How much for the blood diamond?

January 26, 2007 7:52 PM

I just watched the film Blood Diamond and am currently wondering just how much would that very sought after diamond actually be sold for?

I've never even set foot inside a diamond store so I am clueless. it seems like it must be worth a lot, what with all the jungle trekking and blood shed.

I believe that pink diamonds are worth more... But like, how much are we talking here?

posted by dobie to shopping (5 comments total)

It looks like the blood diamond was about the size of the hope diamond, or ~45 carats. This site reports a 27.2 carat diamond selling for $27,008 per carat, or
$734,617.6 total. Given that value per carat increases with number of carats a 45 carat diamond would be worth quite a bit, even without color.
posted by thrako at 9:02 PM on January 26, 2007

Millions. That thing was huge, and they implied that it was of extremely high clarity. A high-quality pink diamond that size would sell for absolutely huge amounts of money, because while diamonds are not all that rare, that kind of diamond is exceedingly rare. I don't think they need to restrict supply on diamonds like that, as they do for regular-sized white diamonds.
posted by Dasein at 9:03 PM on January 26, 2007

thrako, because as size increases, availabilty decreases exponentially, not geometrically, price increases similarly. You can't just double the price of a diamond half as big to get your answer. And coloured diamonds are also much rarer.
posted by Dasein at 9:12 PM on January 26, 2007

Dasein,
That's what thrako is saying, it would be worth even more than $27,008 per carat because it's larger. Also, geometrically = exponentially.
posted by Durin's Bane at 5:09 AM on January 27, 2007

Sorry, I meant "arithmatically," where I said geometrically. You're quite right.

And, yes, I can see that I misread thrako's post. Serves me right for staying up late. Just ignore that last comment of mine, then.
posted by Dasein at 10:21 AM on January 27, 2007