Deborah Chan
Wedding rings are a symbol of love and commitment, and for some, they are also a symbol of wealth and status. While there are many exquisite and expensive wedding rings, one of the most talked-about 8-carat wedding rings is that of Vanessa Bryant, gifted to her by Kobe Bryant. This unique purple 8-carat diamond ring, designed by Jaffe, is valued at $6.6 million. The ring stands out for its rare colour, significant carat weight, and top-tier craftsmanship.
| Characteristics | Values |
|---|---|
| Paris Hilton's ring | $7.3 million |
| Jennifer Lopez's ring | $7.3 million |
| Beyoncé's ring | $7 million |
| Melania Trump's ring | $6.4 million |
| Vanessa Bryant's ring | $6.6 million |
| Kim Kardashian's ring | $5.2 million |
| Serena Williams's ring | $3.7 million |
| Alexa Dell's ring | $3 million |
| Blake Lively's ring | $2.6 million |
| Jennifer Garner's ring | $500,000 |
| Catherine Zeta-Jones's ring | $2.5 million |
| The Pink Star Diamond Ring | $71.2 million |
| The Winston Blue Diamond Ring | $23.8 million |
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What You'll Learn
The Pink Star Diamond
The diamond was sold at a Sotheby's auction in Hong Kong in April 2017 for a record-breaking $71.2 million, making it the most expensive diamond or jewel ever sold at auction. The buyer was Chow Tai Fook Enterprises, a Hong Kong-based luxury jewellery retailer, which renamed the diamond the CTF Pink.
Prior to the 2017 auction, the Pink Star Diamond had a tumultuous history. It was first displayed as the Steinmetz Pink in 2003 and was sold four years later to an undisclosed buyer. In 2013, it was auctioned by Sotheby's Geneva and sold for $83 million to New York diamond cutter Isaac Wolf, who defaulted on the payment. This set a new benchmark for gemstone prices at the time.
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The Eternal Pink Diamond Ring
The brilliant pink diamond is surrounded by smaller, trapezoid-cut diamonds, which are colourless. This central stone is a truly unique and special diamond, with its rare colour and high degree of colour saturation. The ring sold at a Sotheby's auction in New York in June 2023 for $34.8 million, making it one of the most expensive diamond rings in the world.
While the Eternal Pink Diamond Ring is exceptionally valuable, it is not the most expensive ring ever sold. The Pink Star Diamond Ring, another rare Type IIa pink diamond, holds that record. The Pink Star sold for $71.2 million at auction in 2013, with the final price, including commission, reaching $83 million. This sale demonstrates the extreme value and desirability of rare pink diamonds, which are considered some of the most valuable gemstones in the world.
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The Williamson Pink Star
The diamond was yielded from a 32-carat rough diamond at the Williamson Mine in Tanzania, one of the oldest operating diamond mines in the world. The mine is famed for producing bubble-gum-pink diamonds, and the stone was expertly cut by Diacore, a rare diamond manufacturer, to showcase its innermost beauty. The final product is a dazzling cushion-cut diamond with an 18K rose and white gold setting, adorned with trapeze-cut diamonds and smaller light pink diamonds.
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The Krupp Diamond
The diamond was originally named after the Krupp family of German industrialists and was owned by Vera Krupp, a German actress, before it was purchased by Burton. Krupp received the ring from her wealthy industrialist husband, Alfred Krupp, sometime between 1952 and 1956. The diamond was stolen from Krupp in 1959 during a robbery at her ranch outside Las Vegas. The FBI recovered the diamonds and they were reset in their original platinum band by Harry Winston.
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Beyoncé's 24-carat diamond ring
Jay-Z purchased the ring for a reported $5 million in 2007, the year before he and Beyoncé tied the knot in a private ceremony. The ring first came into the public eye in 2008 when Beyoncé attended the Fashion Rocks event at Radio City Music Hall in New York. The ring's striking design and enormous central diamond immediately caught the attention of the media and fans, leaving a lasting impression and sparking a trend for emerald-cut diamonds and solitaire settings.
The centre stone of Beyoncé's ring is not only impressive for its size but also for its exceptional quality. The diamond is internally flawless, a rare characteristic for larger diamonds, and is a Type IIa diamond, a category of diamonds with no measurable impurities. This combination of high carat weight, flawless clarity, and expert craftsmanship makes the ring a truly extraordinary piece.
The ring's designer, Lorraine Schwartz, is known for her use of fine diamonds and her ability to create breathtaking, one-of-a-kind designs. Beyoncé's ring is a perfect showcase of Schwartz's creative abilities, with its elegant design and meticulously crafted setting enhancing the beauty of the central diamond. The ring's estimated worth has likely increased since Jay-Z's purchase, reflecting the ring's exquisite craftsmanship, rare characteristics, and cultural significance as one of the most famous celebrity engagement rings.
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Frequently asked questions
The most expensive wedding ring in the world is the CTF Pink, previously known as the Pink Star. This ring features a 59.60-carat oval-shaped, fancy vivid pink, and rare Type IIa diamond. It was purchased by Hong Kong-based jewelry company Chow Tai Fook for $71.2 million at a Sotheby’s auction in Hong Kong in 2017.
Other expensive wedding rings include the Bleu Royal, which sold for $43.8 million at a Christie's auction in Geneva in 2023, and the Williamson Pink Star, which sold for $57.7 million at a Sotheby's auction in Hong Kong in 2022. The Krupp diamond, a 33.19-carat stone with an Asscher cut, is also considered one of the priciest, selling for $8.8 million at a Christie's auction in 2011.
Celebrity wedding rings can also be extremely expensive. Mariah Carey received a 35-carat emerald-cut jewel worth $10 million. Kourtney Kardashian received an oval-shaped diamond ring estimated to cost up to $1 million. Paris Hilton has also received multiple expensive engagement rings, with one worth over $7 million.
The price of a wedding ring is influenced by various factors, including the carat size, diamond quality, cut, and rarity of the gemstone. The average carat size sold in the US is 1 carat, ranging from $2,000 to $16,000 depending on quality. Rare diamonds, such as the Pink Star, command higher prices due to their unique characteristics and limited availability.
