Color

Most diamonds used as gemstones are basically transparent with little tint, or white diamonds. The most common impurity, nitrogen, replaces a small proportion of carbon atoms in a diamond's structure and causes a yellowish to brownish tint. This effect is present in almost all white diamonds; in only the rarest diamonds is the coloration from this effect undetectable. The GIA has developed a rating system for color in white diamonds, from "D" to "Z" (with D being "colorless" and Z having a bright yellow coloration)[1], which has been widely adopted in the industry and is universally recognized, superseding several older systems once used in different countries. The GIA system uses a benchmark set of natural diamonds of known color grade, along with standardized and carefully controlled lighting conditions. Diamonds with higher color grades are rarer, in higher demand, and therefore more expensive, than lower color grades. Oddly enough, diamonds graded Z are also rare, and the bright yellow color is also highly valued. Diamonds graded D-F are considered "colorless", G-J are considered "near-colorless", K-M are "slightly colored". N-Y usually appear light yellow or brown.

In contrast to yellow or brown hues, diamonds of other colors are more rare and valuable. While even a pale pink or blue hue may increase the value of a diamond, more intense coloration is usually considered more desirable and commands the highest prices. A variety of impurities and structural imperfections cause different colors in diamonds, including yellow, pink, blue, red, green, brown, and other hues. Diamonds with unusual or intense coloration are sometimes labeled "fancy" by the diamond industry. Intense yellow coloration is considered one of the fancy colors, and is separate from the color grades of white diamonds. Gemologists have developed rating systems for fancy colored diamonds, but they are not in common use because of the relative rarity of colored diamonds.