What rarity does each of the loot color represent?

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I know that the color of the loot signifies the rarity of that piece of loot but I don't know is the order. What is the order from rarest to common?
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Why are legendary items Orange?
Orange (Legendary, named items with higher stats and certain guaranteed properties, usually including a special power exclusive to that item. Unlike D2 uniques, most properties of legendary items are still random.What color are legendary items?
Common (white items) Uncommon (green items) Rare (blue items) Legendary (purple items)What is the highest rarity in games?
Taste The Rainbow- Common \u2013 White.
- Uncommon \u2013 Green.
- Rare \u2013 Blue.
- Epic \u2013 Purple.
- Legendary \u2013 Gold.
- Player Loot \u2013 Pink.
Where did the color rarity system come from?
Simply put, the color rarity system was re-adapted for games by Blizzard Entertainment with Diablo and World of Warcraft. As a basic concept however, it has been around for a while. It is all balanced deep in the human mind, and how we perceive colors and how scarcity works.The Surprising Origins Of Loot Rarity Colors
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
Images: Stanislav Kondratiev, Blue Bird, Kelly, Teona Swift