For the Record: Jewelry History’s Biggest, Most Expensive & Shocking Stats



Human beings will go to great lengths for jewelry. We mine high up along the Arctic Circle or more than 2 miles below the earth’s crust. Precious metals and gemstones are bought at auction, given as gifts to rulers of sovereign and corporate ­empires—sometimes even hidden away or stolen.

The jewelry industry has generated no shortage of superlative statistics and scintillating stories in its rich history, and today, these facts can be critical touchpoints for connecting with a new kind of consumer. In an era where millennial shoppers are looking to ­reinvent tradition and make their ­jewelry purchases unique, going beyond the numbers can help such customers craft a narrative around their investments. The value of some of these gems is jaw-dropping, but the value their backstories give the industry is greater still.

187.7 carats

Weight of the Foxfire diamond, unearthed in the remote Diavik mine in Canada’s frigid Northwest Territories. Discovered in 2015, it is the biggest gem-quality uncut diamond ever found in North America.

 

$129 billion

Collective value of all the gold mined in 2016 (Source: Thomson Reuters)

 

40.2 carats

Size of the Uncle Sam diamond, the largest diamond discovered in the United States. It was unearthed at Arkansas’ Crater of Diamonds State Park in 1924.

 


$137,235,575

Total proceeds from the sale of renowned diamond-lover Elizabeth Taylor’s expansive jewelry collection by Christie’s New York in 2011, making it the most valuable jewelry collection ever auctioned.

 

1613

The year Mellerio dits Meller was established. The French jewelry store catered to generations of European royals and is the oldest jewelry store in the world as well as the oldest family-run business in Europe, according to Forbes. (Vintage coral jewel, pictured at top, courtesy of Mellero dits Meller)

 

59%

Amount of gold mined in 2016 used for jewelry (Source: Thomson Reuters)

 

17.4%

Share of U.S. market held by category leader Signet Jewelers Ltd.

 


1785

The year that Revolutionary War veteran Christian Bixler III opened Bixler’s Jewelers (pictured) in Pennsylvania. The oldest jewelry store in the United States stayed in the family for 221 years before being sold in 2006.


365,000+

Number of people educated by the GIA since the organization’s inception in 1931

 

27,850 / 23,429 / 21,007*

Number of jewelry businesses in North America in 1997, 2007, and 2017, respectively (*as of the end of 2016)

 


$30.3 million

Price paid in 2015 at a Sotheby’s auction for the Sunrise Ruby, the world’s most expensive ruby. The 25.6 ct. Burmese ruby was mounted between two large diamonds onto a ring by Cartier.

 

153 million

Estimated number of recoverable carats at Russia’s Yubileyny diamond mine, the world’s largest

 


2.5 miles

Depth of AngloGold Ashanti’s Mponeng gold mine in South Africa, the deepest in the world. At that depth, the mine walls are 140 degrees Fahrenheit, cooled with an elaborate system of giant fans and pipes pumping ice slush from the surface.

 

752 pounds

Size of the famed Bahia—the world’s largest, and possibly unluckiest, emerald. Since its discovery in Brazil in 2001, it has been embroiled in lawsuits and intrigue.

 

$71.2 million

Price paid for the 59.6 ct. Pink Star, a fancy vivid pink internally flawless oval diamond, at Sotheby’s Hong Kong in April, setting the world record as the most expensive gem ever sold at auction.

 

$6,163

Average price of an engagement ring in 2016. That’s more than 20 percent higher than five years earlier; in 2011, the average cost was a comparatively inexpensive $5,095. (Source: The Knot)

 


75 pounds

Weight of what is believed to be the largest pearl in the world, found in the waters off the Philippines in 2005 by a fisherman who kept it as a good luck charm for more than a decade.

 

$34.7 billion

Collective revenue of American jewelry retailers in 2016

 

545.7 carats

Weight of the Golden Jubilee Diamond—the largest faceted diamond (of any color) in the world. This yellowish diamond clocked in at 755.5 cts. when found.

 

360,000 carats

A Frost & Sullivan estimate of the amount of lab-grown diamonds produced in 2014.

 

1477

Year that Holy Roman Emperor Maximilian I gave the first known diamond engagement ring to his wife-to-be, Mary of Burgundy, while he was still Archduke of Austria. (In 1947, 470 years later, De Beers would debut its “A Diamond Is Forever” ad campaign.)

 


3,827

Number of diamonds set into the dazzling Peacock Ring. Certified by Guinness World Records as the ring set with the largest number of diamonds, the Peacock has an estimated value of $2,744,525.

 

3,106.8 carats

Weight of the Cullinan Diamond—the largest gem-quality white diamond ever mined. It was discovered in South Africa in 1905 and subsequently cut into gems, some of which adorn the British crown jewels.

 

$20 million

Value of a fictional necklace that became a real-life treasure, when Harry Winston ­re-created Titanic’s Heart of the Ocean necklace for actress Gloria Stuart to wear at the 1998 Academy Awards—still officially the most expensive single piece to grace the Oscars red carpet.

 

13.7 pounds

Weight of the largest faceted gemstone in the world, the El-Dorado Topaz, which tips the scales at 31,000 cts. Unearthed in Brazil in 1984, the stone was a backbreaking 81.6 pounds in the rough.


(Taylor: Everett Collection; boat: 79Photography/Getty; mine: Graeme Williams/Gallo Images/getty; peacock ring: courtesy of Savio Jewellery)