Colored diamonds, also referred to as fancy-colored diamonds, are unique and rare precious stones adored by many. Which one of these beauties is the most expensive color of diamond and what makes each of these stones unique?

There are five types of fancy-colored diamonds you can choose from, such as red, pink, blue, green, and yellow. While traditional white diamonds are cherished, it’s the vivid and extraordinary colors that command the highest prices in the market.

What Color Diamond Cost The Most?

1. Red Diamonds

We start this list with red diamonds, which are the rarest and consequently, most expensive colored diamond. In fact, they can cost more than a million dollars per carat! It’s also worth mentioning that red diamonds without modifiers are usually graded as Fancy. This is completely different from other colored diamonds, which are graded on different color scale, including Fancy Vivid and Fancy Faint.

As for the diamond color itself, GIA researchers still don’t know for sure why these diamonds are red. However, it’s believed that the red color is caused by changes that occur in a diamond’s atomic structure.

You should also know that red diamonds are the rarest diamond color and tend to be under half a carat. The largest red diamond, known as The Moussaieff Red Diamond weighs just 5.11 carats, which is a distinct contrast to a Cullinan I; a 3,106 carat polished white diamond that is the largest out of all diamonds.

2. Pink Diamonds

While red diamonds are extremely saturated, the saturation of pink diamonds is somewhere between red and clear. This diverse palette makes pink diamonds extremely popular and and are in very high demand. Some of the pink variations can include orangey pink, purplish pink, fancy vivid, and fancy light.

Pink-colored diamonds exude grace and elegance, offering a more romantic and softer alternative to more expensive and intense red diamonds. If all of this sounds confusing do not worry. The diamond experts at Diamond Exchange Houston will be here to help you choose the perfect diamond and we will make sure you get a great deal on it.

The value of pink diamonds depends on multiple factors, such as color intensity, cut, clarity, size, and rarity. And while the rarity of color can greatly affect the diamond price, the size can also increase the cost. But in general, the price of a pink diamond can be as little as $10,000 and as much as $700,000 per carat.

3. Blue Diamonds

There is something that makes blue diamonds very rare; their purity. It has a unique, mesmerizing monochromatic beauty that is like no other. In many cases, blue diamonds can exhibit secondary hues, making this precious stone even more charming.

The marvelous color of blue diamonds is caused by the trace element Boron. It is also the reason why the vast majority of blue diamonds contain small amounts of gray and green mixtures.

According to the official classification, they are divided into light hues, slight hues, intense hues, colored hues, dark hues, deep hues, and bright hues.

As for the price, this fancy-colored diamond can cost as much as $200,000 on average. It is definitely not cheap, however, it is not the most expensive diamond color. Note that the price of a blue diamond usually varies based on color and carat size, just like with any other fancy colored diamond.

4. Green Diamonds

Because of the rarity of green diamonds, most experts tend to scrutinize them to make sure they are indeed natural and not color-enhanced. The green color comes from the radiation given off by the rocks surrounding them.

In most cases, only the outside of this diamond is green because the color can’t reach the center. Also, it’s important to note that if you decide to get it re-polished, it may lose its natural color.

As for the price, here is the cost of each per carat; a green diamond can cost as much as $100,000 and as little as $50,000. While fancy intense can cost anywhere between $150,000 to $200,000 and a fancy vivid $300,000.

5. Yellow Diamonds

Yellow diamonds are also known as canary diamonds and are considered one of the more common diamond colors. Their value can depend on the vibrancy and intensity of the yellow hue. Diamond Exchange Houston offers a nice selection of yellow diamond rings. Customers will normally visit us because of our amazing deals on engagement rings in Houston, TX.

As for the range, it includes the palest lemon tints, as well as deep and vivid shades that resemble the canary’s plumage. As you may guess, this latter type is the most valuable one, which also makes it more popular than others.

A yellow diamond gets its color thanks to nitrogen, which is integrated into its carbon crystal structure, modifying the light and absorbing the blue part of a visible spectrum.

The price of a yellow diamond usually depends on the intensity of the color and how it’s graded. A 1-carat of this precious stone can cost as little as $2,000 and as much as $16,000. As for the intense yellow diamonds, such as Canary diamonds, their price exceeds $10,000 per carat.

How Are the Fancy Color Diamonds Evaluated?

The fancy color diamonds are evaluated based on 3 color characteristics; hue, tone, and saturation.

  • Hue is a specific color you see. In the case of purple or pink colors, it can be just a single color or color combination. Also, note that it’s possible for a single color to have a few modifiers.
  • Saturation is the concentration or strength of a certain color. For example, imagine a white cloth dipped in bright red food coloring; the color is intense and concentrated. Now picture that you dip another white cloth in that same bright red food coloring but try diluting it by ⅔ with water. This will decrease the saturation, making the color less vibrant.
  • Tone is a degree of lightness or darkness that a color exhibits. This time try imagining the bowl of food coloring. The hue will remain red if you mix the little black food coloring with the red. The saturation would also stay the same, although the tone would become darker.

Where to Buy Fancy Colored Diamonds

If you feel like purchasing a fancy-colored diamond after reading this article contact us at Diamond Exchange Houston and we will gladly help you find what you are looking for. Whether is for an engagement ring, diamond earring, or a custom jewelry piece. While you are here feel free to shop our products and take advantage of our amazing deals on diamond jewelry.

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