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A Tour Through the World of Fancy Color Diamonds

By Carly Wickell, About.com

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Fancy Color Diamond Carat Weight

Pink Diamond Ring

Pink diamond flowers with white diamonds, set in 18K white gold.

© AMGAD

Color Diamond Carat Weight

How does a fancy color diamond's carat weight affect its pricetag?

AMGAD: The bigger it is, the more you will pay. Of course, you must compare oranges to oranges. For example, a 3 carat fancy yellow diamond with a VS2 clarity will cost more than a 2.5 carat fancy yellow diamond with an VS clarity. But a 2 carat fancy pink diamond with an SI clarity can cost more.

It is important to compare stones of similar characteristics when determining price.

Should consumers ask for a lab report for their color diamonds?

AMGAD: Many fine color diamonds will have an accompanying "diamond origin report" from one of the major international gem laboratories (IGI, GIA, EGL). Unless you are working with a trusted and reputable diamond dealer, we recommend one of these grading reports because they assure the diamond's natural color origin, or in other words, that it is actually a natural fancy diamond, not a color enhanced stone.

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