In color reproduction, including computer graphics and photography, the gamut, or color gamut ( /ˈɡæmət/), is a certain complete subset of colors. The most common usage refers to the subset of colors which can be accurately represented in a given circumstance, such as within a given color space or by a certain output device. Another sense, less frequently used but not less correct, refers to the complete set of colors found within an image at a given time. In this context, digitizing a photograph, converting a digitized image to a different color space, or outputting it to a given medium using a certain output device generally alters its gamut, in the sense that some of the colors in the original are lost in the process.
Read more about Gamut: Introduction, Representation of Gamuts, Comparison of Various Systems