Many consumers are not familiar with diamonds that are not white.
Diamonds come in a range of other colours including, red, pink, yellow, blue, and so on. These fancy colour diamonds are worth much more than white diamonds and they are very rare.
Mines are closing and the mines that do produce fancy colours are no producing as many as they used to.
This is causing the value and desirability of fancy diamonds to go up.
The most important thing when deciding on a coloured diamond is the colour itself. Coloured diamonds are cut to maximize the color, not the clarity.
Value is based moreso on colour factors such as hue, saturation and tone. Most inclusions are hidden by the saturation of colour within a diamond.
FAQ:
> What makes a colored diamond rare?
All colored diamonds are rare in their own right. Out of 10,000 carats of diamonds mined, only 1 carat will turn out to be Fancy colored. There are approximately 110 million carats of diamonds mined each year and only 2000 carats will be cut and polished colored diamonds.
> What colored diamonds are considered the rarest?
The rarest colored diamonds are red, blue, green, orange and pink.
> Is this a long term investment and how do I sell my diamonds?
Fancy colored diamonds can be a10-year investment where the returns can be substantial. As with fine paintings, there are no set prices. Colored diamonds, like a Picasso, are a work of art and the price should be decided by the purchaser which is why rare colored diamonds should be sold at auction.
The highest price ever paid per carat for a colored diamond was in 1987 at Christies Auction House and was a 0.95ct Fancy Red Diamond that sold for over $927,000.00. It is hard to believe, however true, that a red diamond the size of your baby fingernail, is worth millions of dollars.
Fancy diamonds are an excellent investment.
Their values is also less dependent on the clarity (discussed in white diamond info) and more on the intensity of the colour.
One thing to look out for is ENHANCED fancy colour diamonds.
A lot of fancy diamonds in the market are enhanced, this means they are treated with heat to bring out the colour. This lowers the value.
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