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Are diamonds worth a lot of money?

Updated: 9/18/2023
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13y ago

Best Answer

Generally, yes.

From MostExpensive.com:

"The world's most expensive diamond sold for $24.3 million, beating a previous record of $16.5 million for a 100-carat diamond in 1995. While the [35.56 carat] Wittelsbach is the most expensive diamond ever sold at auction -- and likely the most expensive diamond ever sold, period -- the world-famous Hope diamond [of about the same colour] would no doubt put the Wittelsbach to shame were it ever sold."

Read more about this stone, below.

On a more realistic level, because diamonds are so valuable, most people who own diamonds -- and other precious gems -- insure them against loss. Buying a diamond is a major purchase and often a major investment.

Unlike buying a car, for example, that can end up scrapped in a junk yard over time, a diamond will always maintain its (gemologist's appraised) value.

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13y ago
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