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FIGURE 1: The effect of secondary color moderators on the price of orange fancy color diamonds.

  Is a peach better than an orange? And what about a mandarin?

by Gemewizard team
June 18, 2012


As has been the case with pink stones for a long period of time, orange fancy colored diamonds have become popular of late. But finding a pure orange color diamond, without any influence of secondary color moderators, is quite rare. Practically all orange diamonds have secondary color moderators, affecting both the appearance and the price of the gem. Pure orange colored diamonds are exceedingly expensive.

To properly understand the effect that secondary color moderators have on the price of orange-colored diamond, we used the GemePrice™ back-office engine. Processing the data using sophisticated algorithms, we monitored how every slight color change may affect the price (positively or negatively), and by how much. We used a pure orange colored diamond as our yardstick, setting its price as 100 percent.

The results of the orange group analysis are shown in the chart in Figure 1.

As is evident, tints of yellow and brown, which generally are considered to be less attractive colors, negatively affect the price of the diamond. The slightest hint of a brown tint may cut the price of an orange fancy colored diamond by 30 percent, and 50 percent to 60 percent for a decidedly brown orange.

A similar pattern was evident with yellow secondary colors. According to the data provided by GemePrice™, prices for mandarin-like colored diamonds show a decline between 20 percent and 30 percent for yellowish orange and between 30 percent and 40 percent for yellow orange.

But like with a martini, sometimes a cocktail is better than the unadulterated components. This appeared to be the case with pink secondary colors, although it should be noted that since a pink and orange combination is rare, as most of the peach-like colored stones are graded as orange-pink versus pink-orange, our sample was small.

Struggling to identify a definite trend, we consulted with several fancy diamond experts. They appeared to be equally confused, but it seems safe to declare the following: while some of the pink- and pinkish-orange diamonds' prices remain the same as pure orange, with more pronounced pink orange colors there appears to an increase in price of between 10 percent and 30 percent.

The numbers provided are relevant only for secondary color moderator, but it is important to point out that their influence is not consistent because there are frequently other factors at play. Such parameters include color intensity (the lower the grade, the weaker the influence), the resultant color (and the degree to which it is considered pleasant to the beholder), market demand for a specific color, and, as is well demonstrated in case of pinks, availability.

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