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Black diamond engagement rings are called hematite, as anybody worth their own salt in the jewellery industry could possibly let you know, and if you focus it up, it fixes a metallic silver/gray look also is possibly not faceted just like a normal gem stone because it’s opaque, that defeats the reason. Only a few years ago, should you tried to shop for something like that, it mightn’t be worth anything. In fact, because a dark faceted stone like that, there’s no point in faceting it for there’s no way for light to shine through it, so most people today donot likely go for those, hence the low value.