Comments on: How much for the blood diamond?

Question: How much for the blood diamond?

dobie — Fri, 26 Jan 2007 19:52:13 -0800

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?

By: thrako

thrako — Fri, 26 Jan 2007 21:02:37 -0800

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.

By: Dasein

Dasein — Fri, 26 Jan 2007 21:03:04 -0800

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.

By: Dasein

Dasein — Fri, 26 Jan 2007 21:12:09 -0800

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.

By: Durin's Bane

Durin's Bane — Sat, 27 Jan 2007 05:09:18 -0800

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.

By: Dasein

Dasein — Sat, 27 Jan 2007 10:21:57 -0800

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.