We have all seen pictures of the enormous diamond engagement and wedding rings that top celebrity superstars like Beyoncé and Jennifer Lopez have been photographed wearing, but how much do these diamond rings cost and can you ever afford one, and if so how long would it take for you to save up to buy a diamond ring like that? According to the US Census, the median household income is $51,017. Using this average salary, this is how long it would take the average American to buy one of the world’s top ten most expensive diamonds, assuming that one’s entire income would go towards saving up for a ring!
- Allnatt Diamond. The Allnatt Diamond estimated worth is $3 million, and would take the average American almost 59 years to buy this diamond. The Allnatt Diamond is named after Major Alfred Ernest Allnatt, a previous owner of the diamond. The diamond is a cushion cut yellow diamond and over 101 carats.
Allnatt Diamond: $3 million, 101.29 carats
Years it would take to buy: 59 years
- The Moussaieff Red Diamond. The Moussaieff Diamond is worth $7 million dollars, and as the name suggests, the diamond is a brilliant red color. The diamond is over 5 carats and is triangular in shape. It would take the average American 137 years to buy this rare diamond, which is also the largest red diamond every rated by the Gemological Institute of America.
The Moussaieff Red Diamond: $5 million, 5.11 carats
Years it would take to buy: 137 years
- The Heart of Eternity. The Heart of Eternity Diamond is valued at $16 million and is a vivid blue diamond cut into a heart shape. This diamond is over 27 carats and it would take the average American 314 years to afford this exquisite diamond.
The Heart of Eternity Diamond: $16 million, 27.64 carats
Years it would take to buy: 314 years
- Wittelsbach Diamond. The Wittelsbach Diamond is over 35 carats and worth $16.4 million. This blue diamond would take the average American 321 years to buy this diamond. The Wittelsbach Diamond was part of both the Austrian and Bavarian crown jewels.
Wittelsbach Diamond: $16.4 million, 35.36 carats
Years it would take to buy: 321 years
- The Steinmetz Pink. The Steinmetz Pink Diamond is valued at $25 million and is a largest known vivid pink diamond ever. The diamond is over 59 carats and would take the aver American 490 years to buy if it was available for sale. This diamond is part of the Smithsonian Museum collection, located in Washington D.C.
Steinmetz Pink Diamond: $25 million, 59.60 carats
Years it would take to buy: 490 years
- Centenary Diamond. The De Beers Centenary Diamond is the highest grade of diamond in terms of being colorless and internally flawless. The diamond is worth $100 million and is over 273 carats. It would take the average American 2,450 years to buy this diamond, well over several lifetimes.
Centenary Diamond: $100 million, 273.85 carats
Years it would take to buy: 2,450 years
- Hope Diamond. The Hope Diamond is one of the world’s largest and most legendary diamonds. This blue diamond is valued at $350 million is approximately 45 carats. Like the Steinmetz Pink Diamond, the Hope Diamond is part of the Smithsonian Museum’s diamond collection. It would take the average American 9,310 years to purchase this diamond if it was available on the market.
Hope Diamond: $350 million, 45.52 carats
Years it would take to buy: 9,310 years
- Cullinan Diamond. The Cullinan Diamond also referred to the Star of Africa is 530 carats and had the distinction of being the largest diamond in the world until 1985. The Cullinan Diamond is worth $400 million and is over 545 carats. This diamond is the largest rough gem quality ever mined in the world and it would take the average American 7,840 years to purchase it.
Cullinan Diamond: $400 million, 530.2 carats
Years it would take to buy: 7,840 years
- Sancy Diamond. The value of the Sancy diamond is unknown, which makes this diamond priceless. The Sancy Diamond is pale yellow and once belonged to the Great Moguls that ruled India. This diamond has the unique distinction of being the first diamond to be cut with symmetrical facets, which are the flat surfaces of a diamond. The diamond is 55 carats and is part of the French Crown Jewel collection, which is housed in the world famous Louvre Museum in Paris, France.
Sancy Diamond: Priceless, 55.23 carats
Years it would take to buy: thousands of lifetimes
- Koh-i-Noor. The Koh-i-Noor Diamond, which translates into Mountain of Light in Farsi is 105 carats. Like the Sancy Diamond, the Koh-i-Noor’s value is unknown and is classified as priceless. Although this diamond has exchanged different owners through the spoils of war in India, ultimately it was acquired by the East India Company and became part of the British Crown Jewels.
Koh-i-Noor Diamond: Priceless, 105.60 carats
Years it would take to buy: thousands of lifetimes
Like most American, clearly all of these diamonds will be out of your price range when shopping for a diamond engagement ring. Luckily, diamondhedge.com, a website that allows you to find the best price for a diamond according to your specifications for cut, clarity, color, carat, and price that will help you find the right diamond within your budget! For more information about diamonds, visit www.diamondhedge.com, world’s first diamond price comparison site.