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When looking for a diamond, experts tell potential buyers to consider the 4 Cs: cut, carat, color and clarity. These criteria remain true when you considering a colored diamond, also known as a fancy diamond, though the stress on each attribute is different.

In a white, colorless diamond the emphasis is on its lack of color and its clarity. With a fancy diamond, the depth of the color is more important than the clarity. The diamond can stand to have a tiny flaw as long as its color is deep and rich. The cut is also important, and the carat is simply the size of the diamond.

Though you may consider colorless diamonds to be pricey, fancies can be even more expensive. High quality fancies set in diamond engagement rings, earrings or other types of jewelry are rare and beautiful. For a fancy diamond, the four C’s are in order of importance are color, clarity, cut and carat.

Color

Most fancy diamonds are shades of yellow or brown, and it takes special skill to grade them. The rarest fancy diamonds come in deep shades of blue, green or pink, and the more saturated the color, the more valuable the diamond.

Clarity

Though diamond experts can give a high grade to a diamond with more than one flaw as long as it has a beautiful color, the diamond shouldn’t have so many flaws and inclusions that it’s at risk of fracturing. One type of flaw that fancies have that colorless diamonds don’t often have is color graining. This can show up as bands of color or a haziness in the stone.

Cut

The cut of the diamond can affect the intensity of its color. Jewelers have found that a yellow diamond cut in a radiant shape has a deeper color than a yellow diamond in a step cut, and the better cut will increase its price. Fancy diamonds are also cut in unusual shapes such as triangles and briolettes.

Carat

As with a colorless diamond, a large fancy diamond is considered more valuable than a smaller one that has the same cut, color and clarity. But a large fancy diamond that has a lot of flaws may be worth less than a smaller fancy diamond that’s flawless.

Fancy diamonds are the result of other minerals such as boron found among the carbon atoms. High quality fancies are exceptionally beautiful and very rare. They are bound to make your engagement ring a statement piece.

Kara Masterson is a freelance writer from West Jordan, Utah. She graduated from the University of Utah and can be found on Facebook and Twitter.

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