Colored diamonds are a whole world unto themselves as a subsection of the industry. So when Judith Rosby graciously offered to do a guest post with me on colored diamonds I jumped at the chance because it is definitely an area that I am looking to expand my knowledge. Judith works for YAD Global Advisors Ltd, a diamond investment advisory institution. Color diamonds are often looked to as an investment which is in part what YAD Global Advisors helps people with. Judith is passionate about helping understand this catagory better and wrote a fantastic and easy read article on colored diamonds that you will find below.
Guest Post by Judith Rosby
Lovers of all things sparkly are definitely familiar with stunning precious gems, from diamonds to sapphires, rubies, emeralds and beyond. However, one of the best-kept secrets of nature is that diamonds are not limited to what is seen in a typical jewelry store. Those diamonds are the most popular around the world which is why they are so common, but they are not the only kind of diamonds that occur in nature.
It’s All About the Color
When a diamond is forming under the earth, carbon atoms move to form a crystalline structure in a repeating geometric pattern. Occasionally, a foreign element is trapped in that structure and the result is a diamond with color! Diamonds can appear in every and any color that you can imagine: red, orange, yellow, green, blue, purple, violet, gray, black, white, pink, brown, and many combinations of these colors as well. There is even a kind of diamond that can change colors between yellow and green or orange and green, called a chameleon diamond. When more than one element is trapped, a secondary or even a tertiary color can be seen in a diamond, and some incredible colors are created this way.
Diamonds with this color are called fancy color diamonds. Some colors are rarer than others, which explains why the prices of different colors vary so widely. You are probably already familiar with yellow diamonds and pink diamonds, and possibly black diamonds and brown (“chocolate”) diamonds as well.
Yellow, pink and black are all popular with celebrities, and many famous engagement rings in these colors have made the news. The most infamous of all is J-Lo’s pink diamond ring that she received from Ben Affleck (#TBT) in 2002, but some famous yellow diamond rings are on Carrie Underwood, Kelly Clarkson, Heidi Klum and Victoria Beckham. The most famous fancy color diamond of all time is the Hope Diamond, a 45 carat Fancy Deep Gray Blue diamond.
The 4 C’s of Fancy Color Diamonds
In many ways, fancy color diamonds are very similar to colorless diamonds, the diamonds that are the most commonly used in jewelry. Most importantly, they are characterized by the 4 C’s, which every sparkle lover knows means Color, Cut, Clarity and Carat Weight. The difference is that in colorless diamonds, different C’s lead more to the ultimate beauty and value of the diamond than in fancy color diamonds. In fancy color, the color is the majority factor that decides this.
In fact, color is so important that it is subdivided into a complex scale where the intensity of the color is graded, and ranges from Fancy to Fancy Deep. Even within diamonds that have secondary colors, it is possible for the color to have a variety of amounts of strength. Generally, the deciding body that determines the color of a diamond is the famous diamond institute called the GIA, who objectively assess every diamond that is sent to them and determine its characteristics exactly.
Fancy color diamonds make fabulous pieces of jewelry, including rings, earrings, necklaces, and bracelets. Occasionally they are even set together with colorless diamonds to accentuate their color, or with gemstones in order to add even more color excitement. Some diamonds are so valuable that they are included as investments in some people’s financial portfolios.
Pink diamonds, one of the most popular diamond colors of all time, are dwindling in the mines from which they originate which has led to a scramble in the market to purchase them now. This has driven up their prices and has made their resale value tremendous. The same has occurred for the other rarest colors, blue diamonds, and red diamonds. Investors (under the proper guidance) enjoy investing in fancy color diamonds because it is a wearable asset with an emotional component, which is entirely unique. Imagine wearing a ring made out of stock certificates!
Whether you are already a pro with these colorful gems or just getting started learning about their beauty, it is an undisputed fact that these gems are unlike anything in the entire world. Got any questions? Ask us in the comments!