A former record breaker in the color diamond world, The Hancock Red is a 0.95-carat Fancy Purplish-Red stone. The diamond was originally purchased at auction in 1956 by Warren Hancock for $13,500. When it was put up for auction again in 1987, it sold for $926,000/carat. The previous per carat record for a diamond was $127,000/carat!
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