You generally can keep a diamond you find, but it depends heavily on the location (public vs. private land) and local laws, with the exception being the famous Crater of Diamonds State Park in Arkansas where visitors can keep what they find; otherwise, you might need a license, must share with the landowner, or could face legal issues if it's considered lost property from someone else.
About 120,000 people come to Huddleston's old farm site, now the Crater of Diamonds State Park, each year to search for these precious gems. The crater is the only diamond mine in the world where the public can pay a fee to dig and keep any gems they find.
Whether you've found the diamond or need a replacement, your jeweller will be your next stop. If you have the stone, they'll assess the damage and determine if any repairs to the setting are needed. This might involve tightening or replacing prongs to ensure the diamond stays securely in place.
If you think your stone is a diamond, take it to a jeweler, pawn shop, independent appraiser, or send it to a gem lab.
Park visitors get to search for real diamonds, cool rocks, and gemstones in a 37-acre field. And “finders – keepers” is the rule – you get to keep the rocks you find!
For around $5,000, you can typically find a natural diamond ranging from 0.5 to 1.5 carats, depending heavily on quality (the 4Cs), cut, setting cost, and if it's lab-grown, but a good quality 1-carat diamond often starts near this price point. A $5,000 budget could get you a significant stone like a 1-carat diamond or even larger lab-grown options, but quality factors (color, clarity) will significantly impact size and price.
Diamonds found at Crater of Diamonds State Park can be quite valuable. For example, the 3.03 ct. Strawn-Wagner Diamond, found here in 1990, was cut into a 1.09 ct. gem.
The Aquamarine name comes from the Latin word for seawater and is said to calm waves and keep sailors safe at sea. It is sometimes referred to as a poor man's diamond because of the pale color.
The "3-month ring rule" is an outdated marketing tactic from the De Beers diamond company, suggesting you should spend the equivalent of three months' salary on an engagement ring to show commitment, a guideline that evolved from earlier one and two-month suggestions to boost diamond sales in the 1930s and 1980s. While it serves as a simple reference, it's not a real rule and ignores personal finances, with experts recommending basing the decision on affordability, shared goals, and individual preferences rather than this arbitrary financial benchmark.
TANZANITE: ONE THOUSAND TIMES RARER THAN A DIAMOND.
Diamonds are traced by maintaining a genuine record of the diamond at each stage of its process. So when the diamond reaches the customers, they can have full access and transparency about the history of the diamond which helps them form a personal bond with the diamond they are buying.
A diamond necklace by the yard is a delicate chain featuring individual diamonds spaced evenly along its length. Each stone is typically set in a bezel, making it appear to float. This timeless style offers versatile elegance for any occasion.
What to Do if You Find a Raw Diamond
Unlike at Crater of Diamonds State Park, most states have laws that require people who found lost property to either attempt to return the property to the owner or notify and surrender the property to the police.
When selling a diamond, you have several local options to consider:
Many couples using a conservative budget-friendly engagement ring will spend $1,000 to $3,000 for their perfect ring. The average engagement ring cost in the mid-range choice is $3,000 to $6,000. Those wishing for luxury or larger-carat and higher-quality diamond rings may spend $10,000 or more.
One of the things I shared was my “3-Rings” rule. It goes like this: When your phone rings, and it's a potential client who's calling you, the first three rings are on the house. BUT — if someone doesn't pick it up by the end of the third one, each additional ring costs your firm $1,000.
There is no set rule for how long to wait before giving a promise ring. Many couples choose to give them after six months to a year of dating, but it ultimately depends on the dynamics of your relationship.
A 20-carat diamond is quite large, weighing 4 grams (0.141 ounces) and appearing roughly the size of a large pea or small bean, with a round cut measuring around 17.6mm across, though its actual visual size depends heavily on the cut, shape, and proportions, with fancy shapes sometimes appearing larger for the same weight.
Its energy is said to help clear your mind and allow you to see things more clearly, helping you make decisions with confidence and ease. Supports Spiritual Growth: Diamonds are often linked to spiritual enlightenment and growth. Many believe they help connect you to your higher self, enhancing your spiritual journey.
Over its 350-year history, the Hope Diamond has become one of the most famous cursed diamonds. After being stolen and recut, it is said to have contributed to the downfall and death of its owners. Discovered in India in 1673, it was originally a 115-carat blue diamond.
No, a jeweler generally cannot tell if a diamond is lab-grown just by looking at it with the naked eye; they need specialized, lab-grade equipment like GIA iD100 or X-ray luminescence (XRL) testers to detect subtle differences in growth patterns, impurities, or fluorescence, as lab-grown diamonds share the same chemical and optical properties as natural diamonds. While some jewelers have machines to test, professional grading labs (like GIA) use advanced methods to identify them, often relying on laser inscriptions and grading reports for confirmation.
The Duke Diamond is the second-largest diamond found at Crater of Diamonds State Park, behind a 7.46-carat gem named The Carine Diamond that was discovered in January 2024. Officials said the Duke Diamond is the 217th diamond registered at the park.