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FCRF: Supply Shortages Lift Blue Diamond Prices
Apr 26, 2017 8:04 AM
By Rapaport News
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RAPAPORT... Blue diamonds outperformed the rest of the fancy-color
market in the first quarter, as high demand for the rare stones continued to
drive prices, according to the Fancy Color Research Foundation (FCRF).
The price index for blue fancy-color diamond prices grew
1.9% from the previous quarter and jumped 5.7% from a year ago, the FCRF said
Tuesday. This compared with a 0.2% price increase for all fancy-color diamonds
since the previous quarter, 0.7% year on year.
“Highly coveted fancy intense and vivid blues are
challenging to find in the market, while interest and demand for these
categories continue to grow,” said Eden Rachminov, chairman of the FCRF’s
advisory board. “This trend is likely to continue well into 2017 as owners
react to supply shortages with price hikes.”
Prices of yellow fancy-color diamonds slipped 0.2% compared
with the fourth quarter of 2016 and fell 2.5% year on year. Their pink
counterparts also dipped 0.2% from the preceding period but crept up 0.8% from
a year earlier.
Across all color segments, diamonds labeled “fancy intense”
or “fancy vivid” gained value, partly offset by declines in diamonds that were just “fancy,”
the foundation explained.
The FCRF’s Fancy Color Diamond Index tracks pricing data for
yellow, pink and blue fancy-color diamonds in Hong Kong, New York and Tel Aviv. |
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Tags:
blue diamonds, colored diamonds, Eden Rachminov, Fancy Color Diamond Index, Fancy color diamonds, Fancy Color Research Foundation , FCRF, Hong Kong, new york, Pink diamonds, Rapaport News, Tel Aviv, yellow diamonds
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