In the diamond industry colored diamonds are rarer than colorless diamonds, therefore, the diamond price for these beauties are different. The obvious reason is that colored diamonds are most difficult to find in nature. In addition, if the colored diamonds are found it is usually below 1 carat. However, the range of colors is very wide since the diamonds can be for example black, pink, blue, green, yellow, brown, purple, red or even orange. When it comes to buying colored diamonds it is first of all not very easy to come across unless you know the right places to go. But before you do, get informed about the diamond price for colored diamonds. So read on to get educated about what makes the diamond price of colored diamonds and what most expensive color to less expensive colors are.
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What Makes The Diamond Price?
Diamonds are graded as colored diamonds if they go lower that letter Z on the color grading scale. When the color is lower the way how to determine the value changes. Because a colorless diamond is determined by the 4C`s (cut, carat, clarity, and color). The less color there is in a colorless diamond the more valuable the diamond is, with colored diamonds it is the opposite. Color is even the most important aspect of the value of a colored diamond thus the actual diamond price.The color of colored diamonds is determined by its hue, saturation, tone, and distribution. The diamond its hue is the most dominant color of the gemstone. Why we say the most dominant color is because a gemstone can have more colored tints. For instance a purplish-pink diamond, which is a pink diamond with some purple tint. But this tint is not the hue, the hue is really the primary color of the gemstone. This hue can be very intense meaning the saturation of the gemstone. If the saturation of for example a pink diamond is very intense the value is much more than a light saturation. In addition, the tone of the colored diamond represents how light or dark a stone appears and distribution refers how evenly the color is spread in the body of the diamond. Thus, the hue, saturation, tone, and distribution are the major players in the diamond price of colored diamonds.
Overview Of Colored Diamond Prices
Colored diamonds are some of the most beautiful and sought-after gemstones in the world. Their prices can vary greatly due to factors like how rare they are, the intensity of their color, and how much demand there is in the market. Understanding these factors can help you appreciate why certain colored diamonds are more expensive than others.
Pricing Breakdown By Color
Red Diamonds
- Rarity: Red diamonds are the rarest of all colored diamonds. There are only about 20 to 30 of them known to exist in the entire world. Their extreme rarity makes them highly desirable.
- Pricing: Because of their scarcity, red diamonds command very high prices. On average, they cost over $1.2 million per carat. For example, a notable sale involved a 5.11-carat red diamond that sold for a total of $8.5 million, averaging about $1.66 million for each carat. This shows how valuable these diamonds are.
Blue Diamonds
- Rarity: Blue diamonds are less rare than red diamonds but can still be quite special. They are often larger and are found in a few specific locations around the world.
- Pricing: The average price for a blue diamond is around $220,000 per carat. The highest price paid for a blue diamond was for a 14.2-carat stone that sold for $4 million per carat. This shows that while blue diamonds are more common than red diamonds, they can still reach very high prices based on quality and size.
Pink Diamonds
- Rarity: Most pink diamonds come from the Argyle mine in Australia, which is famous for producing these beautiful stones. Their rarity is significant because of the limited supply.
- Pricing: The price for pink diamonds can vary widely, ranging from about $12,000 to over $750,000 per carat. A famous pink diamond, known as the “Pink Star,” weighed 59.6 carats and sold for a staggering $72 million. This illustrates how desirable and valuable pink diamonds can be, especially those with unique qualities.
Yellow Diamonds
- Rarity: Yellow diamonds are more common than red, blue, or pink diamonds, which makes them somewhat more affordable. They are widely recognized for having vibrant, cheerful colors.
- Pricing: Typically, yellow diamonds cost between $4,000 and $18,000 per carat. One of the most famous yellow diamonds is the Graff Vivid Yellow diamond, which weighed 100.90 carats and sold for $17 million. This shows that while they are more accessible, high-quality yellow diamonds can still fetch impressive prices.
Lab-Grown Diamonds
- Rarity: Lab-grown diamonds are made in laboratories, making them a more accessible option for many people. Their physical and chemical characteristics are identical to those of genuine diamonds.
- Pricing: A one-carat blue diamond developed in a lab costs roughly $9,000 dollars. This is significantly lower than the price of natural blue diamonds, making lab-grown options appealing to those who want beautiful diamonds without spending a fortune. Since they don’t need to be mined, they are additionally considered to be more environmentally friendly.
Most Expensive Colored Diamond Descending To Less Expensive Colors
In the industry, there are 300 colors identified, however, this number is due to the variety of different shades and hues in the colored diamond. To group the colors based on prices the relatively affordable colored diamonds are grey, brown and fancy yellow. Going to mid ranging prices it can be an intense and vivid yellow diamonds and orange diamonds. A group higher in prices are pink, purple, violet, green and blue diamonds. Which are already very very rare!But the diamond price of a red colored diamond is the most expensive. A pure red diamond almost doesn`t exist and if they do, they are tagged with a very high diamond price. Want to know the exact diamond price for your fancy colored diamond? Request a free colored diamond quote by filling in the characteristics in the form since every colored diamond has a different diamond price.
