The option available for the color space under the Graphics Control panel is for YcrCb. I am afraid to say that this is the only option you can find in the tool to change the colorspace.
You can get to it by Entering the Display Settings> Advanced.
I have an issue with a projector, that goes really pink with my graphics. I have Intel i7-4710hq with Intel HD 4600 and I cannot find the setting to change colorspace. I know it used to be in (older?) black-themed Intel Graphics and Media Control panel: http://www.justmacros.tv/pictures/IntelGraphicsSetup.png but it's not there anymore in my latest version of drivers (the white Intel HD Graphics Control Panel): https://communities.intel.com/servlet/JiveServlet/showImage/2-253649-239140/LPw8log%5B1%5D.png Any advice?
PS. When I go to Display Settings >> Advanced, for each thing I plug into my HDMI it says "No advanced settings are available for this display"...