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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

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"I drove all the way from the south side just to sell my silver to Chicago Gold Gallery because of the knowledge and professionalism I received on the phone. They gave me top dollar for my silver and were so fast and friendly. I definitely recommend this business!"

Date: 10/27/2017 • 5 / 5 stars ★★★★★

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This is the most welcoming, non-pretentious place to do business! I was researching where to sell sterling silver I had and ended up choosing here based on the other great reviews. They walked me through the whole process and answered my questions. I got a great price for my items & will go there again.

Date: 09/17/2018 • 5 / 5 stars ★★★★★

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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 large collection of silver coins sitting in my safe deposit box for 15+ years. Chrissy was so friendly and helpful she even gave me advice about coins I didn't know. She was more than happy to help me for over an hour in between taking care of other customers. They really did give me top dollar for my coins. Whether you are new or a pro with coins, I can highly recommend you take them here!

Date: 02/22/2020 • 5 / 5 stars ★★★★★

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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 ★★★★★

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