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For that purpose an intensity color scale was invented.Within the niche of color diamonds yellows are the most common.

For instance, this 1.01 Carats Fancy Light Yellow, VS2 Clarity Radiant Cut yellow diamond costs $4,150 while this 1.03 Carats, I Color, VS2 Clarity Radiant Cut diamond costs $4,100. While in colorless diamonds some might say that clarity and color are equivalent in the way they influence the price and value, in colored diamonds (including yellow diamonds) the pricing begins with the color. Period.Embedded side stones in a pavé setting give the ring additional sparkle. We could say that is human nature - people wanting what they can't have, but from the looks of it, it is because of the looks of it…Therefore, the pricing (as can be expected) is in compliance with the intensity level - the stronger the yellow color, the price goes up. Same goes for grading yellow diamonds.The price of a full GIA certificate for colored diamonds costs approximately $160 (and more – depends on the size of the diamond). For those that prefer seeing before reading - here is a quick video with the highlights taken from the guide:Both of these make yellow diamonds one of the best alternatives to white diamonds when it comes to engagement rings. Your side stones can match the color of your center stone or be white diamonds.A halo setting can boost the size appearance of your yellow diamond engagement ring, especially if there are two layers of surrounding stones.Before you buy a diamond, get personal buying advice from industry veterans. No dealer would have bothered grading (costs $160 dollar and more) a half a carat fancy light yellow but many did grade half a carat intense or vivid.When grading colored diamonds, beside determining the color or color combination of the diamond, the color is also graded for intensity. Your side stones can be round brilliants, triangle-shaped or any design that matches your style.Fancy yellow diamonds, also known as canary yellow diamonds, are relatively common. Each grade is a range in itself. Prices of a good quality white diamond, such as G color, is very similar to the price of a fancy yellow diamond. There is no much difference in pricing between a vs1 and a vs2 and same between VVS1 and VVS2. The price per carat (ppc) of a 0.50 carat yellow diamond is much higher than ppc of a 0.45 carat, a 1 carat yellow diamond costs much more than 0.90 carat and the price of a 2 carat yellow is a lot more than a 1.85 carat similar diamond. This means that lower quality diamonds, cheaper yellow diamonds, whether due to lower clarity, smaller size or weaker lighter color might have not been sent at the time for grading and therefore the results were value biased.

In the case of rarer fancy colored diamonds the differences might be much greater. In other words, yellow diamonds are fully saturated with yellow and carry no traces of whiteness whatsoever.The unique color of yellow diamonds comes from the presence of nitrogen in their composition.
No one will know the difference looking at the diamond unless looking under a UV lamp yet the price is reduced. Usually, it means the same thing since strong yellow diamond is worth more than a tinted yellow. The price for a 1 carat good quality Intense Yellow is currently in the range of $6,500 - $8,000.But what’s left to compare and probably one of the most important aspects is their pricing…The reason is not exactly known and understood in my opinion but there is some sense, some logic to it.

A Fancy Vivid Yellow Diamond with a decent color and eye-clean clarity will cost approximately the same as a D Color Flawless white diamond of the same shape.

But color does not mean only color intensity, color also means actual color.The remaining 3 C's have a similar effect like with white diamonds - we will cover the basics.This is a good place to discuss about the shape of the diamond which even though not in the 4 Cs does have an effect on the price.Take for example a 3 carat diamond - a 3 carat G color diamond would cost about $40,000 whereas a 3 carat fancy yellow diamond would cost "only" about $20,000 and a fancy intense $25,000-$40,000.