Fancy colored diamonds are much more valuable than their clear counterparts that you find in jewelry stores. Some of these colors are much more prized than even the colorless stones that you see and hear about in the 4Cs of diamond buying. I read this piece about a nearly 25 carat pink diamond yesterday. What is more awesome than a huge pink diamond, you might ask? I will answer with the impressive expected auction price range of $27-38 million!
A brief internet search provided me a couple of comparisons, Paris Hilton received a 24 carat (similar size) canary diamond worth about $5 million from Paris Latsis, underscoring the rarity of the pink color since the canary is another fancy colored stone. Even the 6 carat pink diamond Ben Affleck gave J-Lo was only worth about 1.2 million.
Fancy red and fancy green colored diamonds are more rare than the pink stones but pink diamonds only come from one mine in the world.
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