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Fancy Diamonds



Fancy colored diamonds are all the rage these days. A fancy colored diamond is a natural diamond in any of a variety of colors, such as red, green, purple, violet, orange, blue, and pink – and most shades between – and vary from faint to intense. One in every 10,000 carats is a natural fancy colored diamond, and the rarity of fancy colored stones is only matched by their extraordinary beauty.

The most valuable natural fancy diamonds have a distinct hue, darker tone, and vivid or strong color saturation.

There are several ways that natural fancy color diamonds get their coloring:

  • From different trace elements present in the stones, such as nitrogen, which produces a yellow diamond, what used to be called a ‘canary diamond’.
  • By exposure to radiation during the geological creation process, as in the case of green diamonds.
  • By inclusions, which are regarded as flaws and undesirable in a colorless diamond, but give unique tones and brilliant flashes of color to a fancy colored diamond.

Most natural colored diamonds are rare and also extremely expensive. By using newer technologies to treat less desirable diamonds, gemologists have developed new ways to create versions that are affordable for the average person.

These less desirable diamonds are treated with irradiation followed by intense heat. This turns brown and yellowish diamonds into beautifully colored diamonds – stunning greens, blues, yellows, reds, purples, and other colors. These colors are considered permanent, but there is a possibility they could change during repairs if high heat is used.

The most famous diamonds in the world are fancy colored diamonds - the Tiffany Diamond, which is yellow, and the Hope Diamond, which is blue.

Fancy colored diamonds have an amazing financial track record. The value has never decreased at the wholesale level in more than 30 years.

In a strong economy, the value of blue and pink diamonds has doubled every 5 years. You could have bought a very high quality blue diamond in the 1970s for about50 thousand dollars; today, the very same stone would be worth between 2 and 3 million. Synthetic colored diamonds are another option, if owning a colored diamond is something you desire but cannot quite afford just yet.

Useful tip

Remember that natural fancy colored diamonds are very expensive, and any colored diamond labeled as natural should be accompanied by a certificate from a respected grading lab.

When shopping for fancy colored diamonds, you should assume that any suspiciously low-priced fancy color diamond has been treated. Ask about the stone’s origin and request to view a lab certificate to verify authenticity.


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