Yes Diamonds Do Have Color...Diamonds Can range from colorless to the spectrum of the rainbow. Each in their own Beautiful!
When we speak of grading a diamond for color we mean deciding by which amount the diamond’s “body color” deviates from the whitest possible.
(water like colorless) color.

It is difficult to see the subtle differences between one color grade to the next. When grading diamonds for color it is important to have a Master Color Diamond Set (pre-graded diamonds usually E-G-I-J) to compare the diamond being graded. Also a controlled lighting environment is helpful for accuracy. Diamonds must always be graded unset to ensure grading accuracy.

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