Lately I have seen more and more displays that, according to the manufacturers’ claims, produce a wider range of color than less capable or older models. Often referred to as wide-gamut displays, these displays are frequently more expensive than what we might ordinarily choose for everyday business use. The question is, are they good enough to be worth the money?
Wide Gamut Displays Can Improve Productivity For Photographers
The bottom line: Yes! If you are serious about photography and image editing, and you want to print your images at a high level of quality, you should consider a wide-gamut display.
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Many mid- to lower-cost, or older LCD displays produce color only in the sRGB color space, which was developed quite some time ago. The sRGB space covers a relatively small portion of the colors that are visible to us, and most of the newer pro-model inkjet printers can print a much wider gamut than sRGB. (please go here for more of “Why Use a Wide-Gamut Display for Photography?” on the Pro Photo Blog)
David Saffir's Photography and Printing Blog 