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Despite their classical elegance and chic coloration, Fancy Colored Loose Gray Diamonds are relatively unknown and tend to be at the lower end of the value range for Natural Colored Loose Diamonds. They are far rarer than yellow and brown diamonds even though they attract the same value which does make them an interesting buy for those attracted to the mesmerising quality of the color gray.

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Gray diamonds are mined in Australia at the famous Argyle mine, and in India, Russia, Brazil and South Africa.

Fancy Colored Loose Gray Diamonds get their coloration from the inclusion of a high concentration of hydrogen, and in some occasions like blue diamonds, the presence of boron during the diamond's formation. Of note is the fact that Fancy Colored Loose Gray Diamonds, like blue diamonds are semiconductors of electricity - in comparison the majority of Natural Fancy Colored Diamonds and Natural Colorless Diamonds are non-conductors.

Fancy Colored Loose Gray Diamonds present a very interesting color set of the Natural Fancy Colored Diamonds ‘family. They are referred to by many as 'silver diamonds'. This term is more of a marketing spin than an official terminology. The majority of grey fancies are known as Type Ilb diamonds. This refers to a set of unique markers in the diamond's make-up including the presence of few nitrogen impurities and scattered boron atoms in the crystal matrix that cause the diamond's unique grey (and bluish) coloring.

Fancy Colored Loose Gray Diamonds come in a variety of different shades and hues that give them their very unique color. They are often referred to as charcoal gray, steel, slate, silver and pigeon and have little intensity. The tones of gray diamonds range from pewter and nickel to deeper hues like lead and graphite gray, which are quite stunning.

The levels of color intensity for Fancy Colored Loose Gray Diamonds are light gray, fancy light gray, fancy gray, fancy dark gray, and fancy deep gray. With Fancy Colored Loose Gray Diamonds there is no such color as vivid gray or faint gray. The diamond's colors will appear cooler or warmer according to which tones they contain. For instance brown and yellow give a Fancy Colored Loose Gray Diamond a warm tone, whilst blue and green modifiers will make the diamond appear cool and very elegant.

The common color overtones according to the GIA are yellowish, greenish, bluish and violet meaning that the actual colors seen in Fancy Colored Loose Gray Diamonds are Fancy Dark Violet Gray, Fancy Dark Greenish Gray, Fancy Greenish Yellow Gray and Fancy Grayish Violet. Fancy Colored Loose Gray Diamonds are a relatively affordable option, however, when combined with blue or violet, which are extremely rare, the prices of these diamonds can rise steeply into the tens of thousands.

Natural Fancy Colored Loose Gray Diamonds that are of a pure color with a certain degree or color saturation are rare. More common are those diamonds with yellow, green or brown secondary colors are. A blue modifier will make a Natural Fancy Colored Loose Gray Diamond more valuable.

Natural Fancy Colored Loose Gray Diamonds are a rarity however price wise they are positioned alongside the relatively common Natural Fancy Colored Diamond colors of browns and yellows. There pricing makes them an attractive proposition if you are looking for an alternative to Natural Colorless Diamonds. So whilst investing in diamonds can be viewed as a good investment in itself, if you are looking for the highest yield then you would be best advised to choose a color which is rare and higher in demand.

Simply because they are so rare there are very few famous Fancy Colored Loose Gray Diamonds. However two of the most famous diamonds in the world are blue diamonds with a gray modifier (gray blue diamonds), these being the ‘Hope Diamond’ and the ‘Wittelsbach Diamond’. In addition there is a third diamond that is not as famous but is still related to the family of Fancy Colored Loose Gray Diamonds. That is a 35.27 carat cushion-cut diamond named the Sultan of Morocco. This diamond was once owned by Cartier was sold in 1972 to an unknown collector for $250,000 - which is an equivalent of $1.4 Million dollars in today's values.

Gray diamonds are both versatile and fashionable, so for the bride to be who seeks to show their individuality Fancy Colored Loose Gray Diamonds make an excellent choice as an engagement ring. They provide a personalised, elegant and chic touch to an engagement ring that many conventional rings lack. Plus you can achieve the look of a simply stunning engagement ring that will be the envy of all your friends without breaking the bank!

When you see a yellow diamond engagement ring being worn it is very easy to note the color even at a distance, which is probably what the wearer wishes you to do. In contrast most Fancy Colored Loose Gray Diamonds do not have this effect. They are far more subtle as most gray diamonds have a weaker color saturation which in reality will give the impression of a beautiful Natural Colorless Diamond with a very elegant an stylish metallic bluish twist or ora.

In addition there is a considerable advantage to investing in an engagement ring featuring Fancy Colored Loose Gray Diamonds that Natural Colorless Diamonds will not afford you. That is that gray diamonds often come in a round brilliant shape. The round diamond is traditionally the most sought after shape for engagement rings yet Fancy Colored Diamonds are very rarely cut into rounds due to the fact that by mathematical definition the round diamond shape causes light to go through the diamond and bounce off it in an optimal way that causes the diamond to appear whiter so not sustaining the color. Therefore most colored diamonds are cut into radiants and cushions to show off the color. If however you are looking for an different shape then do not worry as Fancy Colored Loose Gray Diamonds can also be cut into other shapes such as cushion cut, pear shape, oval and radiant.

If you dare to be different and would like to choose your next piece of jewelry, engagement ring, wedding band etc., with the centre piece of Fancy Colored Loose Gray Diamonds then contact the experts at Rêve Diamonds Upper East Side, New York. We stock a fantastic choice of stunning Fancy Colored Loose Gray Diamonds jewelry in all shades and intensities which are of course GIA certified.