
  • The Hope Diamond, one of the most famous blue diamonds, is valued at $250 million
  • The term 'carat' comes from the carob seed, which was used as a standard of weighing precious stones

Love may be priceless, but some people sure know how to put a hefty price tag on it! When it comes to extravagant declarations of love, the world of wedding rings takes the cake (or should we say, the diamond?). From jaw-dropping auction records to celebrity bling that could fund a small country, the most expensive wedding rings in history have left us all wondering: whats in a ring? Lets dive into the sparkling world of matrimonial bling, where the Pink Star diamond reigns as the ultimate crown jewel, fetching a staggering $71.2 million at auction. Move over, Elizabeth Taylor, theres a new rock in town!

Celebrity Rings

  • Elizabeth Taylor's Krupp Diamond ring, gifted by Richard Burton, was valued at $8.8 million
  • Mariah Carey's 35-carat diamond engagement ring from James Packer was worth $10 million
  • Kim Kardashian's 15-carat diamond ring from Kanye West was valued at $4 million
  • Beyoncé's 18-carat emerald-cut diamond engagement ring from Jay-Z is estimated to be worth $5 million
  • Paris Hilton's 20-carat pear-shaped diamond engagement ring from Chris Zylka was valued at $2 million
  • Jennifer Lopez's pink diamond engagement ring from Ben Affleck in 2002 was worth $2.5 million
  • Blake Lively's engagement ring from Ryan Reynolds features a 12-carat oval-cut diamond and is worth $2 million
  • Cardi B's engagement ring from Offset features an 8-carat pear-shaped diamond and is valued at $500,000
  • Hailey Bieber's oval-cut diamond engagement ring from Justin Bieber is estimated to be worth $500,000
  • Meghan Markle's engagement ring from Prince Harry features a 3-carat cushion-cut center diamond and is worth an estimated $350,000
  • Ariana Grande's engagement ring from Dalton Gomez features an oval-cut diamond alongside a pearl and is valued at $350,000
  • Demi Lovato's engagement ring from Max Ehrich featured a 10-carat emerald-cut diamond and was worth an estimated $1 million

Interpretation

In a world where love and extravagance intertwine, these jaw-dropping figures serve as sparkling testaments to the notion that diamonds are indeed forever, but wallets may need some serious TLC post-proposal. From Elizabeth Taylor's legendary Krupp Diamond to Kim Kardashian's blinding 15-carat dazzler from Kanye, these rings not only adorn fingers but also stand as bold declarations of opulence in the realm of celebrity matrimony. While some may argue that love is priceless, these eye-watering price tags hint that for the elite, it might just have a 7-, 8-, or even 9-digit value attached to it.

Diamond Facts

  • The largest diamond ever found was the Cullinan diamond, weighing 3,106 carats
  • The Hope Diamond, one of the most famous blue diamonds, is valued at $250 million
  • The term 'carat' comes from the carob seed, which was used as a standard of weighing precious stones
  • The largest faceted diamond is the Golden Jubilee Diamond, weighing 545.67 carats
  • The rarest diamond color is red, with fewer than 30 known to exist
  • Diamonds are formed deep within the Earth, typically at depths of 150 km or more
  • The Daria-i-Noor diamond, part of the Iranian Crown Jewels, weighs approximately 182 carats
  • Only about 30% of diamonds mined are of gem quality suitable for jewelry
  • The hardness of a diamond is 58 times harder than the next hardest mineral, corundum
  • The largest pink diamond ever discovered, the Lulo Rose, weighs 170 carats
  • Approximately 130 million carats of diamonds are mined worldwide each year
  • Diamonds can be dated using radioisotope dating, with some being over 3 billion years old

Interpretation

In a world where love and luxury often intertwine, the most expensive wedding ring represents a dazzling union of history, rarity, and geological wonder. From the legendary Cullinan diamond, a behemoth of beauty hewn from the Earth's depths, to the ethereal rarity of a red diamond with fewer than 30 known to exist, each facet of these jewels tells a story of time, pressure, and the enduring allure of the extraordinary. As the glittering Hope Diamond sparkles at a value of $250 million, one can't help but ponder the weight of love, legacy, and the eternal quest for the perfect symbol of commitment.

