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The 20 Most Expensive Engagement Rings: A Glimpse into Extravagance

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When it comes to engagement rings, some people spare no expense. From rare diamonds to custom designs, these fancy rings are some of the most expensive in the world. But why are engagement rings so expensive? And what makes them worth the high price tag? In this article, we will explore the top 20 most expensive engagement rings in the world and the reasons behind their hefty price tags.

The Pink Star – $71.2 million

The Pink Star

The Pink Star diamond is the most expensive engagement ring in the world, selling for a whopping $71.2 million at an auction in 2017. This 59.60-carat oval cut diamond is the largest internally flawless fancy vivid pink diamond ever graded by the Gemological Institute of America (GIA).

The Oppenheimer Blue – $50.6 million

The Oppenheimer Blue

The Oppenheimer Blue diamond is a 14.62-carat fancy vivid blue diamond that sold for $50.6 million at an auction in 2016. This rare diamond was once owned by Sir Philip Oppenheimer, a member of the famous diamond family.

The Blue Moon of Josephine – $48.5 million

This 12.03-carat cushion-cut fancy vivid blue diamond sold for $48.5 million at an auction in 2015. The diamond was named after the daughter of the buyer, Hong Kong billionaire Joseph Lau, who purchased it as a gift for her.

The Pink Promise – $32.5 million

The Pink Promise

The Pink Promise diamond is a 14.93-carat fancy vivid pink diamond that sold for $32.5 million at an auction in 2017. This diamond is known for its exceptional clarity and color, making it a highly sought-after gem.

The Graff Pink – $46 million

The Graff Pink diamond is a 24.78-carat fancy intense pink diamond that sold for $46 million at an auction in 2010. This diamond was once owned by American jeweler Harry Winston and was later purchased by Laurence Graff, a British jeweler.

The Winston Blue – $23.8 million

The Winston Blue diamond is a 13.22-carat fancy vivid blue diamond that sold for $23.8 million at an auction in 2014. This diamond was named after its previous owner, American jeweler Harry Winston.

The Pink Legacy – $50.3 million

The Pink Legacy

The Pink Legacy diamond is an 18.96-carat fancy vivid pink diamond that sold for $50.3 million at an auction in 2018. This diamond is known for its exceptional color and was once owned by the Oppenheimer family.

The Perfect Pink – $14 million

The Perfect Pink diamond is a 14.23-carat fancy intense pink diamond that sold for $14 million at an auction in 2010. This diamond is known for its perfect cut and color, making it a highly coveted gem.

The Moussaieff Red – $20 million

The Moussaieff Red diamond is a 5.11-carat fancy red diamond that sold for $20 million at an auction in 2001. This diamond is the largest known red diamond in the world and is considered extremely rare.

The Pink Promise II – $32.4 million

The Pink Promise II

The Pink Promise II diamond is a 16.10-carat fancy vivid pink diamond that sold for $32.4 million at an auction in 2018. This diamond is known for its exceptional clarity and color, making it a highly sought-after gem.

Why Are Engagement Rings So Expensive?

Engagement rings are expensive for a variety of reasons. The most obvious reason is the rarity and quality of the diamonds used in these rings. Fancy-colored diamonds, like pink and blue, are extremely rare and can demand high prices. Additionally, the craftsmanship and design of these rings can also contribute to their high cost.

Conclusion

From rare diamonds to custom designs, these are the 20 most expensive engagement rings in the world. While the price tags may seem exorbitant, the rarity and quality of these diamonds make them highly coveted by collectors and buyers alike. So, if you’re in the market for an expensive engagement ring, be prepared to spend a pretty penny.

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