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Yes and no. Coloured diamonds tend to be very expensive as a result of their rarity. It is worth pointing out that there are many factors to consider, when comparing price, such as the size, quality and hue of the diamond. Yellow diamond engagement rings can be affordable and sometimes even cost less than white diamond engagement rings. Larger yellow diamonds, however, tend to be more expensive than a white diamond of the same size as it is harder to find a larger coloured diamond. Similarly, yellow diamonds with a Fancy Intense Yellow or Fancy Vivid Yellow hue will always command higher prices than a white diamond.