How much is the Uncle Sam diamond worth? (2023)

What is Uncle Sam diamond worth?

It was lent by Peikin to the American Museum of Natural History for temporary display and storage. In 1971 it was acquired by a Boston dealer, Sidney de Young, and sold for US$150,000 (equivalent to $1 million in 2021) to an anonymous private collector.

The Uncle Sam Diamond

This 40.23-carat, white diamond is the biggest diamond found in the United States. Discovered here in 1924, it was named the Uncle Sam diamond. Legend has it that the diamond was named after its finder, W.O. Basham, who went by the nickname, "Uncle Sam." Over the years it was cut twice.

As part of the Great American Diamonds Exhibit at the National Museum of Natural History in Washington, D.C., the Uncle Sam now sits alongside the Canary Diamond, an uncut, 17.86-carat yellow Arkansas diamond found in 1917.

It only seems fitting that the largest diamond ever discovered in the United States be nicknamed “The Uncle Sam Diamond.” At 43.22 carats (or nearly 8.5 grams) the diamond was certainly quite a find--and the story of its discovery is just as astonishing as its size.

The gem is estimated to be worth between $20,000 and $30,000.

According to diamonds.pro, a 1 carat diamond costs anywhere between $1,300 and $16,500. However, a quality diamond doesn't just come down to size. When assessing diamond value, four very important factors are always taken into consideration – the four c's of diamond quality: color, cut, clarity and carat.

The average wholesale price of a 9 carat diamond is calculated by multiplying the price per carat value by 9. The wholesale prices for GIA Certified a 9 carat diamond will range between $123,201 and $1,804,815.

The diamond quality depends on the differences in cut, clarity, and color. That's why its cost also depends on the variations of cut, clarity, and color. In particular, the price of a 4-carat diamond varies from $10,670 to $105,270 per carat.

Arkansas's Crater of Diamonds State Park is one of the only diamond-producing sites in the world where the public can search for diamonds in their original volcanic source. The policy here is "finders, keepers," meaning the diamonds you find are yours to keep.

What's the most expensive diamond in the world?

Topping our list of the most expensive diamonds in the world is the legendary Koh-I-Noor. Weighing in at a massive 105.6ct, the most expensive diamond in the world is oval shaped. Steeped in mystery and legend, the stone is believed to have been mined in India in the 1300s.

The largest stone is called the “Star of Africa I,” or “Cullinan I,” and at 530 carats, it is the largest-cut fine-quality colorless diamond in the world. The second largest stone, the “Star of Africa II” or “Cullinan II,” is 317 carats.

The accepted metric carat weights of the Hope Diamond and its precusor stones are as follows: Tavernier's Diamond: ~115 carats. French Blue Diamond: ~69 carats. Hope Diamond: 45.52 carats.

The majority of all pink diamonds mined come from one source in Australia, the Argyle Mine. Argyle Pink Diamonds are so expensive because of the very limited supply. A pink diamond is formed of only carbon like a white diamond, through millions of years in the kimberlite pipes of volcanoes.

Named the Uncle Sam, the largest diamond discovered in the United States was found in Murfreesboro in 1924 during an early mining operation, according to the Arkansas State Parks. It is described as a pink cast that weighed a whopping 40.23 carats.

It was the largest diamond found at the park since October, when a visitor found a 4.49-carat yellow diamond, Cox said. Only 1 in 10,000 park visitors are lucky enough to find diamonds that weigh one carat or more, he said.

Diamonds, gold bars, nuggets or whatever you find are all taxed under US tax law.

Arkansas man sifting his 11th bucket of dirt finds 4.49-carat diamond worth $32,000. Published: Nov.

Topping our list of the most expensive diamonds in the world is the legendary Koh-I-Noor. Weighing in at a massive 105.6ct, the most expensive diamond in the world is oval shaped. Steeped in mystery and legend, the stone is believed to have been mined in India in the 1300s.

What was the most expensive diamond ever sold?

The most expensive diamond ever sold continues to be the 59.6-carat CTF Pink Star, which sold in 2017 for $71.2 million, according to Sotheby's.