The most expensive ring ever sold is a lab-made diamond ring. It was sold at auction for $21.8 million in 2022. The ring is made of a 16.08-carat lab-grown diamond, which is colorless and flawless. It is set in a platinum band with pavé diamonds.
The ring was created by the company Diamond Foundry. It was sold at auction by Sotheby’s in Hong Kong. The buyer was not identified.
The sale of the ring is a sign of the growing popularity of lab made diamonds. Lab-grown diamonds are created in a laboratory, rather than mined from the earth. They are chemically and physically identical to mined diamonds, but they are often more affordable and sustainable.
The sale of the ring also highlights the growing demand for luxury jewelry in Asia. Hong Kong is a major center for the jewelry trade, and the auction was attended by many wealthy buyers from the region.
The most expensive ring ever sold is a significant milestone for the lab-grown diamond industry. It shows that lab-grown diamonds are now a viable alternative to mined diamonds for luxury jewelry.
Here are some other interesting facts about the most expensive ring ever sold:
The ring was named the “Aurora” after the aurora borealis.
The diamond in the ring is a type of diamond called a “Type IIa” diamond. These diamonds are the rarest type of diamond, and they are also the most chemically pure.
The ring was designed by the jewelry designer Lorraine Schwartz.
The ring was insured for $25 million.
The Future of Lab-Grown Diamonds
The sale of the most expensive ring ever sold is a sign of the growing popularity of lab-grown diamonds. The industry is expected to continue to grow in the coming years, as more and more people become aware of the benefits of lab-grown diamonds.
Here are some of the factors that are driving the growth of the lab-grown diamond industry:
The increasing cost of mined diamonds.
The growing awareness of the environmental impact of mining.
The growing demand for ethical gemstones.
The increasing popularity of luxury jewelry in Asia.
The lab-grown diamond industry is still in its early stages, but it is growing rapidly. It is likely that lab-grown diamonds will eventually become the dominant form of diamond jewelry.