![]() ![]() Almost two decades later, they still continue to escalate in value,” says one source. “The value of pink diamonds went into the stratosphere. ![]() ![]() Soon, the words “fancy” and “vivid” became bragging rights for collectors. The famous 4C’s (carat, color, cut, clarity) were a great system to label white diamonds, but the colored stones entering the marketplace needed to be measured differently, allowing for variations in shade and hue and intensity. Before that date, the Gemological Institute of America didn’t really have a way to classify colored diamonds. “But at the high-end of the market, these rare and unique colored diamonds have been recognized as a truly collectible item, and buyers from all over the world have been buying them as they come to market."Ī look at colored diamonds’ meteoric rise should actually begin a bit further back than Bennifer, to 1995. “Certainly Jennifer Lopez’s pink diamond engagement ring from Ben Affleck tends to get credit, deservedly, for sparking interest in colored diamonds,” says Kwiat. "For some context, there are more Picasso paintings in the world than there are truly exceptional natural pink and blue diamonds over one carat in size.”Īffleck may have brought a lot of attention to colored diamonds by putting a (pink) ring on it, but collectors had long known about these special rocks. "It is hard to overstate just how special a fine quality, natural fancy color diamond really is," says Kwiat. Lo's pink diamond? It fell into a particularly rarified category. There are more Picasso paintings in the world than there are truly exceptional natural pink and blue diamonds over one carat in size. ![]()
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