How Much Is A Chocolate Diamond Worth?
When it comes to the value of a chocolate diamond, also known as a brown diamond, there are several factors to consider. These gem-quality brown diamonds have gained popularity in the jewelry industry for their transparency, clarity, and attractive color suitable for diamond jewelry. Ranging in color from light champagne to deep brown, with medium tones being the most common, these diamonds owe their brown color to nitrogen impurities that can be altered to a beautiful shade with the right amount of heat.
It’s important to note that the term “chocolate diamonds” is a registered trademark of Le Vian, a renowned jewelry company based in New York. Le Vian has specific grading criteria for their Chocolate Diamonds®, which include color, clarity, and responsible sourcing. Less than 1% of the world’s gem-quality diamonds qualify as Chocolate Diamonds® according to their standards.
The value of chocolate diamonds has significantly increased over the years, now reaching prices up to $10,000 per carat. This rise in value reflects their rarity and exclusivity in the market. So, if you’re considering purchasing or assessing the worth of a chocolate diamond, understanding these aspects is crucial.
The History of Chocolate Diamonds
The history of chocolate diamonds can be traced back to the 1980s when the Argyle Mine in Australia became a major source of brown diamonds, including the famous chocolate diamonds. The Argyle Mine is responsible for producing around 80% of the world’s brown diamonds and is also known for its pink diamond production.
However, brown diamonds were not considered desirable for jewelry until a marketing campaign by Le Vian in the 2000s. Le Vian introduced the term “chocolate diamonds” and trademarked it to create a unique branding for their high-quality brown diamonds.
This marketing campaign, along with celebrity endorsements and collaborations with major designers, helped increase the popularity and demand for chocolate diamonds.
Despite the recent closure of the Argyle Mine, there are still brown diamonds from this source available in the market, and other diamond mines around the world have started producing their own chocolate diamonds.
Chocolate Diamond Prices and Considerations
The value of chocolate diamonds can vary based on several factors, including color, clarity, carat weight, and overall quality. While brown diamonds, including chocolate diamonds, are generally more affordable compared to white diamonds, their prices have seen a significant increase over the years. In fact, these exquisite diamonds can now reach prices of up to $10,000 per carat, highlighting their rarity and exclusivity.
When considering chocolate diamonds as an investment, it’s crucial to understand that the value of diamonds can be subjective and influenced by various market factors. While some exceptional and rare diamonds may appreciate in value over time, this is not guaranteed for all diamonds. Therefore, it’s essential to approach diamond investment with caution and be well-informed about the market trends.
When purchasing a chocolate diamond, there are several factors that you should consider to ensure you are making a wise investment. First and foremost, pay close attention to the specific color grade and clarity grade of the diamond. These determinants significantly impact the overall worth of the stone.
Additionally, it’s important to prioritize responsible sourcing and purchase from reputable sources. Ensuring that your chocolate diamond comes with proper documentation and certification can add value and peace of mind to your purchase.
Ultimately, the decision to buy a chocolate diamond should be based on your personal preference and admiration for its unique color and beauty. Whether you are adding to your collection or looking for a stunning piece of jewelry, chocolate diamonds offer a distinctive and elegant choice.
