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Fancy Colored Loose Green Diamonds stand as some of the rarest Natural Fancy Colored Diamonds, sharing their rarity and value with hues like pink, purple, violet, and blue.
The majority of Fancy Colored Loose Green Diamonds is sourced from mines in Brazil, Venezuela, and Zimbabwe.
While most Natural Fancy Colored Diamonds derive their color from impurities, Fancy Colored Loose Green Diamonds boast uniqueness. Their color results from atomic radiation or radioactivity during the diamond's formation, displacing carbon atoms in the crystal structure. This occurs naturally near radioactive rocks or artificially through irradiation treatment.
The radiation, whether natural or artificial, imparts the green color to Fancy Colored Loose Green Diamonds. Their value lies in the fact that the radiation usually affects only the surface, giving them a 'green skin' appearance. Therefore, most green diamonds are green only on the surface, revealing their beauty as truly 'skin deep.'
Fancy Colored Loose Green Diamonds also exhibit an exceptionally rare phenomenon known as 'Chameleon Diamonds.' These diamonds possess the remarkable ability to change color, adapting to their environment and temporarily shifting between green, yellow, and brown hues, much like a chameleon in the wild. This unique feature makes 'Chameleon Diamonds' twice as rare and highly sought-after by diamond collectors and investors.
Fancy Colored Loose Green Diamonds can be found with a single, pure color, but more often, they contain one or even two secondary hues. The various overtone colors defined by the GIA include Yellow, Yellowish, Blue, Bluish, Brown, Brownish, Grey, Grayish, Gray Yellowish, and Grayish Yellowish.
In addition to the color options, Fancy Colored Loose Green Diamonds are found in several intensities, significantly impacting the diamond's price. Intensity levels include Feint, Very Light, Light, Fancy Light, Fancy, Fancy Intense, Fancy Vivid, and Fancy Deep.
Fancy Colored Loose Green Diamonds often possess a light tone and low saturation. Their color appears muted, with a grayish or brownish cast, and the hue generally falls into the yellowish-green category.
In most Fancy Colored Loose Green Diamonds, the hue is confined to the surface and rarely extends through the entire stone. When cutting a green diamond, leaving as much of the natural rough around the girdle as possible is acceptable, serving as proof of authenticity.
During processing, many diamonds that appear green in the rough end up as white or light yellow diamonds (sometimes referred to as ‘Silvery Capes’). If a brown patch appears naturally in a Fancy Colored Loose Green Diamond, the GIA recommends leaving the patches visible because they indicate that the diamond is "naturally" green and has not undergone any irradiation treatment such as artificial coloring. Hence, the brown patch does not affect the price of the stone in any way.
Natural Fancy Colored Loose Green Diamonds are extremely rare and challenging to discover in diamond mines. Pure green diamonds hardly ever occur, and those with Fancy Vivid Green are the rarest of all, making them the highest priced.
As Fancy Colored Loose Green Diamonds are very rare, they are highly prized and command top prices. In the last 40 years, only a handful of Fancy Colored Loose Green Diamonds have appeared at auction, but when they do, the prices achieved for these green beauties completely reflect their scarcity. Fancy Vivid Green diamonds are the rarest and naturally command the highest prices.
However, despite the stunning appeal of Fancy Colored Loose Green Diamonds, they are not as in demand as other colors of Natural Fancy Colored Diamonds, such as red, pink, or blue. Therefore, they are not as expensive per carat or in total price as these other colors.
This also means that Fancy Colored Loose Green Diamonds do not qualify as investment diamonds but rather as collectors’ diamonds to keep rather than as an asset to resell.
The most famous and largest Fancy Colored Loose Green Diamond is the ‘Dresden Green’ diamond, a stunning 40.70-carat believed to have originated in India in the 18th century. It has a clarity grade of VS-1, received by the GIA in 1988, and uniquely, its coloration is uniformly distributed throughout.
Another equally famous Fancy Colored Loose Green Diamond is the ‘Aurora Green,’ holding the title of the largest-ever Fancy Vivid Green diamond weighing 5.03 carats. It is not only famous for its size but also for its VS2 clarity and the absence of fluorescence, which is extremely rare for such a diamond.
The ‘Aurora Green’ was auctioned by Christie’s Hong Kong on May 31st, 2016, and sold for an astounding $16.8 Million. The price per carat of the Aurora Green was therefore in excess of $3.3 million dollars. This price tag smashed the record set by the auction of the Ocean Dream Diamond – a 5.5 carat vivid blue-green in 2014 that sold for $8.6 million total equivalent to $1.5 million per carat.
Other famous Fancy Colored Loose Green Diamonds include The Chopard Chameleon.
Being an extremely rare diamond, there are not many who have been lucky enough to wear a piece of jewelry featuring Fancy Colored Loose Green Diamonds. However, some fortunate individuals, including royalty, have had this privilege, even though green diamonds are considered a very luxurious item.
The world-famous ‘Orlov Diamond’ is a bluish-green diamond with the proportions of half a chicken’s egg. This breathtaking green diamond belonged to Catherine the Great of Russia and is set upon her Imperial Sceptre. There are a total of 180 facets on the diamond, featuring a rose-style cut.
Queen Elizabeth is world-renowned as a collector of some of the most famous Natural Fancy Colored Diamonds. A highly rare green chameleon diamond was bought for her by an anonymous donor. It is a very impressive 3 carats in weight and is heart-shaped.
Actress Blake Lively, an American actress who rose to fame starring in the CW drama series Gossip Girl, was often seen in 2010 and 2011 wearing the most exquisite Fancy Colored Loose Green Diamond ring designed by Lorraine Schwartz. The ring consists of highly prized and very rare deep green-colored diamonds.
Fancy Colored Loose Green Diamonds are extremely rare and incredibly unique. They are mesmerizing in their beauty and should never be mistaken for other green stones, as they are incomparable to other gemstones.
Rêve Diamonds of the Upper East Side, New York, is one of only a very few jewelers who can offer their valued customers the choice from an impressive collection of Fancy Colored Loose Green Diamonds.