3. Diamond Color
Most people think all diamonds are colorless. In fact, diamonds come in every color of the rainbow. The diamond industry distinguishes between fancy colored diamonds and diamonds in the normal color range.
Fancy colored diamonds make up a small but exotic part of the diamond industry. These diamonds include red, blue, green and pink, as well as the stronger yellows. They also come in combinations such as orange/yellow or gray/blue. Red and green are the rarest fancy colors. These stones are expensive and quite rare. A fancy red one-carat stone can run up to $1,000,000, depending upon the beauty of the stone
Color Chart
Diamonds in the normal color range are graded by how closely they achieve absolute colorlessness. Most diamonds usually have a slight trace of yellow, brown or gray. In the late 1950s the Gemological Institute of America (G.I.A) developed a system using an alphabetical letter to indicate the depth of color in a diamond. G.I.A assigned D the best color. Colors range from D (colorless) to Z (light yellow).
