A color, or colored, diamond ring is one that has at least one diamond that is not a colorless or white diamond. White diamonds are, of course, the traditional standard, but because of their scarcity and beauty, color diamond rings are all the rage right now. FYI, other industry names for colored diamonds are “fancy diamonds” or “fancy color diamonds”.
Aren’t colored diamonds expensive?
Natural colored diamonds have always existed but are extremely rare and quite pricey. They are the elite among fancies, the most desirable of colored diamonds and until recently, only the very wealthy have been able to claim ownership of fancy diamonds.
Let’s face it, though, regardless of income, we all want a piece of that! Who can resist the mystery of a deep blue, the sophistication of a golden champagne or the sexy allure of a flaming red color diamond ring? Understandably, the demand for fancy diamonds has skyrocketed the past few years, so the diamond industry has responded to public clamor by developing technological methods that transform nondescript brownish diamonds into a rainbow of awesome colors! The average consumer now has access to a breathtaking array of color diamond rings in every hue at astonishingly affordable prices! There has never been such availability and variety of colored diamonds on the market and at such low prices.
Will colored diamonds always be available?
However, although fancy color diamonds are available now like never before, that may not always be the case. The majority of treated colored diamonds, as well as almost all red and pink natural color diamonds, come from the Argyle Mine in Australia. There is concern that production at the Argyle Mine may cease well before the end of the decade, so if you are in the market for a color diamond ring, you’ll want to act on that ASAP before the supply dries up and costs rise dramatically. Strike now, while the diamonds are HOT and the prices are cool!
Important details to considerBEFOREpurchasing acolor diamond ring
Decide if you are buying your ring as an investment, just because you love it, or both; if so, this informationwill beof importanceto you:
Hue = color; the rarer the color, the higher the price.
Highest to lowest in diamond color rarity: Red, green, blue, purple, pink, violet, orange, yellow, champagne, brown, gray, black.
Color saturation = depth of color; the deeper the saturation, the higher the price.
Again, natural color diamonds are much more valuable than treated color diamonds, so make sure you know what you're getting.If youare payinga premium fora natural color diamond ring,it should have GIA (Gemological Institute of America) certification authenticating it ashaving anatural and not a treated colorstone.
Welcome to the world of colored diamonds - prepare to be DAZZLED!