Diamond Color

On April 28, 1987, a 0.95 carat diamond was sold for $880,000 at Christie's in New York. It contained two large flaws, one of which was a deep cavity in the table (top center facet) of the diamond. Despite its flaws and small size, it set a new world record per carat price for any gem sold at auction: $926,000 (reported by the summer 1987 issue of Gems and Gemology).

Why did that diamond command such a high price? Because its natural color was an extremely rare, deep, purplish-red. Color plays a significant role in determining the price of a diamond.

Many people are surprised to learn that diamonds come in a wide variety of colors including green, orange, yellow, blue, brown, and black. But such diamonds are not very common, so they have been given a special name--fancy color diamonds, meaning diamonds .kith a natural body color other than light yellow, light brown, or light gray.

What color diamond, then, is best? That's a matter of personal opinion. What color diamond is most expensive? Currently the answer is purplish red; but natural green, purple, .and deep blue are also unusually expensive. You're probably more familiar with non-fancy Diamonds, the ones that don't show much color. The most expensive diamonds in this category .ire those that are colorless.

When you look at diamonds in the jewelry stores, they may all seem colorless. But if you look closely, you will notice that they normally have slight tints of yellow, gray, or brown. The strength of these tints partially determines the price of the diamond.

The more the tint :he lower the price, just the opposite of fancy color diamonds. To best understand the effect ,f these tints on diamond prices, you need to know how diamond color is categorized in both -mall and large diamonds. First let's discuss the broad color categories of small (1/4 carat or :ss) non-fancy color diamonds.

Adeep cavity

Impossible to distinguish

Alphabetical letters ranging

Rays vary according

Chemical or plastic

Indication that color

The wholesale price


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