Paying top dollar

for your diamonds since 1980

Contact Us Today




What is a Fancy Diamond?

Posted on January 7th, 2015 by Goldman Buyer

You hear certain diamonds being referred to as “fancy” diamonds, but what does this mean? Fancy diamonds are those that are richly colored rather than the traditional clear or white.

While some diamonds are colored in a laboratory, fancy diamonds are naturally colored by elements like nitrogen and boron. These cause impurities in the stone from high pressure placed on the stone during formation. If these “impurities” appear in large amounts, the fancy diamond will demand a high price.

When these diamonds are graded, the first characteristic to take into account is the stone’s hue. Colors range from yellow, blue, brown, pink, red and more. After color comes the intensity of that color. Most commonly used is the GIA scale from the Gemological Institute of America, which starts at faint, and moves through very light, light, fancy light, fancy, fancy dark, fancy intense, fancy deep and fancy vivid. Fancy vivid diamonds are the richest in color, giving them the highest value.

Just like all diamonds, fancy diamonds will also be given grades on cut, clarity and carat. The cut of a diamond will impact its brilliance and ability to reflect light, making it important in the stone’s value. Clarity is less important for colored stones as it is for clear ones, but the less inclusions the better. Finally, carat is the weight and size of the diamond; in general, larger stones will be valued higher.

Courtesy of WiseGeek

← Back

Customer Testimonial

Had a Great Experience

"I recently worked with Chicago Gold Gallery to design an engagement ring. From picking out the stone to designing the setting, it was a wonderful experience to say the least. Thank you so much for your help!"


Date: 07/22/2014 • 5 / 5 stars ★★★★★

Can't say enough about this place.

Recently took my family of 4 for a week to Chicago for a family vacation. We were on a limited budget but being lifelong Cub fans I thought it would be a great treat for my kids ages 7 and 10 to go to a game that we hadn't planned for...


Date: 07/17/2015 • 5 / 5 stars ★★★★★

Love this place!

Chrissy & Joe are all super friendly and easy to work with. I trust them and they will do whatever they can to help you including giving you advice on what you have or what you should look for. I won't ever go anywhere else and I've recommended it to several friends.


Date: 08/02/2015 • 5 / 5 stars ★★★★★

I would do business with them again

I had a diamond ring that I wanted to sell and they gave me top dollar for it. They were so nice and I would do business with them again.


Date: 07/17/2015 • 5 / 5 stars ★★★★★

Don't Hesitate to call...

I find that Joe at Chicago Gold Gallery consistently offers and pays more for my coins than coin dealers in Chicagoland. He's very nice and easy to deal with. Don't hesitate to call him and preferably visit him.


Date: 12/04/2015 • 5 / 5 stars ★★★★★

How to Reach Us?

Get Directions

Contact Us

Get the most for your valuables.

1236 W. Devon Avenue
Chicago, IL 60660

Phone: 773-338-7787 Email: chgogoldgallery@aol.com

Hours: Mon-Sat: 9am-6pm

Especially Wanted

  • Broken Jewelry
  • Silver, Coins
  • Tiffany & Co.
  • Patek Philippe
  • Cartier
  • Rolex
  • Watches
  • Guitars
  • Bullion
  • Scrap Gold
  • Watches
  • Guitars
  • Bullion
  • Diamonds
  • Old Gold
  • Scrap Gold
  • Dental Gold
  • Sterling Silverware
  • Coins & Coin Collections
  • Antique & Modern Jewelry