We are definitely fascinated by the spectacle of colored diamonds in their full glory. Diamonds are formed by intense temperature and pressure, and this is true for colorless diamonds or sparkling white diamonds. It is in every sense magic being recreated to form colored diamonds of every shade included in the rainbow. There are subtle yet marked differences in the formation processes of the various hues of colored diamonds.

Colored diamonds command the highest per carat prices ever listed. These prices vary from color to color. Red diamonds stand at the pinnacle with the highest per carat prices, to be labeled as the most expensive diamonds in the world today. The cumulative price tag stands upward of $1million per carat. The most profound reason for that would be their rarity. They have an imperfect atomic structure as some of the other colored diamonds. It is the brilliance of Mother Nature that has given us an opportunity to study and rave over these wonderful pieces in red. “The Hancock Red” is the most famous red diamond with a per cart sale price of $926,316. Such is the rarity of these diamonds that even long waits of over 15 years do not give potential buyers even a glimpse of these stones. These diamonds are certainly reserved for the echelons of the rich and mighty.

Owning their greenish tinge to high energy gamma or neutron radiation, green diamonds come a close second in terms of highest per carat prices after red. Green diamonds come with a price tag range of $500,000 to $750,000. The 5.51 carat “Ocean Dream” is the most famous of the green diamonds truly showcasing the work of Mother Nature in carving this piece of colorful stone. Most notably the NHL has also used green diamonds on a large scale to decorate the Stanley Cup.

Boron impurities give diamonds the color of blue more like azure blue. This boron element is the secret behind some of the most celebrated diamonds in the world. Most notable among the blue family is the “Hope Diamond” in the Smithsonian Institute, at Washington D.C. The attribute of being one of the rarest colors of the spectrum, gives it a price range of $100,000 to $560,000.

Yellow diamonds are formed due to presence of nitrogen impurities in the diamonds lattice structure. The heating of colorless diamonds in a furnace of 14000C, agitates the 100 or so nitrogen atoms present in the 1,000,000 carbon lattice, in such a way that they form groups and seem to dance around the lattice’s interior. This phenomenon ultimately gives the yellow diamonds their yellow color. Often called as “canary” yellow diamonds, they command prices of about $35,000 per carat.

Yellow diamonds are among the top selling diamonds with blues and pinks following up closely. Celebrities like Jennifer Lopez and Puff Daddy are but a few of the high profile customers of these colored diamonds. These stars sure know how to get diamonds to match with their fashion wear and other accessories. Well time goes to say that colors definitely arouse more interest in diamonds. The high price tags that come along with these colors make them more valuable and more cherished. So next times you shop for a diamond look out for one that is sparkling white, back to the good old days.