How to Buy Coloured Diamonds
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If white diamonds are a girl’s best friends, then fancy coloured ones must be her closest confidantes-for they are the rarest of the rare in the world of gemstones, and way more expensive and treasured than their white cousins. In fact, out of every 10,000 gem-quality diamonds, only one has a fancy colour.
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Estimates put fancy coloured polished diamonds at one in 10,000, and 1 in 25,000 exhibits a fancy intense colour. In addition to this incredible rarity, there are a host of contributing factors that play a key role in the current surge in interest in coloured diamonds and their tremendous value today. A fancy intense blue diamond, which is more valuable than yellows or even pinks, is one in 30 million diamonds.
Yellow diamonds, Tiffany
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Few gemstones in history were so iconic, rare and beautiful that they were given a name, and fancy coloured diamonds feature dominantly in this pantheon of greats. You might have heard of the world’s most famous, and infamous, diamond: the 45.
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101.29-carat fancy vivid yellow Allnatt Diamond
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A legendary yellow is the 101. One coloured that is considered priceless is the largest and finest green diamond ever found, the 40.
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45-carat fancy vivid blue diamond as the centre stone.
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Other well-known gems include the extremely rare 5.
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14.62-carat Oppenheimer Blue
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The largest fancy vivid blue diamond to appear at auction, the 14.4m for a 12. It was the most expensive diamond ever sold, regardless of colour, and fetched the highest per carat price. The previous day, he had spent US$28. The previous world record for the most expensive diamond was held by the 24.
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4.08-carat fancy vivid orange diamond
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Far exceeding estimates is this ring set with a 4.08-carat fancy vivid orange diamond, which sold for HK$19.
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If you are wondering why it seems that fancy coloured diamonds seem to be more pervasive now than ever, it’s a simple case of supply rising to meet demand. “Fashion has also strongly influenced consumer preferences, with individuals getting bolder to flaunt a diamond that isn’t of a pure colourless grade. “In response to soaring demand, mining groups release larger percentages of fancy coloured diamonds from their reserves to keep up with the trends.”
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He adds that the introduction of innovation software, for example in mapping technology, has yielded in a higher proportion of fine-quality sparklers churned out by mines. In addition, technology has contributed to faint fancy coloured diamonds being able to retain their colours even after the cutting process. The cost of this shift has attributed to an increase in prices. “Although the Blue Moon of Josephine was discovered in 2014 in South Africa, I think it is probably the only blue diamond over 10 carats discovered over the past 10 to 15 years. On top of that, the underground mining operations are estimated to carry on until 2020, after which its future is not yet decided.” “This includes diamonds with better clarity grades and of more desirable colours.
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The Aurora Green
03 carats.
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The auction house experts are reluctant to discuss pricing of top-quality, large fancy coloured diamonds, for these are so rare that each one has to be judged on its own grading and merits. We sold a 0. Today, the asking price of a similar stone is about $240,000 per carat.
He says their current popularity is due to the fact that the consumer market is more educated and sophisticated now than ever before. “Coloured diamonds are one of the gemstones our clients look for, but only pieces that are highly saturated in colour in the vivid and intense range.” Previously, a blue was just a blue. I’ve come across a collector who bought coloured diamonds from the 1970s, one of which was a blue that we tested and found it to have a fancy intense blue grade.
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Sold for US$31. Although pinks and blues seem to be favourites, red, green, purple and orange are rarer, while colours like brown, black and grey are also fancy colours.
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“The rarer the colour, the lower the carat size you would expect. For pinks, you would generally see 0.2 to 0.7 carats, and even then a 0.2-carat pink is impressive.
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“For white diamonds, you would grade only in the tone of colour (say, lighter or darker shade). For coloured diamonds, the grading system is more complex; you can potentially see a fancy deep brownish greenish yellow, fancy yellowish greenish grey or fancy grey-blue. A fancy grey-blue looks different from a fancy blue-grey. The highest grade is fancy vivid.” In coloured diamonds, you have to look at hue (type of colour), tone (light or dark), saturation (intensity), and primary colour with or without a secondary colour. The purer the colour, the rarer.
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The extremely rare 15. “It is best to try to buy a diamond that is eye-clean. In general, pink diamonds tend to be more included than a blue diamond. “Sometimes if the colour of the diamond rough is light, the cutter will make the diamond pavilion deeper, which draws out the colour and therefore improve its colour grade.
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