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Gray colored diamonds are quite rare when compared to yellow and brown diamonds. Even so, their market value is in the lower price range for fancy colored diamonds. This means that their pricing is so reasonable that they can serve as an alternative to the traditional white, colorless diamonds most often used for jewelry associated with romance, engagements and other special occasions.
Gray colored diamonds usually get their color as a result of high concentrations of hydrogen atoms and in rare occasion's boron atoms which also make diamonds blue in color. Gray diamonds, when modified by blue or violet tones, are extremely rare, and the result is that prices can go sky high.
Gray colored diamonds come in the following intensity levels: 1) Light Gray, 2) Fancy Light Gray, 3) Fancy Gray, 4) Fancy Dark Gray, and 5) Fancy Deep Gray.
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