Diamonds of all colors are a miracle of nature. Fancy color diamonds in particular are quite rare. The beauty of a diamond is based on the absence of color. The diamond's value is due to its brilliance and fire achieved by the cutting techniques applied to the stone. Throughout the ages, the white diamond was supreme. The whiter the better. However, today the colored diamond has achieved a special status.
The brilliance of the diamond combined with color has produced the phenomenon of the fancy color diamond. Color is the most important factor that determines the value of a fancy color diamond. Fancy color diamonds can be found in hues and colors such as yellow,orange,pink,brown,green,blue,purple,black,and red. In contrast to colorless and near colorless diamonds that the public is familiar with, natural fancy color diamonds are valued for their intensity and their distribution of color.
The grading system for fancy color diamonds differs from that of white diamonds. White diamonds,are graded by descending letters D-Z. Whereas fancy color diamonds are graded by Light, Fancy Light, Fancy, Fancy Intense, Fancy Deep , Fancy Dark, and Fancy Vivid. The stronger the color - the higher the price. One can see the glitter of diamonds adorning the stars at the Emmy Awards and at the Oscar nominations in Hollywood.
The round brilliant cut diamond has always been the most popular diamond shape. For almost 100 years, diamond cutters have been using theories of the way light is reflected along with advanced mathematical calculations to maximize the brilliance of round diamonds.
Pink diamonds see continuously rising prices because they are both rare and highly sought after. The majority of natural pink diamonds are from the Argyle mine in Australia. However, output is due to end in 2018 when the mine is shut down. Most pink diamonds from the Argyle mine are smaller stones, and larger stones, of 1.5 carats and more, exceptional. It is very hard to find pure fancy pink diamonds with very high levels of clarity.
Long associated with kings and royalty, blue diamonds are among the rarest of natural color diamonds, and supplies are becoming increasingly scarce. There is still a small output of blue diamonds from the Argyle mine in Australia.
Natural red diamonds are the rarest of all natural colored stones. So much so that fewer than 10 such diamonds are produced annually in the whole world. Moreover, only a relatively small number of red diamonds have ever received the grade of fancy red - the purest form of red diamonds. They frequently contain modifying colors, including pink, purple and brown, thus providing a mixed effect. However, in contrast to other colored diamonds where traces of additional colors usually reduce the price, a brownish or purplish-red can cost almost as much as a fancy red, since the base color – red – in itself is so rare.
White diamonds were long thought of as the most beautiful stones. However, that was because there was very little output of colored diamonds. The color of a diamond is determined completely by nature. A diamond that is close to being colorless is more valuable and beautiful because a diamond acts like a prism, dividing light into a spectrum and reflecting it back to your eye in flashes of fire. Color can act as a filter, reducing the fire that gives a diamond its beauty and brilliance. Diamond colors range from D to Z. Fine diamonds fall into the range from color grade D to I. Color grades D, E and F are considered colorless, making them rare.