DECODING ANTIQUE DIAMONDS AND THEIR VALUE
Do old diamonds hold more value than their newer counterparts? Here we explore the intricate nuances of diamond appraisal, looking at the factors that contribute to the perceived worth of old diamonds.
What is an antique diamond?
An antique diamond refers to a diamond that is typically over 100 years old (pre-1930s). These diamonds often carry historical significance and may exhibit unique characteristics or designs that reflect the styles and craftsmanship of the time period in which they were mined and cut. Antique diamonds are prized for their rarity, artistry, and the sense of nostalgia they evoke, making them highly sought after.
Types of antique diamond cuts
There are a variety of antique diamond cuts that showcase the craftsmanship and aesthetic preferences of their respective eras. Some of the most notable cuts include:
Old European Cut
Developed in the late 19th century, the Old European Cut features a round shape with a smaller table, larger facets, and a high crown. This cut emphasises fire and brilliance, reflecting the technological advancements of the time.
Rose Cut
Dating back to the 16th century, the Rose Cut resembles the shape of a rosebud, with a flat base and a dome-shaped crown covered in triangular facets. This cut displays a subtle, romantic glow.
Old Mine Cut
Originating in the 18th century, the Old Mine Cut features a square or rectangular shape with rounded corners and a high crown. Known for its romantic, soft sparkle, this cut was popular during the Georgian and Victorian periods.
The role of rarity: A key factor in determining diamond value
At the heart of diamond valuation lies the concept of rarity. Diamonds are formed deep within the earth's mantle over billions of years, undergoing immense pressure and heat to emerge as spectacular creations of nature. Old diamonds, often referred to as vintage or antique, carry with them a sense of history and craftsmanship that cannot be replicated in modern times.
The influence of historical significance
We can’t overlook the significance of history when assessing the value of old diamonds. Each vintage diamond tells a story, reflecting the cultural trends, artistic movements, and societal values of the era in which it was crafted. From the grandeur of Art Deco designs to the romanticism of Victorian settings, old diamonds offer a window into the past.
The impact of quality and craftsmanship
While old diamonds may claim a rich history, it’s essential to recognise that not all antique gemstones are created equal. The value of a diamond is also influenced by factors such as cut, clarity, colour, and carat weight, collectively known as the ‘Four Cs’. While traditional craftsmanship may instil old diamonds with a sense of artistry and authenticity, advancements in technology have enabled modern jewellers to achieve unparalleled levels of precision and brilliance in their creations.
With over six decades of experience in the diamond industry, we encounter misconceptions about antique diamonds frequently. Let's address two common ones…
Age equals value
Most people think that old diamonds automatically hold more worth due to their age. While age can add to the appeal of a diamond, it's not the sole determinant of its value. Factors like the 4 Cs, market demand, and historical significance play crucial roles. Therefore, while old diamonds have character, newer stones can also fetch significant value if they have exceptional quality and craftsmanship.
2. Charm of old vs. brilliance of new
There's often a perception that old diamonds have an unmatched charm and character, while newer ones lack the same character. However, modern advancements in diamond cutting techniques have revolutionised the industry. Jewellers can now craft diamonds with exceptional brilliance and fire, rivalling the charm of antique gemstones. Ultimately, the choice between old and new diamonds depends on individual preferences and priorities.
Patina and character
Over time, antique diamonds develop a unique patina and character that enhances their appeal. This patina, often referred to as ‘diamond aging’, adds depth and dimension to the stone. Unlike newer diamonds, which may appear pristine and flawless, old diamonds bear the marks of time, telling a story of their journey through the ages.
Understanding the varied colours of antique diamonds
The colour of an antique diamond can vary depending on various factors such as its age, the conditions under which it formed, and any treatments it may have undergone over time. Unlike modern diamonds, which are often prized for their colourlessness, antique diamonds usually exhibit a wide range of hues, including faint yellow or brown tones. These subtle colour variations add to the uniqueness of antique diamonds, serving as a testament to its age and history.
Are antique diamonds a sustainable choice?
Antique diamonds have already been extracted from the earth and therefore, by purchasing an antique diamond, individuals are essentially recycling existing resources. Additionally, the craftsmanship and longevity of antique diamonds make them durable pieces of jewellery that can be passed down through generations, reducing the demand for new diamond production. While antique diamonds may not be entirely without environmental impact, they can represent a more sustainable choice compared to newly mined stones.
In a world where trends come and go, antique diamonds stand as timeless treasures. With their unmatched beauty and rich historical significance, they serve as a trusty investment especially as an engagement ring choice.
With three generations of expertise in the diamond industry, we specialise in sourcing the finest antique diamonds on the market and as one of London's longest-standing private family jewellers, we have unparalleled experience working with these rare gemstones. We understand that navigating the world of antique diamond purchases can be daunting, which is why we prioritise educating our clients to ensure they feel confident in their choices.