Recently I read a headline “Arkansan finds 3.69 carat diamond at Crater of Diamonds.” This state park located in Murfreesboro, Arkansas is one of the only diamond-producing site in the world that is open to the public. The lucky lady named the white diamond the “Hallelujah Diamond” and naturally plans to keep it. This was the largest diamond found at the park since a huge 6.19 carat white diamond was found last April. More recently, on June 25th, 2015 a huge 8.52 carat white diamond was unearthed by an even luckier diamond-seeker!
The Cherokee Ruby and Sapphire Mine in Franklin County, North Carolina and The Gem Mountain Mine in Philipsburg, Montana also yield some large “investor” and “collector” grade rubies and sapphires. These gems are often referred to as “Pigeons Blood” red or “Cornflower” blue. In contrast to the wide-open style of mining for diamonds, these locations also offer treasure hunters the chance to carefully sift through buckets of gem-laden gravel mined from the mountain. While the Crater of Diamonds is open all year, the mountainous sapphire and ruby mines are seasonal from May to October. Road trip anyone?
Last month at the Cherokee mine there was a 61.45 carat ruby found by a couple celebrating their 40th wedding anniversary. What makes it even more special is the fact that the traditional gemstone for the 40th anniversary is the ruby! The Gem Mountain Facebook page similarly posts picture after picture with smiling faces displaying their 3-9 carat rough sapphires.
So of course you are probably wondering, “What are all these diamonds and gemstones worth?” Well, G.I.A. Graduate Gemologist and jewelry appraisers, such as myself, research the facts and come up with a dollar figure for insurance purposes. Although, it is important to note that most traditional homeowners policies exclude loose gemstones from coverage. Therefore, if you have loose gems or diamonds that you would like to insure, I suggest that you check with your insurance agent. They may advise you to have them set into jewelry, appraised and itemized.
Over the years I have found the REAL value of much of our jewelry is in the stories and memories attached to it. We may not remember the exact carat weight or metal content but we rarely forget the precious moment we acquired it …or in these cases found it!
You could be saying “Hallelujah” too!
Please feel free to contact me with questions or ideas for future articles.