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The 10 Most Expensive Gemstones

All through history humans have worn jewellery and placed value on pretty things. The first necklaces and bracelets were made of bits of shell, rocks and even bone left over from hunting expeditions.

All through history humans have worn jewellery and placed value on pretty things. The first necklaces and bracelets were made of bits of shell, rocks and even bone left over from hunting expeditions. No one knows when man first discovered gemstones but in early civilizations they made them into amulets and were thought to hold power. Some people still believe gemstones can have power and meaning. Amethyst is the birthstone for the month of February, the stone is used by healers and thought to help insomnia and bring pleasant dreams by keeping it under a pillow at night. Others are worn to bring financial gain, luck and to ward off evil.

Crystals take millions of years to form in the rock, and only a small percentage of precious stones are ever found, mined, cut and sold as expensive jewellery. The value of a gemstone is determined by many factors including cut, size and clarity. They are divided into two categories, diamonds and colored gemstones. The rubies, pearls, emeralds and sapphires are all classified as colored gemstones. These gems are well-known in our culture as being valuable and coveted, but these stones are not the rarest and most expensive ones on the market.

Diamonds can be found in different areas around the world, but some of the rarest gems have only been found in a single location. Diamonds may be sparkly and look beautiful made into almost anything but for the wealthy it may be time to consider something a little more exotic. There are plenty of hidden treasures to be found, each with different characteristics and beauty. For the purposes of this list, the cost of the gemstones is estimated on the value of a single carat.

10 Tanzanite: $600 - $1,000

9 Taaffeite: $1,500 - $2,500

8 Black Opal: $2,355

7 Benitoite: $3,000 - $4,000

6 Red Beryl: $10,000

5 Alexandrite: $12,000

4 Jadeite: $20,000

3 Musgravite: $35,000

2 Painite: $50,000 - $60,000

1 Pink Star Diamond: $1.4 Million

The Pink Star Diamond is a single flawless fancy vivid pink diamond mined in 1999 in South Africa. It weighs 59.6 carats and was sold in a November auction at Sotheby's for $83 million dollars, that's $1.4 million per carat. The price is higher than any gem or diamond ever sold at auction. Colored diamonds are worth much more than their clear counterparts and the average pink diamond is under five carats, or 12 times less than the Pink Star.

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The 10 Most Expensive Gemstones