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Blue and Pink Diamonds Reach Peak Prices
Feb 1, 2017 7:44 AM
By Rapaport News
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RAPAPORT... Fancy-color diamond prices grew in 2016, supported by
mounting demand for rare blues and pinks, according to the Fancy Color Research
Foundation (FCRF).
The Fancy Color Diamond Index climbed 0.4 percent last year
as prices of blue diamonds jumped 5.5 percent, while prices of their
pink counterparts increased 1.4 percent. However, yellow-diamond prices fell 4
percent.
“Blue fancy-color diamond prices are at their all-time peak
due to a combination of very thin supply and healthy demand,” said Jim Pounds,
executive vice-president for diamonds at miner Dominion Diamond Corporation and
chairman of the FCRF’s advisory board. “Overall, high-quality and well-cut
vivid blues and pinks do not exist in sufficient volume to create price
stability.”
In the fourth quarter, the overall index declined slightly relative
to the previous three months, the FCRF said. Yellow-diamond prices slipped 1.4 percent and
pink prices were flat, outweighing a 1.5 percent increase in blue-diamond
prices.
Looking ahead, prospects for yellow diamonds are relatively
positive, Pounds pointed out.
“Highly saturated yellow rough diamonds, especially vivids,
have recently achieved high prices in tenders, likely representing improved
demand that will impact [polished] prices,” he said.
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Tags:
blue diamonds, fancy color, Fancy Color Diamond Index, Fancy Color Research Foundation , fancy-color diamonds, FCRF, Jim Pounds, Pink diamonds, Rapaport News, yellow diamonds
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