So high-end fashion is your game, and you love all things super luxe – from handbags to red-bottomed shoes to sunglasses. How about your jewelry?
If your mind immediately jumps to diamonds, well, you’re not entirely wrong. But you’re not entirely right, either. All gemstones, including diamonds, are one of earth’s natural wonders. Their rarity makes them even more sought after – yes, as is the case with diamonds. But throughout history, different gemstones have topped the hierarchy for a number of reasons: healing powers, religious symbolism, and beauty, to name a few.
You might think diamonds are at the top of the pecking order, but oddly enough they don’t even come close when it comes to truly (note – mostly unaffordable) luxury. But if you’re a cash-heavy fashionista willing to throw caution to the wind, you’ll probably want to take a look at the following.
Tanzanite: $1,200 per carat
Tanzanite is as precious as it is rare. It’s only found in Northern Tanzania, specifically in the foothills of Mount Kilimanjaro, and it’ll set you back a pretty penny. But it sure will look good on you if fashion is your thing, and trust us: this gemstone is very much in fashion.It all started with Tiffany and Co. when it began using it deep blue and purple color.
The cost of $1,200 doesn’t seem all that bad right now, so you may want to jump in while the getting is good. But definitely expect prices to pop in the coming years. Experts say within the next two decades the price could easily more than double because of dwindling supply.
Pearls: Cost varies depending on type and quality
Yes, that simply little pearl necklace you own could be worth a lot more than you think. Laguna Pearl, a popular U.S.-based online pearl retailer, even said that due to demand they’ve had trouble keeping certain pieces in stock, specifically their earrings. Why? It all comes down to supply and demand. The gemstone has seen a major resurgence lately and geopolitical tensions and environmental pressures in key pearl cultivation zones are sending prices soaring.
Fun fact: The world’s largest freshwater pearl recently sold at auction for $400,000, and less than a year a single pearl fetched $1.45 million.
Black Opal—$9,500 per carat
Ouch. That’s going to hurt the wallet. But if you’re the type that has to have the best of everything, look no further than rare black opal. A black opal recently sold for more than $3 million at auction. That particular piece was exceptionally rare – like, 306 carats rare. But smaller sizes still fetch a high price.
Musgravite—$35,000 per carat
And you thought black opal was bad! For $35,000, you can own some of your very own Musgravite and show it off to your friends. Just make sure it matches your handbag.
According to the GIA, Musgravite is highly sought after by rare stone collectors. Back in 2005, miners were only able to dig up eight gem-quality pieces of this gemstone. And remember, rare means expensive.
Alexandrite—$70,000 per carat
Depending on the light, this stone is never quite the same color. It’s like a chameleon, known for changing colors under certain conditions, but rest assured this color-changing rock is a lot pricier and more prestigious than the mood ring you’re probably thinking of. It is primarily found in Russia but have popped up from time to time in Sri Lanka, Tanzania, and India.
Pink and Blue Diamonds—>$1.19 million per carat
OK, so diamonds made the list after all. I mean, what fashionista could truly consider themselves a fashionista if they didn’t have a girl’s best friend in their repertoire? Colorless diamonds used to be the prize, but pink and blue diamonds generally put them to shame. Pink diamonds are arguably the rarest; they regularly sell for over $1 million per carat at auction, and in 2017, a stunning pink diamond weighing 59.60-carats was sold at a Sotheby’s auction in Hong Kong for a record-breaking $71.2 million.
Jadeite—$3 million per carat
A Chinese favorite, owning imperial jade is a sign of wealth, luxury and prestige. Imperial Jade is by far the most valuable because of its rich, deep green color.