For solid black onyx, color is about depth and evenness - a rich, uniform black with no visible gray undertone or patchiness is the goal, and dye quality varies noticeably between suppliers. For the banded varieties, it's the opposite: sharp, clean contrast between the layers is what carvers and collectors look for.
Because the color in most black onyx comes from dye rather than from the stone's own chemistry, "color grading" here is really about how well and how evenly the treatment was done, not about a naturally occurring hue range the way it is for most other gems.
See every named variety, from solid black to banded sardonyx, in the Colors section above.