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The Moussaieff Red Diamond (formerly known as the Red Shield Diamond) is a diamond measuring 5.11 carats (1.022 g) with a triangular brilliant cut (sometimes called a trillion or a trilliant cut), rated in color as Fancy Red by the Gemological Institute of America. It is the world's largest known red diamond, the rarest of all diamond colors.
[5] [disputed – discuss] The rings commissioned by the Florida Marlins after the 2003 World Series are believed to be among the most expensive World Series rings ever made; made of 14-carat white gold, the 3.5-ounce (99 g) ring featured 229 diamonds, including one teal diamond, and 13 rubies. The rings cost $20,000 apiece due to the quantity ...
A 5.05-carat (1.010 g) Emerald-cut red diamond formerly known simply as "Red Diamond". This is the second-largest known red diamond. It was cut from a 35-carat (7.0 g) piece of boart discovered near Lichtenburg, South Africa. It reappeared in 2007 after a 37-year absence from sight, and was purchased by Kazanjian Brothers Inc. —
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Furthermore, it is much more cost effective to purchase a near-colorless grade diamond (e.g. "G" rated) instead of a colorless grade diamond (e.g. "D" rated), as they are nearly indistinguishable to the naked untrained eye, especially when mounted on a ring setting. [15]