What is a Fancy Color?
In the diamond industry, the term "Fancy Color" refers to diamonds that exhibit a natural color other than colorless or faint yellow or brown. These diamonds come in a range of colors, including pink, blue, green, yellow, orange, and red, among others.
Fancy color diamonds are graded on a separate scale from colorless diamonds, with different criteria for evaluating their color, intensity, and tone. The Gemological Institute of America (GIA) is the world's foremost authority on diamond grading, and their system for grading fancy color diamonds takes into account the hue (the dominant color), the saturation (the strength or intensity of the color), and the tone (the lightness or darkness of the color).
Fancy color diamonds are highly prized for their rarity, beauty, and uniqueness. They are often used in high-end jewelry and are popular among collectors and investors. The value of a fancy color diamond is determined by its rarity, with the most vivid and intense colors commanding the highest prices.
Why do such diamonds have a different Diamond Grading Report?
Fancy color diamonds have a different Diamond Grading Report because they are graded on a different scale than colorless or near-colorless diamonds. The Gemological Institute of America (GIA), which is one of the most respected diamond grading labs in the world, has a separate grading system for fancy color diamonds, which takes into account factors such as color, intensity, and tone.
Unlike colorless or near-colorless diamonds, where the absence of color is considered desirable and leads to higher value, in fancy color diamonds, the presence of a vivid and intense color is what makes the diamond rare and valuable. This means that the criteria for evaluating fancy color diamonds are different from those used for colorless or near-colorless diamonds.
The GIA grading report for a fancy color diamond will include information about the diamond's hue (the color), saturation (the intensity of the color), and tone (the lightness or darkness of the color). It will also include information about the diamond's clarity and cut quality, which are important factors that determine its overall value.
Fancy color diamonds are graded on a scale that ranges from faint to fancy deep, with various degrees of intensity in between. The rarer and more intense the color, the more valuable the diamond becomes. The GIA grading report for a fancy color diamond provides buyers with important information about the quality and value of the diamond, helping them to make an informed purchasing decision.