Sterling Canyon announces the sale of rare and fantastic diamonds at a Sotheby’s auction to take place in Hong Kong April 3rd. The highlight of the show are colored diamonds, large, pink or blue diamonds that are estimated to fetch $75-$92 million. These stones are the real thing, and for the millionaires in my group, these are something to consider. High quality large colored diamonds are very rare. They are certainly to bring top dollar. On the other hand, black diamonds which probably won’t be in the lot are wildly popular now a days. You can find them at virtually every jewelry store and probably at Walmart.
Why Walmart? Most mass market black diamonds are poor quality white diamonds that have been irradiated. The zapping causes the carbon to turn dark brown. The longer the zapping, the darker they are. Never reaching a true black. The quality of these diamonds are at a level that they wouldn’t be sellable if they remained white or clear. So there you are folks. For the wealthy readers, go for the auction in Hong Kong. For the poor, settle on black diamonds from Walmart.