When stars between 0.4 and 8 solar masses reach the end of their life the cores cease hydrogen fusion and begin to fuse helium into carbon. This represents an exponential increase in energy output and causes the star to expand into a red giant. In our case, the surface of our then-bloated Sun will expand to approximately Earth's orbit. (about 3 to 4 billion years from now).

Eventually the helium fuel will begin to run out as more and more carbon is created. As this happens the fusion in the core will begin to "sputter", like a dying flame. This sputtering will push the outer layers further outward until you have the beautiful formations you see in these pictures. No two are alike. They last roughly 50,000 years (a blink of the eye in cosmic scale) and then dissipate.

What's left in the center is an Earth-sized core of crystalized carbon called a White Dwarf, or in other words, a planet-sized diamond!