Rich in history, mystique and romance, fancy colored diamonds are the rarest of diamonds. For every colored diamond, there are 10,000 colorless diamonds. Colored diamonds command prices 20 to 25 times more than white diamonds. Popularity of these rare gems has been increasing for the last 3 years as more celebrities are seen wearing colored diamonds.
Of all the colored diamonds, intense green, red and intense purple are the rarest. Less than ten of each color are discovered each year. As a result, the larger and more perfect versions of these three colors sell for one million U.S. dollars or more.
Once reserved for heads of state, aristocracy and the ultra wealthy, fancy diamonds are now available to anyone who has the means and desire to enjoy the rare and unique beauty of these precious jewels.
Diamonds are rare because of the unusual set of circumstances required to create each stone. The diamonds we see today were created millions of years ago under high pressure and relatively low temperatures at a depth of eighty-seven to one hundred twenty miles below the surface of the earth. Then a small number of volcanoes fueled by magma that reached three times deeper than most magma sources brought the diamonds to the surface through volcanic eruptions.
Today’s diamond mines are located in several locations around the planet. The first documented fancy diamonds were discovered were mined on Indian rivers about 6,000 years ago. The largest mining companies include De Beers, BHP Billiton, the Rio Tinto Group and Petra Diamonds. Over 90% of the world’s pink diamonds come from the Argyle Mine in Australia. The mine is scheduled to close in 1018, which may cause pink Argyle diamond prices to increase.
Despite the increasing popularity of some colors of fancy diamonds, you can still find bargains if you do your research. Some of the colors that are not being worn by the stars can be purchased at relatively low prices. The price you pay is affected by color, rarity and popularity.
Although colored diamonds are more expensive than colorless diamonds, imagine how special the one you love will feel knowing she is wearing such an extremely rare diamond.
Want to learn what you need to know when shopping for colored diamonds? We have already done the research for you on engagement ring styles, fancy colored diamonds and designer engagement rings at EngagementRingTrends.com.
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