Market Trends

  • The average cost of an engagement ring in the United States is $5,900
  • Millennials spend an average of $3,000 on engagement rings
  • The global diamond jewelry market was valued at $79 billion in 2020
  • The global luxury jewelry market is expected to reach $40 billion by 2025
  • Online sales of engagement rings have increased by 30% in recent years
  • Lab-grown diamonds are becoming increasingly popular, with sales growing by 15-20% annually
  • The global diamond jewelry market is expected to grow at a CAGR of 3.7% from 2021 to 2028
  • Ethical and sustainable sourcing has become a key factor for 70% of engagement ring buyers
  • Customized engagement rings account for 45% of all engagement ring purchases
  • The average couple spends 3.5 months shopping for an engagement ring
  • 25% of engagement ring purchases are now made online
  • The global lab-grown diamond market is expected to reach $29.2 billion by 2025

Interpretation

In a world where love comes with a price tag, the statistics surrounding the most expensive wedding rings paint a dazzling portrait of modern romance. From the glitzy $79 billion global diamond jewelry market to the rise of ethical and sustainable sourcing capturing the hearts of 70% of engagement ring buyers, it seems that love truly sparkles in the light of changing consumer trends. As Millennials navigate the sea of online options and opt for lab-grown diamonds at a 15-20% annual growth rate, the traditional notion of splurging on a diamond ring is being reshaped. With customized rings taking center stage in 45% of all purchases, it's clear that in the game of love, a unique and socially-conscious sparkle may be the new status symbol.

Record-Breaking Rings

  • The most expensive wedding ring ever sold was the Pink Star diamond ring, which fetched $71.2 million at auction
  • The Blue Moon of Josephine diamond ring sold for $48.4 million in 2015
  • The Oppenheimer Blue diamond ring sold for $57.5 million in 2016
  • The Koh-i-Noor diamond, part of the British Crown Jewels, is estimated to be worth $1 billion
  • The world's first all-diamond ring, carved from a single diamond, was valued at $70 million
  • The 59.60-carat CTF Pink Star diamond ring holds the world record for the most expensive jewel ever sold at auction
  • The Graff Hallucination watch, featuring over 110 carats of rare colored diamonds, is valued at $55 million
  • The 'Incomparable' diamond necklace, featuring a 407.48-carat yellow diamond, is valued at $55 million
  • The Chopard 201-Carat Watch, featuring 874 diamonds, is worth $25 million
  • The Graff Venus, the largest D Flawless heart-shaped diamond in the world at 118.78 carats, is valued at over $30 million
  • The Wittelsbach-Graff Diamond, a 31.06-carat deep blue diamond, sold for $80 million in 2011
  • The Moussaieff Red Diamond, the largest known red diamond at 5.11 carats, is valued at $20 million

Interpretation

In a world where love knows no bounds, diamonds seem to have no limits either. From the Pink Star to the Oppenheimer Blue, these extravagant wedding rings redefine the meaning of "forever" with jaw-dropping price tags that could make even the most seasoned jeweler gasp. With an industry that thrives on sparkle and excess, these eye-watering numbers not only speak to the opulence of a select few but also serve as a stark reminder that when it comes to matters of the heart, some are willing to spare no expense, even if it means shelling out a cool billion for the Koh-i-Noor diamond. So, next time you think a simple band will do, remember, in the world of million-dollar rings, love truly does come with a hefty price tag.

Ring Characteristics

  • The most popular diamond cut for engagement rings is the round brilliant cut
  • The second most popular diamond shape for engagement rings is the princess cut
  • Platinum is the most expensive metal used for wedding rings
  • The most popular metal for engagement rings is white gold, accounting for 45% of sales
  • The average center stone size for engagement rings is 1.2 carats
  • Halo settings account for 25% of all engagement ring styles
  • Rose gold engagement rings have seen a 14% increase in popularity over the past five years
  • Emerald-cut diamonds have increased in popularity by 25% for engagement rings in recent years
  • Three-stone engagement rings account for 15% of all engagement ring styles
  • Oval-cut diamonds have seen a 19% increase in popularity for engagement rings in the past year
  • Yellow gold engagement rings have experienced a 10% resurgence in popularity over the past three years
  • Bezel settings account for 8% of all engagement ring styles

Interpretation

In the ever-evolving world of wedding ring trends, it seems that diamonds truly are a girl's best friend, with round brilliant and princess cuts reigning supreme. While platinum may be the metal of choice for those looking to spare no expense, white gold continues to dazzle as the most popular choice for engagement rings. From the timeless allure of halo settings to the modern elegance of rose gold, it's clear that individuality and personal style are at the forefront of ring design. With emerald and oval cuts on the rise, and yellow gold making a bold comeback, one thing is for certain – when it comes to love and fashion, there's no shortage of sparkle in sight.

References