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The paradox of value (also known as the diamond–water paradox) is the paradox that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market. The philosopher Adam Smith is often considered to be the classic presenter of this paradox, although it had already appeared as ...
Robert Mouawad (1979–present) The Taylor–Burton Diamond, a diamond weighing 68 carats (13.6 g), became famous in 1969 when it was purchased by actors Richard Burton and Elizabeth Taylor. Burton had previously been the underbidder when jeweller Cartier bought the diamond at auction for $1,050,000, setting a record price for a publicly sold ...
Princess cut. Princess cut diamond set in a ring. The princess cut (technical name 'square modified brilliant') is a diamond cut shape often used in engagement rings. The name dates back to the 1960s, while the princess cut as it exists was created by Betazel Ambar, Ygal Perlman, and Israel Itzkowitz in 1980. The cut has a square or rectangular ...
The Elizabeth Taylor Diamond, formerly known as the Krupp Diamond, is a 33.19-carat (6.638 g) diamond that was bought by Richard Burton for his wife, Elizabeth Taylor in 1968. The diamond was one of a number of significant pieces of jewellery owned by Taylor, her collection also included the 68 carat Taylor–Burton Diamond, which was bought by ...
Engagement ring. Two engagement rings, as traditionally worn on the ring finger of the left hand. An engagement ring, also known as a betrothal ring, is a ring indicating that the person wearing it is engaged to be married, especially in Western cultures. A ring is presented as an engagement gift by a partner to their prospective spouse when ...
Unknown (was Philip Oppenheimer) Estimated value. $50.6 million. The Oppenheimer Blue is a 14.62-carat (2.924 g) vivid blue diamond that in May 2016 became the most expensive jewel ever sold at auction, until April 2017 when it was surpassed by the Pink Star diamond. [1][2][3] The diamond was named for its previous owner Philip Oppenheimer. [4]
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