The Moussaieff Red Diamond. The largest red diamond (the rarest color of diamond) in history. In the rough, it is believed to have weighed 13.9 carats. The diamond was purchased and cut by the William Goldberg Diamond Corp., where it went by its original name the "Red Shield." Expensive Diamond, Rare Stone, Rare Gems, Red Diamond, Gemstones Crystals, Gems Crystals, Minerals And Gemstones, Rocks And Gems, Rare Gemstones