How much Do you Know about Fancy Colored Diamonds?
Just like colorless diamonds, under extreme heat and pressure conditions, fancy colored diamonds also form in the earth’s mantle, which is released to the surface through volcanic eruptions.
The distinction is that if foreign particles are entrapped throughout the diamond crystallization procedure, the chemical build process is changed and the impact is a fancy color diamond. Each of these fancy colors is induced by a different, structural abnormality, such as boron for the blue diamond, the nitrogen for the yellow diamond, or a considerable number of pollutants for the black diamonds.
What are naturally colored diamonds and what are Fancy colored diamonds?
Diamonds in the normal color range are between colorless and light yellow. They are described using the industry-standard D to Z color scale, in contrast to fancy-colored diamonds that have colors outside the Z range.
These precious natural colored diamonds arrive in all colors of the rainbow, from red, pink, blue, green, purple, yellow, brown or black. According to the GIA (Gemological Institute of America), only one in 10,000 diamonds has a fancy color or is a natural diamond.
Black, brown, and yellow fancy colored diamonds cost less and are more common than green or blue fancy colored diamonds. It is reported that only 2 to 4 large natural blue diamonds are put on the market annually, and only 50 fancy blue natural diamonds have been sold at auction since 1999.
The 45.52-carat deep gray and blue Hope Diamond is the world’s most famous gem on display in the National Natural History Museum in Washington DC. In comparison, red natural diamonds are the few of all fancy color diamonds and arrive in single color intensity. Even experienced jewelers will never see pure or fancy red diamonds in their lifetime.
It is noteworthy that there are only about 20 to 30 true natural red diamonds in the world, most of which are less than half a carat in size, but which are still considered to be the most expensive diamonds in the price of colored diamonds per carat.
How rare are Pink Natural Diamonds?
While up to 10 to 15 million carats of diamonds are prospected, cut and sold annually, only 0.01% are fancy color stones. Of the 0.01%, approximately 80% are yellow and brown diamonds, while the remaining 20% are black and gray diamonds.
The Argyle Diamond Mine, which is responsible for up to 90% of the global supply of pink natural diamonds, is slated to close in 2020 due to its low proportion of gem-quality diamonds. This is expected to further affect the number of pink diamonds marketed annually, considering that their share is currently 0.0001%.
Fancy light pink diamonds that cost $ 10,000 per carat over 38 years ago now feature colored diamonds costing $ 220,000 per carat. In April 2017, the natural-colored diamond Pink Star with 59.60 carats became the most expensive jewel that was ever auctioned.
Due to the elevated request and low supply of colored diamonds, the latest technology is used to reach the pink hue of colorless diamonds throughout the high pressure and high-temperature function. Pink colored natural diamonds are very popular for use in colored diamond chains, colored diamond rings and other colored diamond jewelry.
History of Fancy Diamonds
Cullinan Diamond
The Cullinan Diamond, also known as the Star of Africa, has an estimated color diamond price of $ 2 billion. This white diamond considered 621.35 grams before being divided into nine large and several slighter diamonds.
The stone was discovered in 1905 by Captain Fredrick Wells and named after Sir Thomas Cullinan, owner of Premier Diamond Mining Co., where it was found.
Heart of Eternity – Blue Diamond
The Heart of Eternity Diamond is one of the ten most valuable blue diamonds ever sold and was also discovered in the South African Premier Diamond Mine. This heart-shaped, fancy, vivid blue diamond has a price per colored diamond of $ 16,000,000. The diamond weighs 5.528 grams and is 27.64 carats.
Koh-i-Noor
The Diamond of Kohinoor, also known as the Mountain of Light or the Diamond of Babur, has a diamond price of $ 1 billion. This 105.6 carat white diamond weighs 21.6 grams and was probably mined around 1300 in the Golkonda or Kollur mines in India.
The diamond originally weighed 793 carats before the English Prince Albert had it cut to its present size to increase its brilliance. It is believed that this diamond possesses magical powers derived from Surya, the sun god or the Indian god Krishna. The Kohinoor Diamond is now in the Crown of London, where it is on public show along with other favoured stones.
The Centenary Diamond was discovered in the Premier Mine in 1986 and weighed 599 carats unpolished. The colorless diamond was later cut into a modified heart shape and has a color diamond price of $ 100 million. He was christened the Centenary Diamond by Julian Ogilvie Thompson on the occasion of the centenary of the De Beer Consolidated Mines.
Krupp diamond
The Krupp diamond. The colorless diamond is a masterpiece with a captivating history and a color diamond cost $ 9,250,000. The Asscher cut diamond belonged to Elizabeth Taylor and is believed to have been one of her favorite pieces, as can be seen in many of her photos. Elizabeth Taylor passed it on in 2011, and the 33.19-carat diamond was auctioned off and sold to a South Korean conglomerate for a whopping $ 8,818,500, which even changed the ambition cost for a carat of colorless diamond.
The Core of Eternity is one of the ten most priceless blue diamonds ever sold Development of natural, colored diamond cuts. A diamond cut is a style or designs preset that is used when shaping a diamond for grinding. The cut of a diamond greatly affects its brilliance, making it less or more shiny.
The cut uses the material properties of a gemstone and consists of symmetrically arranged facets that together change the shape and appearance of a diamond crystal. Diamond cutters now flourish on the latest technologies such as laser cutting and computer-aided layout to make gemstones whose complexness and optic performance would have made it unimaginable to make early.
The most widespread natural colored diamond cuts contain; the trendy Round Brilliant Cut diamond, the layout of facets and proportions of which have been perfected via both mathematical and empirical research, and the fancy cuts, which arrive in a variety of shapes and are emanated from the round diamond. Princess, Asscher, Cushion, Heart, Pear and Emerald are some of the most famous cuts.
Fancy Diamonds Source
The best-known sources for fancy diamonds are India, the Democratic Republic of the Congo, Sierra Leone, Brazil, Central Africa, Angola, South Africa, and Australia.
Other locations for diamond mines are in Venezuela, Guyana and Indonesia.