Selecting Color Diamonds – Beware of Pitfalls
How do you go about choosing and selecting a color diamond
? It’s not as easy as it may seem and there are many hurdles that can trip up the innocent buyer who is unaware of what to look for.
It is not just a case of selecting a colored diamond that appears good in a picture or even in real life as you hold it between your fingers. Images may not always present a comprehensive and true view of the stone. In reality, it may be lighter or darker; it may have more sparkle or less.
That means that in order to determine what the gem really does look like up close, you have to be aware of identification tips.
The hue of a diamond may vary in its richness whatever the color: pink, blue, brown, or any other. And if a diamond has been color enhanced in a lab, it will as often as not have a more vibrant color. Be aware that the majority of natural colored stones do not have very vibrant colors. And if they do, they are usually more expensive.
When selecting a color diamond, buyers should also take into account the setting for the stone. Smaller colored diamonds can also emphasize a larger white diamond. The color of the type of setting is also important to consider. Some types of metal may complement certain colors better. Whenever possible, it is best to choose a diamond before selecting the setting.
Colored Diamond Grade
Colored diamonds are given a specific grade, which is different than the famous ‘4 Cs’
of regular white diamonds. The color grade refers to the depth of the hue of the gem. These color grades are well known and are provided in grading reports by famous labs such as the GIA, IGI, HRD and others.
Buyers should be aware, however, that not all gems are sent to labs for evaluation, and that in cases where a diamond has been certified by one of these grading institutes and been graded, it will inevitably cost more than similar uncertified diamonds.
If a non-certified diamond is being offered for sale, another way to see a better picture of the stone’s color quality is to ask for a multi-angle video rather than several simple still shots.
A Dealer Gives His Advice
A well-known dealer in colored stones says a buyer has to know the sector inside out. “You have to know the business very well to be able to place a price on a stone,” he explained. “A poor hue can reduce the price of a diamond by 50-70 percent. You need a well-trained eye to see the imperfections in the stone because if they are missed you can get it very wrong.
“The risk involved in colored diamonds is much higher than for white diamonds. A colored diamond can sell for $10,00 per carat or $1 million per carat. Is the stone going to turn brownish? What is written on the certificate? One prefers straight descriptions on the certificate, such as ‘fancy pink’, and not something like ‘orangey-pink’ since that can affect the price tremendously.
“If the rough stone is not a straight color, then you need an extremely experienced and trained eye to understand it and its potential.” As for setting the price of the colored diamond, that is determined by the quality and scarcity of such goods, he said.
“A pricelist has no relevance because there are not that many colored diamonds available. The price of pink and blue diamonds is set by auctions, while the price of yellow diamonds is according to the quality of the goods and what is available on the market,” he added.