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FIGURE 1

  Is the neighbor's diamond greener?

By Guy Borenstein, FGA
March 27, 2013


Green diamonds are considered very rare. Their color is mainly caused by irradiation defects or very high visible green UV fluorescence.

Two different shades of green are observed: a moss-like green, which is mainly seen in gems with a yellow or a brown tint; and a neon-like green, seen in gems with a blue tint. The existence of these shades can affect the price dramatically, positively or negatively.

In this article we decided to explore the price variations of green diamonds and understand the influence of each moderator on the green body color. For this purpose, we sought assistance from the GemePrice™'s back office. Its database includes more than $10.7 million worth of GIA-certified green colored diamonds currently available on the Internet, and is updated once every minute.

Through analysis of the available data, we compared the various color moderators of the green to a pure green diamond, which we set as our baseline of 100 percent.

The results of the analysis are shown in Figure 1. According to the database, the moss-like green colors had a negative effect on the price. Green colored diamonds with yellowish or yellow moderators were priced lower than the pure green by 20 percent and 40 percent respectively. Similar results are apparent with a brownish tint, where there was a 30 percent fall from the price of the pure green color stone.

On the other hand, the neon-like green colors add a premium to the price. A small addition of a bluish tint increases the price by approximately 20 percent. If the gem possesses an even higher blue saturation - high enough to be graded as a Blue Green color - the price jumps by about 50 percent.

The last tint we analyzed was gray. Although this is a neutral tint which cannot be attributed specifically to one of the two green shades, it induces its own effect, and it is quite negative. Simply stated, a gray-tinted moderator sliced the price in half.

The results point to a very clear price structure. While yellow, brown and gray tints tend to decrease the price of the gem, blue coloration causes it to increase sharply.

The neighbor's diamond may be greener, but is it bluish or yellowish? That's what really counts.

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