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Fancy Color Diamonds: The Colors of Beauty

The apple of any discerning jewelry collector’s eye and oftentimes the most valuable gem of all, Fancy Color Diamonds remain inconspicuous and still do not get the attention they deserve from the public. From Pink to Green and from Red to Brown, Fancy Color Diamonds capture the imagination, their color alluring and their mystique endless.

Fancy Color Diamonds come in every color of the rainbow and more, as slight molecular differences are responsible for color changes. For instance, Blue Diamonds have the same exact chemical composition as White Diamonds (100% carbon) and are only blue due to the presence of boron molecules. While color differences can be as clear as day, Fancy Color Diamonds also come in a variety of hues– for instance, some colored diamonds will not be considered “Fancy Color”, as the presence in color is too faint. A “Light Pink” Diamond, for example, may come in at 10% of the price of a “Fancy Light Pink” Diamond, as the “Fancy” diamond contains more color and distributes it more evenly. Within Fancy Colored Diamonds, there are also “Fancy Light”, “Fancy”, “Fancy Deep”, “Fancy Intense”, “Fancy Vivid”, and more. 

 

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Another point of fascination with fancy color diamonds are their color variations. As you can see in the photos above, there are scales for tone and hue. A specific yellow diamond, for example, falls under the “Fancy Intense” range of color tone, but is a slightly more green-ish yellow color than pure yellow: Therefore, the diamond would be graded as “Fancy Intense Greenish Yellow”. These color combinations are quite common and are part of the mystique of fancy color diamonds. How many of these combinations do you have? That is unclear. The photo above covering the diamond hues does not include every hue, such as gray, violet, black, and more. An accurate image that covered every color hue would simply be too big! To illustrate: some color grades even go up to three color combinations, such as the “Fancy Deep Brownish Greenish Yellow” (known as “Chameleon” Color) diamond pictured below. 

While strong color goes a long way in lending value to a gemstone, the ultimate measure of value is rarity, and Fancy Color Diamonds have become increasingly rare to find. The “CTF Pink Star”, a nearly 60 carat, Internally-Flawless, Fancy Vivid Pink Diamond, sold for a whopping $71 Million USD in 2017– a record for any diamond (or gemstone) at auction. Simply put, there had never been a pink stone of such stature and quality offered at auction, and thus the final price reflected these conditions. Even Fancy Yellow Diamonds, perhaps the most mainstream of the Fancy Colored Diamonds, are far more rare than White Diamonds, though they trade at similar prices due to demand. 

While still diamonds, fancy color diamonds are a completely different class of gem. They are graded based on the 4 C’s, but the color grades are more complex than nearly any other type of gemstone grading. With all the tones, hues and color combinations, these are not your standard diamonds. The allure of fancy color diamonds is rooted in its mystery, and it takes a breadth of experience to even begin to understand.