Diamonds Are Everyone's Best Friend

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Who doesn't love a diamond? Just walk down the street with a diamond ring and you know you'll turn some heads. But it isn't all about attention. (Well, most of it is). It's also about displaying one of nature's most radiant creations. Okay, let's be realistic. It's mainly about showing the world that you can afford a diamond. The bigger, the better is what I say. Add "the most expensive" to that mantra and you'll have LawCrossing Weekend in a nutshell.

Although we usually gaze at white diamonds through the windows of jewelry stores, diamonds come in a variety of colors, most of which are very rare. The most famous diamonds are pink, yellow, red, blue, black, orange, purple, and green. Diamonds come in pretty much all the colors of the rainbow. One of the world's most famous diamonds, the Hope Diamond, is blue. Green diamonds are deep green in their rough form and when cut usually become white or yellow. The deepest green diamonds almost resemble emeralds. Red diamonds, resembling rubies, are the rarest colored diamonds in the world.

Diamonds aren't born stellar beauties. They have to be cut from their raw form in a stressful, time-consuming and precise operation. In their raw state, diamonds weigh much more than they do in their finished, showroom state. Despite losing value when being cut, diamonds have sold for hundreds of thousands of dollars per carat. By the way, the next time you are at a party, mingling and exchanging stories, you can announce that the Golden Jubilee, weighing 545.67 carats, is the largest diamond in the world. Your friends' jaws will drop in amazement of your infinite knowledge.

Owning diamonds really sets one apart from the crowd, just like being a LawCrossing member. But forget Tiffany's — LawCrossing members deserve only the best. Take the Star of the Season. Owned by a Saudi Arabian jewelry collector, the Star of the Season is one of the world's rarest diamonds and auctioned for nearly $17,000,000, the highest price ever paid for a single piece of jewelry. It weighs just over 100 carats and is completely colorless. Immediately after the purchase, the new owner turned down an offer for much more than the paid price. With a little bit of LawCrossing savvy, maybe a LawCrossing member will make the owner an offer he can't refuse.

Now onto the most valuable diamond in the world, the Mouawad Lilac, estimated to be worth over $20,000,000. The Mouawad Lilac is a 24.44 carat, emerald-cut pink diamond. The color is so saturated, the diamond gives off a purplish, almost maroon, hue. The diamond is owned by Robert Mouawad, one of the world's most renowned diamond collectors. He has set records with his auction purchases. Among his collection are the famous Taylor-Burton (formerly owned by the Queen of Diamonds, Elizabeth Taylor, who then sold it to build a hospital in Botswana) and the largest of his collection, the Jubilee. The Mouawad family owns the finest private collection of diamonds, with 12 of the world's top 20 diamonds in their own museum.

With time, the LawCrossing family will no doubt own the largest collection of the world's most expensive items.

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