Diamonds are highly sought-after gemstones. In most cases, they are studded in jewelry, e.g. diamond earrings. If you are a fan of diamonds, you should know that fancy colored diamonds are the rarest of their kind. Less than 0.1% of the total diamonds mined around the world are colored diamonds. Some colors are so rare that they are sold even before reaching the processing plant. Oftentimes, rare diamonds are sold in auction houses. Their prices can range between tens of thousands of dollars and millions of dollars. Diamond enthusiasts are never hesitant to part with their money for these precious stones.

You should keep in mind that yellow diamonds are considered the most common colored diamonds. Hence, they do not cost as much as others. The demand of a color tends to rise if they are worn by influential individuals. For example, when Jennifer Lopez’s proposal ring featured a pink diamond. Below is a quick look at the rarer colored diamonds:

Green Colored Diamonds

Green diamonds are rare fancy diamonds. In some cases, these diamonds may have received artificial enhancements, and it is hard to tell. Those enhancements are designed to intensify the color. Some examples of green diamonds include the Dresden Green Diamond and the Ocean Dream. You should keep in mind that other colored diamonds are not as responsive to artificial enhancements as green ones.

Orange Colored Diamonds

Orange diamonds are among the most beautiful colored diamonds in the world. Individuals who possess a deep understanding of the nature of these diamonds are always prepared to buy one, should the opportunity arise. Although these diamonds do not have a high demand on the market, experts know their true worth. The Pumpkin Orange Diamond represents this category perfectly.

Pink Colored Diamonds

Pink diamonds are the opposite of yellow diamonds. They have a very high demand and are highly preferred by women. These diamonds attractive because of their passionate look and vibrant beauty. What’s more, they make great investments. The Perfect Pink, Steinmetz Pink, and Graff Pink are fine examples of pink diamonds.

Blue Colored Diamonds

Blue diamonds come in second place. They are one of the biggest rivals of pink diamonds. If compared side by side, pink is usually more common than their blue counterparts. Two famous blue diamonds include the Wittelsbach Graff and the Hope Diamond.

Red Colored Diamonds

Red diamonds are the rarest diamonds in the world. However, there is a catch. The only available “red” diamonds are actually brownish red or purplish red in color. PURE red diamonds have not been found so far. In other words, they do not exist. Therefore, the current value of red diamonds is exorbitantly high. What makes these diamonds priceless is the unique combination of high-quality 4Cs. The Hancock Red Diamond and the Moussaieff Red are famous examples of red diamonds.

Are There Any Rare White Colored Diamonds?

Yes! The availability of white diamonds is much higher. However, things are different when you talk about white diamonds that rank highly in all the 4Cs. These pieces are extremely rare; D grade, high carat weight, and flawless diamonds. As you can see, rare and colored diamonds are normally more expensive due to demand and supply. When you come across a rare colored diamond, and can afford it, they can be an excellent form of investment!