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Blue Diamonds Buoy Fancy Color Prices
Aug 15, 2016 4:02 AM
By Rapaport News
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RAPAPORT... Fancy color diamond prices rose in the second quarter due to
a notable increase in demand for blues and pinks, according to the Fancy Color
Research Foundation (FCRF).
Prices edged up 0.4 percent over April
to June from the previous quarter, the Fancy Color Diamond Index showed. A
1.1 percent advance in blue diamond prices and 0.7 percent growth in pink
prices offset a 0.5 percent decline in fancy yellow prices. Prices in the fancy
vivid blue category jumped 8.6 percent, a leap that was underpinned by stronger
demand for the 1-carat and 5-carat sizes.
“Fancy intense and fancy vivid color diamonds of all colors
enjoy robust demand in the market, driven mainly by supply scarcity that is not
likely to change in the foreseeable future,” said Eden Rachminov, chairman of
the FCRF’s advisory board. “The situation is different with commercial fancy
yellow goods, which is being adversely affected by sluggish U.S. demand.”
The stronger performance of blues and pinks compared with
yellows was in line with long-term trends, the FCRF said. However, the overall
price increase in the second-quarter contrasted with a weaker first three
months in which prices fell
0.1 percent sequentially.
The increase in fancy color prices compares with a 0.7
percent decline in the RapNet Diamond Index (RAPI™) for 1-carat, colorless,
GIA-graded diamonds in the second quarter.
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