In love with the glamour of fancy colored diamonds? Want your own, like Blake Lively’s Pink diamond, Scarlett Johansson’s brown, or it may be the famous blue Hope? It’s true.
These unique stones make a great engagement ring! If you want to know more about how to pick the right colored diamond engagement ring, what they are, and what traps to avoid – read on below!
Table of Contents
1. What is a fancy color diamond?
A fancy colored diamond is any diamond color not in the “normal color range,” also known as the D-Z scale.
What is the D-Z scale?
This can mean that a fancy diamond is simply a darker shade of yellow or brown. Moreover, what most people think of as “fancy” are diamonds that are completely different colors altogether! This can include lush green, vibrant purple, exotic orange, literally any other color that you can think of!
When a diamond falls outside the “normal” color range, it is described by its color.
2. How many colors can diamonds be?
Diamonds naturally come in every color of the rainbow-like blue diamonds, green diamonds, purple diamonds, pink dimonds, etc. as well as gray, white, black, and brown. There are “salt and pepper” diamonds too that look like polka-dotted. So, there are many different color diamonds!
Some colors, such as blue and red, are rarer than others. As a result of this rarity, these colors are much more expensive.
On the other hand, less rare colored diamonds such as black and champagne diamonds can be much more affordable. So selecting a fancy diamond for your colored diamond engagement ring may not be as crazy as you thought! Truly, for every different color, you can imagine, there is probably a fancy color diamond in the world that shade.
3. Are colored diamonds real?
Yes, They are! Fancy color diamonds grow in the earth, and we too grow them in industrial labs. Diamonds get their color from the unique conditions in which they form. These specific conditions are so unique that only 1 in every 10000 natural diamonds is fancy!
Because this just is not enough to keep up with the demand for fancy diamonds, gem scientists also now create fancy diamonds in labs too. The conditions maintained by these scientists mimic the unique environments required to form a fancy diamond in the earth’s crust!
4. Are colored diamonds more expensive?
For the most part, Yes, moreover it depends on the color. Gray, champagne, pepper and salt, Black and Chamelon diamonds are actually less expensive than their white counterparts!
All the other colors, moreover, are more expensive. Just how expensive a colored diamond depends upon the rarity of the diamond and how-in demand the color is at any given point in time?
Slisha Kankariya from With Clarity says-“When buying a colored diamond, a certified diamond will always be more expensive than an uncertified diamond. Generally, it’s important to work with reputable jewelry that you trust and one that also has a return policy to ensure that you’re getting the most value for your spend and also have the option to return in case it’s something that you are not happy with.”
5. What is the rarest color of the diamond?
The rarest color of the diamond is red. As a result of which, the most expensive colored diamond in the world is also red! This is because rarity defines its expensiveness and how in-demand the color is. Shockingly, there are only a handful of natural Red Diamonds in the entire world. Other rare and in-diamond colors include Purple, Green, Orange, Blue, and Pink Diamonds.
6. What causes colored diamonds?
Diamonds are born with color when unexpected things happen to their crystals. In some cases, diamond crystals absorb tiny “trace elements” during formation. These trace elements are so small that you can’t see them even with magnification!
For instance, if a Diamond Crystal absorbs nitrogen, it may turn yellow. But if it absorbs boron, then it will be blue in color! Natural radiation can cause diamonds to turn green, like the famous Dresden diamond.
Mysterious pink diamonds have no trace elements at all, and instead, occur when extreme stress acts upon the diamond crystal. This stress is so intense, the entire structure changes and turns pink!
Questionaire with experts
Jonathan Dwight from Diamocycle answers as:-
What color diamond should you buy?
Colored diamonds come in a combination of colors, so the scarce colors are single colors red, blue, and pinks. A less rare and valuable stone would be a pink-brown diamond. Our diamond with a modifying color.
Red, green, purple, and orange are most rare followed by blue and pink. Yellow and brown are the most common.
Buy the most rare you can afford; the rarer the more likely to appreciate. There is more demand in the Pink range, so in this color if you have a limited budget this is a safe bet; a rarer color like red would be ideal if you had a larger budget.
Are colored diamonds a good investment?
In order for the investment to have liquidity, an investor must be able to both buy and sell at a market rate. So an ideal platform to buy a colored diamond would be at an auction setting, and an ideal setting to sell would be to a private collector if they had this ability.
Or they would lose any fees at an auction when they sell. Rare colored diamonds of size and scarcity have gone up in price but they need to be acquired through proper channels, not retail settings and sold through proper channels in order to realize again.
Colored diamonds like art work does appreciate, but like Art the best
and most rare always appreciates at a higher rate of return.
What does one need to know before buying a diamond?
One must know how to read a Gia colored diamond report. Any buyer must have one when buying a colored diamond. An auction would be an ideal platform to buy a rare colored diamond.
A buyer should look at sold lot archives and try to understand all fees associated with the transaction. Colored diamonds can be acquired from different companies. This would be a price premium to an auction house, and this would not be a good place to maximize investment return.
This is the equivalent of shopping for art at a high priced gallery.
Jake Schmidt from David Von answers the questions as-
What color diamond should you buy?
Colored diamonds or as they are called fancy diamonds come in 12 different colors. The twelve basic colors for fancy diamonds are: yellow, green, brown, orange, gray, pink, purple, violet, blue, red, black, and white. In addition to the primary color of a crystal, when it comes to putting a value on a diamond, secondary hues as well as hardness matter. More vivid hues, as well as some favored primary and secondary color variations, make stones more valuable.
What causes diamonds to have different colors?
Each color is caused by different elements or factors in natural colored diamonds as the diamond is formed, and as you might expect, some mines appear to produce gems of a specific color.
Are colored diamonds a good investment?*
It is getting harder to procure colored diamonds due to fewer and fewer rough diamonds extracted, older mines are closing down and fewer new mines are opening. There is a limited amount to invest in, which ensures that it can only increase the value of fancy colored diamonds.